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

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

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

  • On Tuesday, July 16th, David Aichele sold 2,400 shares of Akoustis Technologies stock. The shares were 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 shares were sold at an average price of $7.99, for a total value of $19,975.00.

Shares of AKTS traded up $0.01 during trading hours on Wednesday, reaching $5.86. 275,800 shares of the company traded hands, compared to its average volume of 376,338. The company has a quick ratio of 12.72, a current ratio of 12.78 and a debt-to-equity ratio of 0.64. Akoustis Technologies Inc has a fifty-two week low of $3.40 and a fifty-two week high of $9.00. The company’s fifty day moving average price is $5.75.

Several institutional investors and hedge funds have recently bought and sold shares of AKTS. BlackRock Inc. boosted its stake in shares of Akoustis Technologies by 979.0% during the second quarter. BlackRock Inc. now owns 1,638,142 shares of the technology company’s stock valued at $10,484,000 after acquiring an additional 1,486,322 shares during the last quarter. Blackcrane Capital LLC acquired a new stake in shares of Akoustis Technologies during the second quarter valued at $4,440,000. Vanguard Group Inc. lifted its position in Akoustis Technologies by 15.1% during the second quarter. Vanguard Group Inc. now owns 1,241,285 shares of the technology company’s stock worth $7,944,000 after buying an additional 163,067 shares during the period. FNY Investment Advisers LLC lifted its position in Akoustis Technologies by 157.8% during the second quarter. FNY Investment Advisers LLC now owns 202,957 shares of the technology company’s stock worth $1,298,000 after buying an additional 124,218 shares during the period. Finally, Geode Capital Management LLC lifted its position in Akoustis Technologies by 123.7% during the fourth quarter. Geode Capital Management LLC now owns 171,869 shares of the technology company’s stock worth $854,000 after buying an additional 95,038 shares during the period. 23.30% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently commented on the company. Craig Hallum reaffirmed a “buy” rating and set a $12.00 price objective (up previously from $10.00) on shares of Akoustis Technologies in a research note on Monday, May 13th. Northland Securities raised Akoustis Technologies from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 10th. Finally, Zacks Investment Research raised Akoustis Technologies from a “sell” rating to a “hold” rating in a research note 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. Akoustis Technologies presently has a consensus rating of “Buy” and an average price target of $10.17.

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.

Recommended Story: Trade Deficit

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

Receive News & Ratings for Akoustis Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akoustis Technologies and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit