Gena Ashe Buys Shares of Anterix Inc. (ATEX)
Gena Ashe, Anterix's Chief Legal Officer, acquired 29,368 shares on June 15, 2026.
Key Points
- Gena Ashe, Chief Legal Officer of Anterix Inc., purchased 29,368 shares valued at approximately $1.29 million on June 15, 2026.
- Anterix Inc. trades on NasdaqCM under the ticker ATEX, with a market cap of $1.47 billion and a P/E ratio of 16.07.
- Recent insider activity includes sales by other executives and a downgrade by B. Riley Securities to a hold rating with a $69 target.
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On June 15, 2026, Gena Ashe, the Chief Legal Officer and Corporate Secretary of Anterix Inc. (NasdaqCM: ATEX), purchased 29,368 shares of the company at an average price of $43.99 per share. This transaction was valued at approximately $1.29 million and was not part of a pre-arranged trading plan.
Insider Buying and Selling at Anterix Inc.
Gena Ashe wasn't the only insider active in June. On the same day, Scott Lang, the President and CEO, bought 138,318 shares at $33.13 each. Meanwhile, other insiders, including Gena Ashe again, sold shares at prices ranging from $81.31 to $82.50. Christopher Guttman-McCabe, the Chief Regulatory and Communications Officer, also sold 122,852 shares.
Other Institutional Activity in Anterix Inc.
Several institutional investors have also been active in Anterix Inc. Owl Creek Asset Management held steady with 5,411,776 shares valued at $206.68 million. Heard Capital maintained its position with 1,716,738 shares worth $65.56 million. BlackRock, Inc. trimmed its holdings by 11,132 shares to 1,007,143 shares, valued at $38.46 million. Meanwhile, Vanguard Capital Management LLC and Plustick Management LLC both initiated new positions, each acquiring 573,847 and 499,596 shares, respectively.
Anterix Inc. Stock Down 15.1%
Shares of Anterix Inc. (NasdaqCM: ATEX) recently traded around $78.40. The company, with a market cap of $1.47 billion, has a P/E ratio of 16.07. Its stock has seen a 52-week range between $17.58 and $88.12. The 50-day moving average is $55.14, while the 200-day moving average is $33.10. Anterix maintains a current ratio of 3.33 and a quick ratio of 3.03, with a debt-to-equity ratio of 1.69.
$ATEX stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Anterix Inc. reported revenue of $6.5 million, reflecting a growth rate of 41%. The company achieved a net margin of 13.94% and a return on equity of 43.27%. With an EPS of 4.83, Anterix is set to announce its next earnings on August 11, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
Analyst view held steady after the report.
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EPS & revenue
EPS missed estimates by 29.9%. Revenue beat estimates by 17.7%.
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Profit surprise
EBITDA came in 354% above estimates. Operating income came in 425% above estimates.
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Pre-earnings setup
The bar was high going in. Analysts were already very bullish.
- Analyst signal
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Earnings quality
Operating margin up 336.6 points year over year. Free cash flow was positive.
Earnings Call Summary
Anterix reported $1.958 billion in revenue, beating consensus of $1.664 billion, but much of the beat came from a $35 million license exchange gain rather than operations. The company is debt-free with $41 million cash and around $140 million in outstanding contracted proceeds. Management emphasized that seven utilities are now deploying 900 megahertz private LTE networks at scale, and an accelerator program offering matching spectrum value has drawn interest from utilities representing over $500 million in potential contract value, far exceeding the original $250 million pool. However, management declined to provide any forward guidance on timing or amounts for future quarters, citing dependence on utility customer decisions and FCC approval schedules.
Guidance Management gave no guidance for upcoming quarters. They said roughly $70 million in contracted proceeds should arrive by the end of their fiscal year, mostly in the fourth quarter. The accelerator program for utilities is oversubscribed.
Underwhelming report. Mixed results that may lead to slightly lower expectations.
Analysts Set New Price Targets
On June 4, 2026, B. Riley Securities downgraded Anterix Inc. to a hold rating, setting a price target of $69. JP Morgan, on October 17, 2025, maintained a buy rating with a $50 target. The consensus among analysts is a buy rating, with an average price target of $80 based on three analyst opinions.
About Anterix Inc.
Anterix Inc., headquartered in Woodland Park, New Jersey, focuses on commercializing spectrum assets for utility and critical infrastructure customers. The company provides a range of services, including private broadband networks and solutions, under the leadership of CEO Scott A. Lang. With a presence across the contiguous United States, Hawaii, Alaska, and Puerto Rico, Anterix offers licensed spectrum in the 900 MHz band.
Bottom Line
Gena Ashe's purchase of Anterix shares highlights ongoing insider activity within the company. Investors often track such insider trades for potential signals about a company's future. As a reminder, 13F filings and insider reports are historical and may not reflect current positions or intentions.
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