Investors may wish to note that the President of Airgain, Inc., Jacob Suen, recently netted US$54k from selling stock, receiving an average price of US$5.10. However we note that the sale only shrunk their holding by 5.5%.
The Last 12 Months Of Insider Transactions At Airgain
In the last twelve months, the biggest single purchase by an insider was when Independent Chairman of the Board James Sims bought US$84k worth of shares at a price of US$4.26 per share. Even though the purchase was made at a significantly lower price than the recent price (US$5.35), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Happily, we note that in the last year insiders paid US$176k for 45.98k shares. On the other hand they divested 28.54k shares, for US$134k. Overall, Airgain insiders were net buyers during the last year. Their average price was about US$3.83. It is certainly positive to see that insiders have invested their own money in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From our data, it seems that Airgain insiders own 13% of the company, worth about US$6.9m. We do generally prefer see higher levels of insider ownership.
So What Do The Airgain Insider Transactions Indicate?
Insiders haven't bought Airgain stock in the last three months, but there was some selling. But we take heart from prior transactions. But we'd like it if insiders owned more stock, overall. So overall it's hard to argue insiders are bullish. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. You'd be interested to know, that we found 3 warning signs for Airgain and we suggest you have a look.
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.