David Aichele Sells 1,900 Shares of Akoustis Technologies Inc (NASDAQ:AKTS) Stock

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Akoustis Technologies Inc (NASDAQ:AKTS) VP David Aichele sold 1,900 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $5.49, for a total value of $10,431.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

David Aichele also recently made the following trade(s):

  • On Tuesday, July 16th, David Aichele sold 2,400 shares of Akoustis Technologies stock. The stock was sold at an average price of $5.70, for a total value of $13,680.00.
  • On Friday, May 17th, David Aichele sold 2,500 shares of Akoustis Technologies stock. The stock was sold at an average price of $7.99, for a total value of $19,975.00.

NASDAQ AKTS opened at $5.72 on Friday. Akoustis Technologies Inc has a fifty-two week low of $3.40 and a fifty-two week high of $9.00. The business has a 50 day moving average price of $5.74 and a two-hundred day moving average price of $6.51. The company has a debt-to-equity ratio of 0.64, a quick ratio of 12.72 and a current ratio of 12.78.

AKTS has been the subject of a number of analyst reports. Northland Securities upgraded Akoustis Technologies from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 10th. Craig Hallum restated a “buy” rating and issued a $12.00 price target (up previously from $10.00) on shares of Akoustis Technologies in a report on Monday, May 13th. Finally, Zacks Investment Research upgraded Akoustis Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $10.17.

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in shares of Akoustis Technologies during the 2nd quarter valued at approximately $41,000. Willingdon Wealth Management boosted its stake in shares of Akoustis Technologies by 1,952.5% during the 2nd quarter. Willingdon Wealth Management now owns 8,210 shares of the technology company’s stock valued at $53,000 after buying an additional 7,810 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Akoustis Technologies during the 1st quarter valued at approximately $97,000. Wells Fargo & Company MN boosted its stake in shares of Akoustis Technologies by 61.5% during the 2nd quarter. Wells Fargo & Company MN now owns 25,523 shares of the technology company’s stock valued at $163,000 after buying an additional 9,723 shares during the last quarter. Finally, Eagle Asset Management Inc. purchased a new position in shares of Akoustis Technologies during the 2nd quarter valued at approximately $179,000. Institutional investors own 23.30% of the company’s stock.

Akoustis Technologies Company Profile

Akoustis Technologies, Inc, through its subsidiary, Akoustis, Inc, develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industries in the United States. The company operates through two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services; and smart systems technology and commercialization center foundry, as well as manufacturing and microelectromechanical systems foundry services.

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