Mark N. Tompkins Sells 11,676 Shares of Akoustis Technologies Inc (AKTS) Stock
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.
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.
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