George B. Holmes Sells 33,385 Shares of Resonant Inc (NASDAQ:RESN) Stock

Resonant Inc (NASDAQ:RESN) CEO George B. Holmes sold 33,385 shares of Resonant stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $2.11, for a total transaction of $70,442.35. Following the completion of the transaction, the chief executive officer now owns 334,654 shares of the company’s stock, valued at approximately $706,119.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

RESN stock traded up $0.20 during trading on Friday, hitting $1.97. The company had a trading volume of 12,246 shares, compared to its average volume of 216,409. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $2.23 and a 200-day moving average price of $2.57. Resonant Inc has a 12 month low of $0.92 and a 12 month high of $4.00. The stock has a market cap of $64.10 million, a price-to-earnings ratio of -2.01 and a beta of 2.18.

A number of hedge funds have recently bought and sold shares of RESN. Westside Investment Management Inc. bought a new position in Resonant in the 2nd quarter worth approximately $199,000. Sigma Planning Corp raised its position in Resonant by 42.4% in the 2nd quarter. Sigma Planning Corp now owns 248,250 shares of the semiconductor company’s stock worth $591,000 after purchasing an additional 73,900 shares during the last quarter. BlackRock Inc. raised its position in Resonant by 441.1% in the 2nd quarter. BlackRock Inc. now owns 354,507 shares of the semiconductor company’s stock worth $843,000 after purchasing an additional 288,991 shares during the last quarter. Private Advisor Group LLC raised its position in Resonant by 34.8% in the 2nd quarter. Private Advisor Group LLC now owns 19,985 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 5,156 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Resonant by 8.4% in the 2nd quarter. Vanguard Group Inc. now owns 807,528 shares of the semiconductor company’s stock worth $1,922,000 after purchasing an additional 62,341 shares during the last quarter. Hedge funds and other institutional investors own 10.52% of the company’s stock.

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

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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