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

Akoustis Technologies Inc (NASDAQ:AKTS) VP David Aichele sold 1,900 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $5.49, for a total value of $10,431.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

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

NASDAQ:AKTS traded down $0.11 during trading hours on Thursday, hitting $5.75. 2,094 shares of the stock were exchanged, compared to its average volume of 368,828. The company’s 50 day moving average is $5.75. Akoustis Technologies Inc has a twelve month low of $3.40 and a twelve month high of $9.00. The company has a debt-to-equity ratio of 0.64, a quick ratio of 12.72 and a current ratio of 12.78.



A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Akoustis Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. 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 report on Monday, May 13th. Finally, Northland Securities raised Akoustis Technologies from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $10.17.

A number of large investors have recently bought and sold shares of AKTS. BlackRock Inc. lifted its holdings in Akoustis Technologies by 979.0% during the 2nd quarter. BlackRock Inc. now owns 1,638,142 shares of the technology company’s stock worth $10,484,000 after buying an additional 1,486,322 shares in the last quarter. Blackcrane Capital LLC acquired a new position in Akoustis Technologies during the 2nd quarter worth $4,440,000. Vanguard Group Inc. lifted its stake in shares of Akoustis Technologies by 15.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,241,285 shares of the technology company’s stock valued at $7,944,000 after purchasing an additional 163,067 shares during the period. FNY Investment Advisers LLC lifted its stake in shares of Akoustis Technologies by 157.8% in the 2nd quarter. FNY Investment Advisers LLC now owns 202,957 shares of the technology company’s stock valued at $1,298,000 after purchasing an additional 124,218 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Akoustis Technologies by 123.7% in the 4th quarter. Geode Capital Management LLC now owns 171,869 shares of the technology company’s stock valued at $854,000 after purchasing an additional 95,038 shares during the period. 23.30% of the stock is currently owned by hedge funds and other institutional investors.

About Akoustis Technologies

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.

Featured Story: Stock Symbol

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.