Airgain, Inc. (NASDAQ:AIRG - Get Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 180,500 shares, an increase of 59.5% from the April 15th total of 113,200 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average daily volume of 21,500 shares, the short-interest ratio is presently 8.4 days.
Analyst Ratings Changes
Separately, StockNews.com started coverage on Airgain in a report on Wednesday. They set a "hold" rating for the company.
Get Our Latest Report on Airgain
Insiders Place Their Bets
In other news, CTO Ali Sadri sold 5,379 shares of the 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 completion of 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 SEC, which is available at this link. In other Airgain news, CEO Jacob Suen sold 10,639 shares of the business's stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $5.10, for a total value of $54,258.90. Following the transaction, the chief executive officer now directly owns 236,275 shares in the company, valued at $1,205,002.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CTO Ali Sadri sold 5,379 shares of the firm's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $5.10, for a total transaction of $27,432.90. Following the sale, the chief technology officer now directly owns 96,958 shares of the company's stock, valued at approximately $494,485.80. The disclosure for this sale can be found here. Insiders sold a total of 23,814 shares of company stock worth $122,510 over the last quarter. Company insiders own 15.30% of the company's stock.
Institutional Investors Weigh In On Airgain
An institutional investor recently raised its position in Airgain stock. First Eagle Investment Management LLC increased its holdings in shares of Airgain, Inc. (NASDAQ:AIRG - Free Report) by 8.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 426,634 shares of the technology company's stock after buying an additional 32,521 shares during the period. First Eagle Investment Management LLC owned 3.96% of Airgain worth $2,325,000 at the end of the most recent quarter. Institutional investors own 52.76% of the company's stock.
Airgain Trading Up 0.8 %
NASDAQ AIRG traded up $0.04 on Friday, hitting $5.35. 18,089 shares of the company were exchanged, compared to its average volume of 12,440. The company has a market cap of $57.67 million, a P/E ratio of -4.69 and a beta of 0.81. Airgain has a 1-year low of $1.63 and a 1-year high of $6.37. The firm has a 50 day moving average of $5.30 and a two-hundred day moving average of $4.08.
Airgain (NASDAQ:AIRG - Get Free Report) last announced its earnings results on Wednesday, March 6th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.29) by ($0.15). The company had revenue of $10.07 million for the quarter, compared to analyst estimates of $10.00 million. Airgain had a negative return on equity of 26.07% and a negative net margin of 22.34%. Research analysts anticipate that Airgain will post -0.44 EPS for the current fiscal year.
Airgain Company Profile
(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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