Insider Selling: Akoustis Technologies Inc (AKTS) VP Sells $46,587.84 in Stock

Akoustis Technologies Inc (NASDAQ:AKTS) VP David Aichele sold 7,466 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $6.24, for a total value of $46,587.84. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Akoustis Technologies Inc (AKTS) traded down $0.18 on Friday, reaching $6.18. The company had a trading volume of 66,427 shares, compared to its average volume of 83,199. Akoustis Technologies Inc has a 52-week low of $4.91 and a 52-week high of $14.00.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System bought a new position in Akoustis Technologies during the 2nd quarter worth $135,000. IHT Wealth Management LLC bought a new position in Akoustis Technologies during the 2nd quarter worth $133,000. Schwab Charles Investment Management Inc. bought a new position in Akoustis Technologies during the 2nd quarter worth $185,000. Commonwealth Equity Services Inc bought a new position in Akoustis Technologies during the 3rd quarter worth $150,000. Finally, TIAA CREF Investment Management LLC bought a new position in Akoustis Technologies during the 2nd quarter worth $208,000. Hedge funds and other institutional investors own 10.83% of the company’s stock.

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About Akoustis Technologies

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.

Insider Buying and Selling by Quarter for Akoustis Technologies (NASDAQ:AKTS)

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