StockNews.com started coverage on shares of Airgain (NASDAQ:AIRG - Get Free Report) in a research report issued on Tuesday. The brokerage set a "hold" rating on the technology company's stock.
Airgain Stock Down 1.1 %
Shares of NASDAQ AIRG traded down $0.06 during trading hours on Tuesday, reaching $5.24. 9,860 shares of the stock traded hands, compared to its average volume of 20,444. The company has a market capitalization of $56.43 million, a P/E ratio of -4.40 and a beta of 0.85. Airgain has a 52-week low of $1.63 and a 52-week high of $6.37. The company's 50-day simple moving average is $5.05 and its two-hundred day simple moving average is $3.95.
Airgain (NASDAQ:AIRG - Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The technology company reported ($0.44) earnings per share for the quarter, missing analysts' consensus estimates of ($0.29) by ($0.15). The firm had revenue of $10.07 million for the quarter, compared to analysts' expectations of $10.00 million. Airgain had a negative net margin of 22.18% and a negative return on equity of 24.77%. As a group, sell-side analysts forecast that Airgain will post -0.44 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Airgain news, CTO Ali Sadri sold 5,379 shares of Airgain stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $5.10, for a total value of $27,432.90. Following the transaction, the chief technology officer now directly owns 96,958 shares of the company's stock, valued at approximately $494,485.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Ali Sadri sold 5,379 shares of Airgain stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $5.10, for a total value of $27,432.90. Following the sale, the chief technology officer now directly owns 96,958 shares in the company, valued at approximately $494,485.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jacob Suen sold 10,639 shares of Airgain stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $5.10, for a total value of $54,258.90. Following the completion of the sale, the chief executive officer now owns 236,275 shares in the company, valued at $1,205,002.50. The disclosure for this sale can be found here. Insiders have sold 23,814 shares of company stock valued at $122,510 in the last ninety days. Company insiders own 15.30% of the company's stock.
Institutional Investors Weigh In On Airgain
A hedge fund recently raised its stake in Airgain stock. Perkins Capital Management Inc. lifted its position in shares of Airgain, Inc. (NASDAQ:AIRG - Free Report) by 2,350.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 379,820 shares of the technology company's stock after purchasing an additional 364,320 shares during the quarter. Airgain comprises 1.2% of Perkins Capital Management Inc.'s investment portfolio, making the stock its 26th biggest holding. Perkins Capital Management Inc. owned approximately 3.64% of Airgain worth $1,352,000 at the end of the most recent reporting period. 52.76% of the stock is currently owned by hedge funds and other institutional investors.
About Airgain
(
Get Free Report)
Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.
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