US Bancorp DE Sells 2,375 Shares of Airgain, Inc. (NASDAQ:AIRG)

US Bancorp DE decreased its holdings in shares of Airgain, Inc. (NASDAQ:AIRG) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,266 shares of the technology company’s stock after selling 2,375 shares during the quarter. US Bancorp DE owned approximately 0.57% of Airgain worth $454,000 as of its most recent SEC filing.

Separately, Geode Capital Management LLC lifted its stake in Airgain by 23.2% in the third quarter. Geode Capital Management LLC now owns 111,476 shares of the technology company’s stock valued at $841,000 after acquiring an additional 20,970 shares during the last quarter. Institutional investors and hedge funds own 52.76% of the company’s stock.

Airgain Stock Up 3.4 %

NASDAQ:AIRG opened at $4.89 on Thursday. The company has a fifty day moving average of $6.66 and a 200-day moving average of $7.76. The firm has a market capitalization of $56.52 million, a P/E ratio of -4.29 and a beta of 0.67. Airgain, Inc. has a twelve month low of $4.35 and a twelve month high of $10.34.

Airgain (NASDAQ:AIRG) last announced 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 business had revenue of $15.08 million for the quarter, compared to the consensus estimate of $16.35 million. Airgain had a negative net margin of 21.96% and a negative return on equity of 29.90%. On average, analysts anticipate that Airgain, Inc. will post -0.53 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on AIRG. Northland Securities reissued an “outperform” rating and issued a $11.50 price objective (up from $8.00) on shares of Airgain in a research report on Wednesday, November 13th. Craig Hallum decreased their target price on shares of Airgain from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, February 28th.

Insiders Place Their Bets

In related news, CEO Jacob Suen sold 12,093 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $4.85, for a total value of $58,651.05. Following the transaction, the chief executive officer now directly owns 229,999 shares of the company’s stock, valued at approximately $1,115,495.15. The trade was a 5.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 16.10% of the company’s stock.

About Airgain

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.