Perkins Capital Management Inc. Has $1.14 Million Holdings in Airgain, Inc. (NASDAQ:AIRG)

Perkins Capital Management Inc. decreased its position in shares of Airgain, Inc. (NASDAQ:AIRG) by 30.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,375 shares of the technology company’s stock after selling 71,625 shares during the period. Perkins Capital Management Inc.’s holdings in Airgain were worth $1,139,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AIRG. Virtu Financial LLC acquired a new stake in shares of Airgain in the fourth quarter valued at about $73,000. Essex Investment Management Co. LLC bought a new stake in Airgain during the 4th quarter valued at approximately $145,000. Bailard Inc. acquired a new stake in Airgain in the 4th quarter valued at approximately $235,000. Farther Finance Advisors LLC grew its holdings 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 buying an additional 7,000 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Airgain by 23.2% in 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 period. Institutional investors and hedge funds own 52.76% of the company’s stock.

Airgain Stock Performance

Shares of AIRG opened at $3.99 on Monday. The company has a 50-day simple moving average of $6.33 and a 200-day simple moving average of $7.60. Airgain, Inc. has a 52 week low of $3.87 and a 52 week high of $10.34. The firm has a market capitalization of $46.12 million, a P/E ratio of -3.50 and a beta of 0.67.

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

Analysts Set New Price Targets

Separately, Craig Hallum reduced their price objective on Airgain from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, February 28th.

Insider Activity at Airgain

In related news, CEO Jacob Suen sold 6,982 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $4.16, for a total value of $29,045.12. Following the sale, the chief executive officer now owns 305,546 shares of the company’s stock, valued at $1,271,071.36. The trade was a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 19,195 shares of company stock worth $88,255. 16.10% of the stock is owned by corporate insiders.

Airgain 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.