Resonant Inc. (RESN) Insider Robert B. Hammond Sells 5,000 Shares
Resonant Inc. (NASDAQ:RESN) insider Robert B. Hammond sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $6.00, for a total value of $30,000.00. Following the completion of the sale, the insider now owns 372,019 shares of the company’s stock, valued at approximately $2,232,114. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Resonant Inc. (NASDAQ:RESN) traded up $0.54 during trading hours on Friday, reaching $6.49. 424,424 shares of the company were exchanged, compared to its average volume of 74,660. Resonant Inc. has a 52 week low of $3.82 and a 52 week high of $6.53.
A number of brokerages recently issued reports on RESN. Drexel Hamilton reiterated a “buy” rating and issued a $8.00 price target on shares of Resonant in a report on Thursday, November 9th. HC Wainwright reiterated a “buy” rating and issued a $8.00 price target on shares of Resonant in a report on Thursday, November 9th. Finally, Zacks Investment Research raised shares of Resonant from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a research note on Tuesday.
A number of large investors have recently modified their holdings of RESN. Leisure Capital Management raised its stake in Resonant by 25.2% in the second quarter. Leisure Capital Management now owns 64,574 shares of the semiconductor company’s stock worth $286,000 after buying an additional 13,003 shares in the last quarter. Concert Wealth Management Inc. bought a new position in Resonant in the second quarter worth approximately $1,542,000. Westside Investment Management Inc. raised its stake in Resonant by 2.9% in the second quarter. Westside Investment Management Inc. now owns 44,600 shares of the semiconductor company’s stock worth $217,000 after buying an additional 1,250 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Resonant by 195.2% in the third quarter. Stifel Financial Corp now owns 31,000 shares of the semiconductor company’s stock worth $137,000 after buying an additional 20,500 shares in the last quarter. 4.61% of the stock is owned by institutional investors.
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Resonant Company Profile
Resonant Inc is a late-stage development company. The Company creates filter designs for radio frequency (RF) front-ends for the mobile device industry. The RF front-end is the circuitry in a mobile device for analog signal processing and is located between the device’s antenna and its digital baseband.
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