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Assenagon Asset Management S.A. sells shares of Airgain, Inc. (NASDAQ:AIRG).

Assenagon Asset Management S.A. sells shares of Airgain, Inc. (NASDAQ:AIRG).

According to the most recent Form 13F that the company has filed with the Securities and Exchange Commission, Assenagon Asset Management S.A. decreased its stake in Airgain, Inc. (NASDAQ: AIRG) during the third quarter by 71.9%. After selling 114,506 shares of the technology company’s stock during the period in question, the institutional investor was left with 44,658 shares of the company’s stock at the end of the transaction. The most recent report filed with the Securities and Exchange Commission by Assenagon Asset Management S.A. indicated that the company owned approximately 0.44% of Airgain at a value of USD 322,000. The report was submitted to the SEC by the company.

In addition, the positions that the company’s other institutional investors hold have been subjected to alterations. During the first three months of the year, Advisor Group Holdings Inc. brought its total ownership of Airgain to a level that was 30.7% higher. Advisor Group Holdings Inc. now has a total of 4,916 shares of the technology company’s stock, which has a market value of $38,000, thanks to the purchase of an additional 1,154 shares during the most recent fiscal quarter. During the second quarter of the fiscal year, UBS Group AG increased the percentage of ownership it held in Airgain by 256.8%. UBS Group AG now has a total of 6,066 shares of the stock technology company thanks to the purchase of 4,366 additional shares during the most recent fiscal quarter. The stock has a value of $49,000, and UBS Group AG now holds 6,066 shares. A financial investment of $85,000 was made in Airgain by Virtu Financial LLC during the second quarter of the year. The portfolio of Engineers Gate Manager LP saw an increase of 18.4% in the value of its holdings in Airgain during the first three months of 2018. In the most recent fiscal quarter, Engineers Gate Manager LP increased its company stock holdings by purchasing an additional 2,214 shares, bringing the total number of shares owned by the business to 14,254, with a value of $108,000. Cubist Systematic Strategies LLC added a new investment of 110,000 dollars in Airgain during the year’s second quarter. This was the final business transaction that was brought up. Institutional investors and hedge funds own 54.70% of the company’s total share capital. Hedge funds also own a significant portion of the company’s stock.

NASDAQ AIRG was first listed on Wednesday at $7.45 per share. During the past year, the price of a share of Airgain, Inc. has fluctuated between $5.87 and $11.33, with a low of $5.87 and a high of $11.33. A total of $76,000,000 is assigned as a value to the corporation. Its price-to-earnings ratio is -7.45, and its beta is 1. Its price-to-earnings ratio is 1. The stock has been trading at $7.55 per share for the past 200 days, while its moving average price over the past 50 days is $7.17.

According to reports from other sources concerning Airgain, on December 8, company director James K. Sims sold 7,534 shares of the company’s stock. The sale of the shares was completed at a price corresponding to an average of $7.27 per share, which resulted in the total value of the transaction being $54,772.18. As a direct consequence of the transaction, the director is now the owner of 319,419 shares of the company. The total value of these shares is $2,322,176.13. You can read the transaction’s legal document submitted to the Securities and Exchange Commission by clicking on the link. The current percentage of the company’s stock owned by company insiders is 13.000%.

In recent weeks, several brokerage firms have indicated that they are considering offering to buy AIRG shares. Roth Capital reaffirmed its recommendation that investors “buy” the stock of Airgain on Friday, November 11. B. Riley lowered their target price on Airgain shares from $10.00 to $9.00 and gave the company a “neutral” rating in a research note published on Friday, November 11. It was decided to publish the report. A research note published on November 30 by StockNews.com lowered the “buy” recommendation for Airgain that the website had previously issued to a “hold” rating. In a research note released on November 16, Craig Hallum announced that they had finally dropped their price objective on Airgain shares, bringing it down to $13.00.

In addition to the embedded antenna devices the company creates, Airgain, Inc. provides a wide range of testing and integration services for customers to take advantage of. The company works closely with all the stakeholders in the ecosystem, such as wireless service providers, companies that make chips, original equipment manufacturers (OEMs), and original design manufacturers (ODMs). It is equipped with internal antennae, antennas external to the device, and carrier-class antennas. The company provides various services, including individualized designs for antennas and performance certifications.

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