Akoustis Technologies Inc (AKTS) Major Shareholder Sells $77,762.16 in Stock

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

Akoustis Technologies Inc (AKTS) traded down 2.67% on Thursday, reaching $6.56. The company had a trading volume of 37,014 shares. The stock’s market capitalization is $121.92 million. The firm has a 50 day moving average price of $6.64 and a 200-day moving average price of $6.65. Akoustis Technologies Inc has a 12 month low of $3.91 and a 12 month high of $7.98.

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Large investors have recently bought and sold shares of the company. California State Teachers Retirement System bought a new position in Akoustis Technologies during the second quarter worth about $135,000. IHT Wealth Management LLC bought a new position in Akoustis Technologies during the second quarter worth about $133,000. State Street Corp bought a new position in Akoustis Technologies during the second quarter worth about $650,000. EAM Investors LLC lifted its holdings in Akoustis Technologies by 19.0% during the second quarter. EAM Investors LLC now owns 47,609 shares of the technology company’s stock worth $416,000 after acquiring an additional 7,590 shares in the last quarter. Finally, Vanguard Group Inc. bought a new position in Akoustis Technologies during the second quarter worth about $3,233,000.

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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