Akoustis Technologies Inc (NASDAQ:AKTS) major shareholder Mark N. Tompkins sold 12,500 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $6.28, for a total transaction of $78,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Akoustis Technologies Inc (NASDAQ AKTS) traded up $0.37 during midday trading on Friday, reaching $6.45. 77,700 shares of the company’s stock traded hands, compared to its average volume of 63,406. Akoustis Technologies Inc has a 1-year low of $4.91 and a 1-year high of $14.00. The company has a market cap of $124.34, a price-to-earnings ratio of -9.77 and a beta of -0.69.

Akoustis Technologies (NASDAQ:AKTS) last issued its quarterly earnings results on Tuesday, November 14th. The technology company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.11). The business had revenue of $0.30 million during the quarter, compared to the consensus estimate of $0.70 million. Akoustis Technologies had a negative return on equity of 115.56% and a negative net margin of 1,462.20%. analysts predict that Akoustis Technologies Inc will post -0.34 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of AKTS. Vanguard Group Inc. bought a new position in shares of Akoustis Technologies in the 2nd quarter worth about $3,233,000. Northern Trust Corp bought a new position in shares of Akoustis Technologies in the 2nd quarter worth about $763,000. State Street Corp bought a new position in shares of Akoustis Technologies in the 2nd quarter worth about $650,000. D.A. Davidson & CO. increased its stake in shares of Akoustis Technologies by 154.8% in the 3rd quarter. D.A. Davidson & CO. now owns 79,000 shares of the technology company’s stock worth $515,000 after acquiring an additional 48,000 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Akoustis Technologies by 504,642.9% in the 3rd quarter. Wells Fargo & Company MN now owns 35,332 shares of the technology company’s stock worth $230,000 after acquiring an additional 35,325 shares in the last quarter. Institutional investors own 10.83% of the company’s stock.

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About Akoustis Technologies

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.

Insider Buying and Selling by Quarter for Akoustis Technologies (NASDAQ:AKTS)

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