Gen3 Capital Partners, Llc Sells 2,431 Shares of Airgain Inc (AIRG) Stock

Airgain Inc (NASDAQ:AIRG) major shareholder Gen3 Capital Partners, Llc sold 2,431 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $9.25, for a total transaction of $22,486.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Airgain Inc (AIRG) traded down $0.15 during mid-day trading on Wednesday, reaching $8.91. 25,503 shares of the company’s stock traded hands, compared to its average volume of 77,422. The stock has a market cap of $85.35 and a PE ratio of 81.00. Airgain Inc has a 1-year low of $7.31 and a 1-year high of $16.23. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.95 and a current ratio of 5.02.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings results on Thursday, February 15th. The technology company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. The business had revenue of $12.81 million for the quarter, compared to analysts’ expectations of $12.73 million. Airgain had a net margin of 2.30% and a return on equity of 4.82%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 EPS. research analysts forecast that Airgain Inc will post -0.2 EPS for the current fiscal year.

Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Airgain from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. B. Riley cut shares of Airgain from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research note on Friday, February 16th. Finally, Northland Securities reiterated a “buy” rating and issued a $13.00 price target on shares of Airgain in a research note on Tuesday, February 27th.

Hedge funds have recently made changes to their positions in the business. Millennium Management LLC purchased a new stake in Airgain in the 4th quarter worth $102,000. Commonwealth Equity Services Inc purchased a new stake in shares of Airgain during the 3rd quarter valued at about $118,000. Lake Street Advisors Group LLC purchased a new stake in shares of Airgain during the 4th quarter valued at about $314,000. Worth Venture Partners LLC raised its position in shares of Airgain by 50.1% during the 4th quarter. Worth Venture Partners LLC now owns 67,982 shares of the technology company’s stock valued at $611,000 after buying an additional 22,690 shares in the last quarter. Finally, Taylor Frigon Capital Management LLC purchased a new stake in shares of Airgain during the 4th quarter valued at about $1,184,000. Institutional investors and hedge funds own 27.22% of the company’s stock.

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About Airgain

Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.

Insider Buying and Selling by Quarter for Airgain (NASDAQ:AIRG)

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