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

Akoustis Technologies Inc (NASDAQ:AKTS) VP David Aichele sold 1,900 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $7.63, for a total value of $14,497.00.

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

  • On Monday, October 7th, David Aichele sold 10,250 shares of Akoustis Technologies stock. The stock was sold at an average price of $7.74, for a total value of $79,335.00.
  • On Friday, September 27th, David Aichele sold 1,400 shares of Akoustis Technologies stock. The stock was sold at an average price of $7.74, for a total value of $10,836.00.

AKTS stock opened at $7.64 on Tuesday. Akoustis Technologies Inc has a 52-week low of $4.60 and a 52-week high of $9.00. The stock’s fifty day simple moving average is $7.79 and its 200-day simple moving average is $7.01. The company has a debt-to-equity ratio of 1.03, a quick ratio of 8.97 and a current ratio of 9.01.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Akoustis Technologies by 979.0% in the second quarter. BlackRock Inc. now owns 1,638,142 shares of the technology company’s stock valued at $10,484,000 after acquiring an additional 1,486,322 shares during the last quarter. Blackcrane Capital LLC acquired a new position in Akoustis Technologies in the second quarter valued at $4,440,000. River & Mercantile Asset Management LLP acquired a new position in Akoustis Technologies in the second quarter valued at $1,871,000. Vanguard Group Inc. boosted its holdings in Akoustis Technologies by 15.1% in the second quarter. Vanguard Group Inc. now owns 1,241,285 shares of the technology company’s stock valued at $7,944,000 after acquiring an additional 163,067 shares during the last quarter. Finally, FNY Investment Advisers LLC boosted its holdings in Akoustis Technologies by 157.8% in the second quarter. FNY Investment Advisers LLC now owns 202,957 shares of the technology company’s stock valued at $1,298,000 after acquiring an additional 124,218 shares during the last quarter. Institutional investors and hedge funds own 31.15% of the company’s stock.

Several equities research analysts have recently issued reports on AKTS shares. Oppenheimer set a $10.00 price objective on Akoustis Technologies and gave the stock a “buy” rating in a report on Wednesday, September 18th. Northland Securities restated a “hold” rating and set a $7.40 price objective on shares of Akoustis Technologies in a report on Friday, November 8th. Zacks Investment Research cut Akoustis Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, BidaskClub cut Akoustis Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $9.73.

Akoustis Technologies Company Profile

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.

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

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