Resonant Inc (NASDAQ:RESN) CEO George B. Holmes sold 20,712 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $1.70, for a total value of $35,210.40. Following the transaction, the chief executive officer now owns 281,366 shares of the company’s stock, valued at $478,322.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
RESN traded down $0.04 during trading hours on Thursday, hitting $1.64. 228,400 shares of the stock were exchanged, compared to its average volume of 301,390. Resonant Inc has a 12 month low of $1.61 and a 12 month high of $8.55. The stock has a market capitalization of $45.51 million, a PE ratio of -1.29 and a beta of 1.00.
Resonant (NASDAQ:RESN) last announced its quarterly earnings data on Tuesday, November 13th. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.17). Resonant had a negative return on equity of 80.75% and a negative net margin of 4,630.51%. The firm had revenue of $0.12 million for the quarter, compared to analysts’ expectations of $0.50 million. Sell-side analysts predict that Resonant Inc will post -0.89 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Baird Financial Group Inc. lifted its stake in Resonant by 3.7% during the third quarter. Baird Financial Group Inc. now owns 614,330 shares of the semiconductor company’s stock worth $2,365,000 after purchasing an additional 21,886 shares during the last quarter. Institute for Wealth Management LLC. lifted its stake in Resonant by 3.7% during the second quarter. Institute for Wealth Management LLC. now owns 484,565 shares of the semiconductor company’s stock worth $2,733,000 after purchasing an additional 17,504 shares during the last quarter. ClariVest Asset Management LLC bought a new position in Resonant during the second quarter worth $1,008,000. Sigma Planning Corp lifted its stake in Resonant by 16.1% in the second quarter. Sigma Planning Corp now owns 136,200 shares of the semiconductor company’s stock valued at $768,000 after buying an additional 18,900 shares during the last quarter. Finally, MYDA Advisors LLC bought a new stake in Resonant in the second quarter valued at $485,000. Hedge funds and other institutional investors own 19.59% of the company’s stock.
WARNING: “Resonant Inc (RESN) CEO Sells $35,210.40 in Stock” was published by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://dakotafinancialnews.com/2018/12/07/resonant-inc-resn-ceo-sells-35210-40-in-stock.html.
Resonant Inc, a late-stage development company, engages in the development of filter designs for radio frequency (RF) front-ends used in the mobile device industry in the United States. It uses Infinite Synthesized Networks technology to configure and connect resonators, the building blocks of RF filters.
Read More: Yield Curve
Receive News & Ratings for Resonant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resonant and related companies with MarketBeat.com's FREE daily email newsletter.