Akoustis Technologies Inc (NASDAQ:AKTS) VP David Aichele sold 13,000 shares of Akoustis Technologies stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $6.82, for a total value of $88,660.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
David Aichele also recently made the following trade(s):
- On Wednesday, December 20th, David Aichele sold 7,466 shares of Akoustis Technologies stock. The shares were sold at an average price of $6.24, for a total value of $46,587.84.
Akoustis Technologies Inc (NASDAQ:AKTS) traded down $0.23 during trading hours on Friday, hitting $6.12. The company had a trading volume of 196,761 shares, compared to its average volume of 124,921. Akoustis Technologies Inc has a twelve month low of $4.91 and a twelve month high of $14.00.
Separately, Drexel Hamilton began coverage on Akoustis Technologies in a research report on Friday, February 9th. They issued a “buy” rating and a $15.00 target price on the stock.
Several large investors have recently added to or reduced their stakes in AKTS. Vanguard Group Inc. acquired a new stake in shares of Akoustis Technologies in the second quarter valued at about $3,233,000. Financial Advocates Investment Management acquired a new stake in shares of Akoustis Technologies in the fourth quarter valued at about $984,000. Northern Trust Corp acquired a new stake in shares of Akoustis Technologies in the second quarter valued at about $763,000. State Street Corp acquired a new stake in shares of Akoustis Technologies in the second quarter valued at about $650,000. Finally, D.A. Davidson & CO. increased its position in shares of Akoustis Technologies by 154.8% in the third quarter. D.A. Davidson & CO. now owns 79,000 shares of the technology company’s stock valued at $515,000 after acquiring an additional 48,000 shares during the last quarter. 10.18% of the stock is currently owned by institutional investors and hedge funds.
Akoustis Technologies Company Profile
Akoustis Technologies, Inc, formerly Danlax, Corp., is a fabless company engaged in developing, designing and manufacturing radio frequency (RF) filter products for the mobile wireless device industry. The Company operates in the telecommunications and fiber optics sector. The Company is focused on commercializing and manufacturing its Bulk ONE acoustic wave technology to address the critical frequency-selectivity requirements in mobile smartphones.
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