10,381 Shares in Airgain, Inc. (NASDAQ:AIRG) Purchased by Virtu Financial LLC

Virtu Financial LLC bought a new stake in Airgain, Inc. (NASDAQ:AIRG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,381 shares of the technology company’s stock, valued at approximately $73,000. Virtu Financial LLC owned approximately 0.09% of Airgain at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in Airgain by 19.3% in the 4th quarter. Farther Finance Advisors LLC now owns 43,277 shares of the technology company’s stock valued at $306,000 after purchasing an additional 7,000 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of Airgain in the fourth quarter valued at $145,000. Bailard Inc. purchased a new position in shares of Airgain in the fourth quarter valued at $235,000. Finally, Geode Capital Management LLC raised its stake in shares of Airgain by 23.2% during the 3rd quarter. Geode Capital Management LLC now owns 111,476 shares of the technology company’s stock worth $841,000 after buying an additional 20,970 shares during the last quarter. 52.76% of the stock is currently owned by institutional investors and hedge funds.

Airgain Trading Down 12.5 %

Airgain stock opened at $3.37 on Tuesday. The stock has a 50-day moving average price of $5.96 and a 200 day moving average price of $7.45. Airgain, Inc. has a 52 week low of $3.37 and a 52 week high of $10.34. The stock has a market cap of $38.95 million, a PE ratio of -2.96 and a beta of 0.67.

Airgain (NASDAQ:AIRG) last issued its quarterly earnings results on Thursday, February 27th. The technology company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The firm had revenue of $15.08 million for the quarter, compared to analysts’ expectations of $16.35 million. Airgain had a negative return on equity of 29.90% and a negative net margin of 21.96%. On average, equities analysts predict that Airgain, Inc. will post -0.53 EPS for the current year.

Insider Buying and Selling at Airgain

In other Airgain news, CEO Jacob Suen sold 12,093 shares of Airgain stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $4.85, for a total value of $58,651.05. Following the completion of the sale, the chief executive officer now owns 229,999 shares in the company, valued at $1,115,495.15. The trade was a 5.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 19,195 shares of company stock worth $88,255. Insiders own 16.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AIRG shares. StockNews.com upgraded shares of Airgain from a “hold” rating to a “buy” rating in a report on Saturday. Craig Hallum dropped their price objective on shares of Airgain from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, February 28th.

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.