Have Insiders Sold Airgain Shares Recently?

We note that the Airgain, Inc. (NASDAQ:AIRG) President, Jacob Suen, recently sold US$54k worth of stock for US$5.10 per share. On the bright side, that's just a small sale and only reduced their holding by 5.5%.

Check out our latest analysis for Airgain

Airgain Insider Transactions Over The Last Year

The Independent Chairman of the Board James Sims made the biggest insider purchase in the last 12 months. That single transaction was for US$84k worth of shares at a price of US$4.26 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$5.35. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

In the last twelve months insiders purchased 45.98k shares for US$176k. On the other hand they divested 28.54k shares, for US$134k. Overall, Airgain insiders were net buyers during the last year. The average buy price was around US$3.83. We don't deny that it is nice to see insiders buying stock in the company. But we must note that the investments were made at well below today's share price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Airgain is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that Airgain insiders own about US$6.9m worth of shares (which is 13% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

What Might The Insider Transactions At Airgain Tell Us?

Insiders sold stock recently, but they haven't been buying. On the other hand, the insider transactions over the last year are encouraging. But insiders own relatively little of the company, from what we can see. So the company doesn't look great on this analysis. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 3 warning signs for Airgain that deserve your attention before buying any shares.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.