Akoustis Technologies Inc (AKTS) Director Steven Denbaars Sells 20,254 Shares of Stock

Akoustis Technologies Inc (NASDAQ:AKTS) Director Steven Denbaars sold 20,254 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $6.13, for a total value of $124,157.02. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Akoustis Technologies Inc (NASDAQ:AKTS) opened at $6.37 on Tuesday. Akoustis Technologies Inc has a 12-month low of $4.91 and a 12-month high of $14.00.

How to Become a New Pot Stock Millionaire

A number of large investors have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC bought a new position in shares of Akoustis Technologies in the 2nd quarter worth about $208,000. Northern Trust Corp bought a new position in shares of Akoustis Technologies in the 2nd quarter worth about $763,000. Vanguard Group Inc. bought a new position in shares of Akoustis Technologies in the 2nd quarter worth about $3,233,000. State Street Corp bought a new position in shares of Akoustis Technologies in the 2nd quarter worth about $650,000. Finally, California State Teachers Retirement System bought a new position in shares of Akoustis Technologies in the 2nd quarter worth about $135,000. 12.37% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently issued reports on AKTS shares. Northland Securities reaffirmed a “buy” rating and set a $12.50 target price on shares of Akoustis Technologies in a research report on Tuesday, February 27th. Drexel Hamilton started coverage on Akoustis Technologies in a research report on Friday, February 9th. They set a “buy” rating and a $15.00 target price for the company.

WARNING: This report was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this report on another publication, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this report can be read at https://www.chaffeybreeze.com/2018/03/20/akoustis-technologies-inc-akts-director-steven-denbaars-sells-20254-shares-of-stock.html.

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)

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

Leave a Reply