Resonant Inc (NASDAQ:RESN) VP Neal Fenzi sold 7,129 shares of the company’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $1.70, for a total value of $12,119.30. Following the completion of the sale, the vice president now owns 477,904 shares of the company’s stock, valued at $812,436.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Neal Fenzi also recently made the following trade(s):
- On Wednesday, November 21st, Neal Fenzi sold 1,298 shares of Resonant stock. The shares were sold at an average price of $1.87, for a total value of $2,427.26.
Shares of NASDAQ RESN traded down $0.04 during mid-day trading on Thursday, reaching $1.64. 228,400 shares of the company’s stock were exchanged, compared to its average volume of 301,390. The stock has a market cap of $45.51 million, a PE ratio of -1.30 and a beta of 1.00. Resonant Inc has a 52-week low of $1.61 and a 52-week high of $8.55.
Several brokerages have issued reports on RESN. National Securities restated a “buy” rating and issued a $8.00 target price on shares of Resonant in a report on Monday, August 13th. HC Wainwright set a $8.00 target price on Resonant and gave the company a “buy” rating in a report on Friday, August 10th. Zacks Investment Research cut Resonant from a “hold” rating to a “sell” rating in a report on Thursday, August 16th. Finally, Loop Capital dropped their target price on Resonant to $7.00 and set a “buy” rating for the company in a report on Wednesday, November 14th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Resonant presently has a consensus rating of “Buy” and an average price target of $6.83.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RESN. Northern Trust Corp grew its holdings in shares of Resonant by 122.2% during the 2nd quarter. Northern Trust Corp now owns 47,423 shares of the semiconductor company’s stock worth $267,000 after purchasing an additional 26,076 shares during the period. Sterling Capital Management LLC purchased a new position in shares of Resonant during the 2nd quarter worth $282,000. BlackRock Inc. grew its holdings in shares of Resonant by 107.5% during the 2nd quarter. BlackRock Inc. now owns 67,870 shares of the semiconductor company’s stock worth $383,000 after purchasing an additional 35,159 shares during the period. MYDA Advisors LLC purchased a new position in shares of Resonant during the 2nd quarter worth $485,000. Finally, Sigma Planning Corp grew its holdings in shares of Resonant by 16.1% during the 2nd quarter. Sigma Planning Corp now owns 136,200 shares of the semiconductor company’s stock worth $768,000 after purchasing an additional 18,900 shares during the period. Institutional investors and hedge funds own 19.59% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Dakota Financial News and is owned by of Dakota Financial News. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://dakotafinancialnews.com/2018/12/07/resonant-inc-resn-vp-sells-12119-30-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.
Featured Story: Short Selling – Explanation For Shorting Stocks
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.