Akoustis Technologies, Inc. (NASDAQ:AKTS – Get Rating) CEO Jeffrey B. Shealy sold 3,900 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $4.54, for a total transaction of $17,706.00. Following the transaction, the chief executive officer now owns 463,692 shares in the company, valued at approximately $2,105,161.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Akoustis Technologies Stock Down 4.2 %
AKTS stock opened at $4.10 on Friday. Akoustis Technologies, Inc. has a twelve month low of $3.25 and a twelve month high of $10.75. The stock has a market capitalization of $229.45 million, a price-to-earnings ratio of -4.06 and a beta of 1.46. The firm’s fifty day simple moving average is $4.23 and its two-hundred day simple moving average is $4.79.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in AKTS. Advisor Group Holdings Inc. grew its holdings in shares of Akoustis Technologies by 21.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 15,710 shares of the technology company’s stock worth $106,000 after purchasing an additional 2,790 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Akoustis Technologies by 47.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 27,042 shares of the technology company’s stock worth $181,000 after purchasing an additional 8,756 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Akoustis Technologies by 9.0% in the fourth quarter. Northern Trust Corp now owns 446,547 shares of the technology company’s stock worth $2,983,000 after purchasing an additional 36,864 shares during the last quarter. ProShare Advisors LLC bought a new position in shares of Akoustis Technologies in the fourth quarter worth about $71,000. Finally, Raymond James & Associates bought a new position in shares of Akoustis Technologies in the fourth quarter worth about $175,000. 52.22% of the stock is currently owned by 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 industry in the United States. It operates through two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services; and semiconductor wafer-manufacturing and microelectromechanical systems foundry services.
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