Geode Capital Management LLC Buys 20,970 Shares of Airgain, Inc. (NASDAQ:AIRG)

Geode Capital Management LLC increased its stake in shares of Airgain, Inc. (NASDAQ:AIRG) by 23.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 111,476 shares of the technology company’s stock after buying an additional 20,970 shares during the period. Geode Capital Management LLC owned 0.99% of Airgain worth $841,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. First Eagle Investment Management LLC boosted its holdings in Airgain by 30.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 558,309 shares of the technology company’s stock valued at $3,372,000 after purchasing an additional 131,675 shares during the period. Renaissance Technologies LLC boosted its holdings in Airgain by 0.8% in the 2nd quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company’s stock valued at $2,128,000 after purchasing an additional 2,800 shares during the period. US Bancorp DE boosted its holdings in Airgain by 3.7% in the 3rd quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock valued at $502,000 after purchasing an additional 2,400 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Airgain by 195.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 36,277 shares of the technology company’s stock valued at $274,000 after purchasing an additional 24,000 shares during the period. Institutional investors own 52.76% of the company’s stock.

Airgain Trading Up 0.9 %

Shares of AIRG stock opened at $6.46 on Friday. The business’s 50-day moving average price is $8.22 and its 200-day moving average price is $7.80. Airgain, Inc. has a 12 month low of $3.06 and a 12 month high of $10.34. The firm has a market capitalization of $73.29 million, a price-to-earnings ratio of -5.67 and a beta of 0.72.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AIRG. Northland Securities reiterated an “outperform” rating and set a $11.50 price objective (up from $8.00) on shares of Airgain in a research report on Wednesday, November 13th. Craig Hallum raised their target price on shares of Airgain from $8.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th.

Insider Activity

In other news, CFO Michael Elbaz sold 6,777 shares of Airgain stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $9.09, for a total transaction of $61,602.93. Following the sale, the chief financial officer now directly owns 102,794 shares of the company’s stock, valued at approximately $934,397.46. This trade represents a 6.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 16.10% of the company’s stock.

Airgain Company Profile

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.