Airgain, Inc. (NASDAQ:AIRG – Get Free Report) Director James K. Sims purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average cost of $2.44 per share, with a total value of $24,400.00. Following the transaction, the director now directly owns 365,880 shares of the company’s stock, valued at $892,747.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Airgain Price Performance
AIRG opened at $2.91 on Thursday. Airgain, Inc. has a one year low of $1.63 and a one year high of $8.50. The company’s 50 day simple moving average is $3.53 and its 200-day simple moving average is $4.58. The stock has a market capitalization of $30.38 million, a P/E ratio of -2.97 and a beta of 0.98.
Analyst Ratings Changes
Several research firms recently issued reports on AIRG. Craig Hallum dropped their price target on shares of Airgain from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, August 11th. StockNews.com began coverage on shares of Airgain in a research report on Friday, November 10th. They issued a “hold” rating for the company. Finally, B. Riley dropped their price target on shares of Airgain from $8.00 to $5.50 and set a “neutral” rating for the company in a research report on Friday, August 11th.
Institutional Trading of Airgain
Several hedge funds have recently modified their holdings of AIRG. Millennium Management LLC bought a new position in Airgain in the second quarter valued at approximately $881,000. Blair William & Co. IL raised its holdings in Airgain by 16.7% in the first quarter. Blair William & Co. IL now owns 739,511 shares of the technology company’s stock worth $5,605,000 after purchasing an additional 105,601 shares during the period. Keystone Financial Group acquired a new stake in Airgain in the second quarter worth $403,000. Jane Street Group LLC acquired a new stake in Airgain in the second quarter worth $573,000. Finally, Bank of Montreal Can acquired a new stake in Airgain in the second quarter worth $280,000. 53.15% of the stock is owned by institutional investors.
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; ultra-embedded antennas; SmartMax embedded antennas; and MaxBeam carrier class antennas, as well as automotive, fleet, public safety, and machine-to-machine antennas under the Antenna Plus brand.
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