JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
SAN DIEGO—Jacob Suen, the President and CEO of Airgain Inc . (NASDAQ:AIRG), executed a series of stock transactions on March 17, 2025, according to a recent SEC filing. The transactions come as the stock trades near $4.35, down 39% over the past six months. Suen sold 6,982 shares of the company’s common stock, generating a total of $29,077. The shares were sold at a weighted average price of $4.1647, with individual transaction prices ranging from $4.04 to $4.385. According to InvestingPro analysis, the stock currently appears undervalued compared to its Fair Value.
In addition to the stock sale, Suen exercised stock options to acquire 6,982 shares at a price of $2 per share. These options, granted under the 2013 Equity Incentive Plan, were nearing expiration and were fully vested and exercisable. Analysts maintain a bullish outlook with price targets ranging from $8 to $9, significantly above current trading levels.
Following these transactions, Suen holds 305,546 shares of Airgain’s common stock. The company, headquartered in San Diego, specializes in radio and TV broadcasting and communications equipment. While not currently profitable, Airgain maintains a strong balance sheet with more cash than debt and a healthy current ratio of 1.91. Track insider transactions and access detailed financial analysis with InvestingPro, which offers 8 additional key insights about AIRG.
In other recent news, Airgain Inc. reported its fourth-quarter 2024 earnings, which showed a notable revenue miss. The company recorded $15.1 million in sales, falling short of the $17.2 million forecast, marking a 12.2% shortfall. Despite the revenue miss, Airgain’s gross margin improved for the fourth consecutive quarter, reaching 43.4%. For the full year, Airgain reported $60.6 million in sales, an 8% increase from 2023. Analysts highlighted the company’s transition from a component supplier to a wireless systems solutions provider as a strategic move. The company is optimistic about future growth, projecting Q1 2025 sales between $11 million and $13 million. Airgain’s strategic partnerships, including one with Omontel, are expected to play a significant role in scaling deployments and expanding market reach.
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