Resonant Inc (NASDAQ:RESN) CTO Sells $21,403.80 in Stock

Resonant Inc (NASDAQ:RESN) CTO Robert B. Hammond sold 10,340 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $2.07, for a total value of $21,403.80. Following the completion of the sale, the chief technology officer now directly owns 484,965 shares in the company, valued at $1,003,877.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Resonant stock traded up $0.01 during trading hours on Wednesday, hitting $1.77. 226,033 shares of the stock traded hands, compared to its average volume of 216,470. The firm’s 50-day moving average price is $2.25 and its two-hundred day moving average price is $2.57. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.14. The company has a market cap of $57.58 million, a PE ratio of -1.81 and a beta of 2.18. Resonant Inc has a one year low of $0.92 and a one year high of $4.00.

Several research firms recently issued reports on RESN. Needham & Company LLC reissued a “buy” rating and issued a $4.50 target price on shares of Resonant in a research note on Wednesday, November 6th. Zacks Investment Research cut Resonant from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Finally, HC Wainwright reissued a “buy” rating and issued a $4.00 target price on shares of Resonant in a research note on Monday, October 14th.

Institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC boosted its position in Resonant by 34.8% during the 2nd quarter. Private Advisor Group LLC now owns 19,985 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 5,156 shares in the last quarter. Westside Investment Management Inc. bought a new stake in Resonant during the 2nd quarter valued at approximately $199,000. Sigma Planning Corp boosted its position in Resonant by 42.4% during the 2nd quarter. Sigma Planning Corp now owns 248,250 shares of the semiconductor company’s stock valued at $591,000 after acquiring an additional 73,900 shares in the last quarter. BlackRock Inc. boosted its position in Resonant by 441.1% during the 2nd quarter. BlackRock Inc. now owns 354,507 shares of the semiconductor company’s stock valued at $843,000 after acquiring an additional 288,991 shares in the last quarter. Finally, Morgan Stanley boosted its position in Resonant by 142.2% during the 2nd quarter. Morgan Stanley now owns 502,029 shares of the semiconductor company’s stock valued at $1,194,000 after acquiring an additional 294,717 shares in the last quarter. 10.52% of the stock is currently owned by institutional investors and hedge funds.

Resonant Company Profile

Resonant Inc, a late-stage development company, designs and develops filter designs for radio frequency (RF) front-ends used in the mobile device industry in the United States. It uses Infinite Synthesized Networks technology, a software platform that is used to configure and connect resonators, the building blocks of RF filters.

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