Akoustis Technologies Inc (AKTS) CEO Sells $147,686.22 in Stock

Akoustis Technologies Inc (NASDAQ:AKTS) CEO Jeffrey B. Shealy sold 24,863 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $5.94, for a total value of $147,686.22. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Akoustis Technologies Inc (NASDAQ AKTS) opened at $6.18 on Monday. Akoustis Technologies Inc has a 1-year low of $4.91 and a 1-year high of $14.00. The firm has a market capitalization of $119.70, a PE ratio of -9.36 and a beta of -0.69.

Akoustis Technologies (NASDAQ:AKTS) last posted its earnings results on Tuesday, November 14th. The technology company reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.11). Akoustis Technologies had a negative net margin of 1,462.20% and a negative return on equity of 115.56%. The company had revenue of $0.30 million for the quarter, compared to the consensus estimate of $0.70 million. equities analysts forecast that Akoustis Technologies Inc will post -0.34 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN raised its holdings in Akoustis Technologies by 504,642.9% during the third quarter. Wells Fargo & Company MN now owns 35,332 shares of the technology company’s stock valued at $230,000 after buying an additional 35,325 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Akoustis Technologies by 154.8% during the third quarter. D.A. Davidson & CO. now owns 79,000 shares of the technology company’s stock valued at $515,000 after buying an additional 48,000 shares in the last quarter. Commonwealth Equity Services Inc bought a new position in shares of Akoustis Technologies in the third quarter worth about $150,000. California State Teachers Retirement System bought a new position in shares of Akoustis Technologies in the second quarter worth about $135,000. Finally, IHT Wealth Management LLC bought a new position in shares of Akoustis Technologies in the second quarter worth about $133,000. Institutional investors own 10.83% of the company’s stock.

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Akoustis Technologies Company Profile

Akoustis Technologies, Inc, formerly Danlax, Corp., is a fabless company engaged in developing, designing and manufacturing radio frequency (RF) filter products for the mobile wireless device industry. The Company operates in the telecommunications and fiber optics sector. The Company is focused on commercializing and manufacturing its Bulk ONE acoustic wave technology to address the critical frequency-selectivity requirements in mobile smartphones.

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