Insider Selling: Resonant Inc (NASDAQ:RESN) CFO Sells 16,460 Shares of Stock

Resonant Inc (NASDAQ:RESN) CFO Martin S. Mcdermut sold 16,460 shares of Resonant stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $2.14, for a total value of $35,224.40. Following the transaction, the chief financial officer now directly owns 108,012 shares in the company, valued at approximately $231,145.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of NASDAQ RESN traded up $0.01 during trading hours on Wednesday, hitting $1.77. The stock had a trading volume of 226,033 shares, compared to its average volume of 216,470. The company has a market capitalization of $57.58 million, a P/E ratio of -1.81 and a beta of 2.18. The firm’s 50-day moving average price is $2.25 and its two-hundred day moving average price is $2.57. Resonant Inc has a 52 week low of $0.92 and a 52 week high of $4.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.98 and a current ratio of 2.98.

Several equities analysts have weighed in on RESN shares. Zacks Investment Research cut Resonant from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Needham & Company LLC reissued a “buy” rating and issued a $4.50 price target on shares of Resonant in a research note on Wednesday, November 6th. Finally, HC Wainwright reissued a “buy” rating and issued a $4.00 price target on shares of Resonant in a research note on Monday, October 14th.

Several hedge funds and other institutional investors have recently made changes to their positions in RESN. Private Advisor Group LLC grew its stake in shares of Resonant by 34.8% in the 2nd quarter. Private Advisor Group LLC now owns 19,985 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 5,156 shares in the last quarter. Westside Investment Management Inc. bought a new stake in shares of Resonant in the 2nd quarter valued at approximately $199,000. Sigma Planning Corp grew its stake in shares of Resonant by 42.4% in the 2nd quarter. Sigma Planning Corp now owns 248,250 shares of the semiconductor company’s stock valued at $591,000 after buying an additional 73,900 shares in the last quarter. BlackRock Inc. grew its stake in shares of Resonant by 441.1% in the 2nd quarter. BlackRock Inc. now owns 354,507 shares of the semiconductor company’s stock valued at $843,000 after buying an additional 288,991 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Resonant by 142.2% in the 2nd quarter. Morgan Stanley now owns 502,029 shares of the semiconductor company’s stock valued at $1,194,000 after buying an additional 294,717 shares in the last quarter. 10.52% of the stock is owned by institutional investors and hedge funds.

Resonant Company Profile

Resonant Inc, a late-stage development company, designs and develops filter designs for radio frequency (RF) front-ends used in the mobile device industry in the United States. It uses Infinite Synthesized Networks technology, a software platform that is used to configure and connect resonators, the building blocks of RF filters.

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Insider Buying and Selling by Quarter for Resonant (NASDAQ:RESN)

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