Insider Selling: Akoustis Technologies Inc (NASDAQ:AKTS) Insider Sells $82,000.00 in Stock

Akoustis Technologies Inc (NASDAQ:AKTS) insider Rohan Houlden sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $8.20, for a total transaction of $82,000.00.

Rohan Houlden also recently made the following trade(s):

  • On Tuesday, July 16th, Rohan Houlden sold 2,500 shares of Akoustis Technologies stock. The stock was sold at an average price of $5.88, for a total transaction of $14,700.00.

NASDAQ:AKTS opened at $7.55 on Thursday. Akoustis Technologies Inc has a 52 week low of $3.40 and a 52 week high of $9.00. The firm has a 50 day moving average of $6.68 and a 200 day moving average of $6.56. The company has a debt-to-equity ratio of 0.70, a current ratio of 9.89 and a quick ratio of 12.72.



A number of large investors have recently bought and sold shares of the stock. HBK Sorce Advisory LLC lifted its position in Akoustis Technologies by 12.4% during the second quarter. HBK Sorce Advisory LLC now owns 36,158 shares of the technology company’s stock valued at $231,000 after acquiring an additional 4,000 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Akoustis Technologies by 3.0% during the second quarter. Commonwealth Equity Services LLC now owns 221,514 shares of the technology company’s stock valued at $1,417,000 after acquiring an additional 6,415 shares during the last quarter. Connors Investor Services Inc. lifted its position in Akoustis Technologies by 17.4% during the second quarter. Connors Investor Services Inc. now owns 43,906 shares of the technology company’s stock valued at $281,000 after acquiring an additional 6,500 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Akoustis Technologies during the second quarter valued at approximately $41,000. Finally, Willingdon Wealth Management lifted its position in Akoustis Technologies by 1,952.5% during the second quarter. Willingdon Wealth Management now owns 8,210 shares of the technology company’s stock valued at $53,000 after acquiring an additional 7,810 shares during the last quarter. 37.99% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on AKTS shares. Zacks Investment Research cut shares of Akoustis Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, August 29th. Northland Securities cut shares of Akoustis Technologies from an “outperform” rating to a “market perform” rating and set a $7.40 price target for the company. in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $9.73.

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.

See Also: Net Margin

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

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