Akoustis Technologies Inc (OTCMKTS:AKTS) major shareholder Mark N. Tompkins sold 11,676 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $6.66, for a total value of $77,762.16. Following the completion of the sale, the insider now directly owns 2,301,676 shares of the company’s stock, valued at approximately $15,329,162.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Shares of Akoustis Technologies Inc (OTCMKTS:AKTS) traded up 4.13% during mid-day trading on Friday, reaching $6.81. The company had a trading volume of 90,861 shares. The stock’s market capitalization is $126.57 million. The firm has a 50-day moving average price of $6.68 and a 200-day moving average price of $6.72. Akoustis Technologies Inc has a 1-year low of $3.91 and a 1-year high of $7.98.

TRADEMARK VIOLATION NOTICE: This story was reported by Daily Political and is the sole property of of Daily Political. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The original version of this story can be read at https://www.dailypolitical.com/2017/09/16/mark-n-tompkins-sells-11676-shares-of-akoustis-technologies-inc-akts-stock.html.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. bought a new position in Akoustis Technologies in the 2nd quarter valued at $3,233,000. Northern Trust Corp bought a new position in Akoustis Technologies in the 2nd quarter valued at $763,000. State Street Corp bought a new position in Akoustis Technologies in the 2nd quarter valued at $650,000. EAM Investors LLC grew its position in Akoustis Technologies by 19.0% in the 2nd quarter. EAM Investors LLC now owns 47,609 shares of the technology company’s stock valued at $416,000 after acquiring an additional 7,590 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in Akoustis Technologies by 82.4% in the 2nd quarter. D.A. Davidson & CO. now owns 31,000 shares of the technology company’s stock valued at $270,000 after acquiring an additional 14,000 shares during the last quarter.

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.

Receive News & Ratings for Akoustis Technologies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akoustis Technologies Inc and related companies with MarketBeat.com's FREE daily email newsletter.