Akoustis Technologies Inc (NASDAQ:AKTS) CEO Jeffrey B. Shealy sold 24,863 shares of Akoustis Technologies stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $5.94, for a total value of $147,686.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Akoustis Technologies Inc (NASDAQ AKTS) traded down $0.18 during trading hours on Friday, reaching $6.18. The company’s stock had a trading volume of 66,427 shares, compared to its average volume of 83,199. Akoustis Technologies Inc has a one year low of $4.91 and a one year high of $14.00.

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

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. acquired a new position in Akoustis Technologies in the second quarter valued at approximately $3,233,000. Northern Trust Corp acquired a new position in Akoustis Technologies in the second quarter valued at approximately $763,000. D.A. Davidson & CO. lifted its holdings in Akoustis Technologies by 154.8% in the third quarter. D.A. Davidson & CO. now owns 79,000 shares of the technology company’s stock valued at $515,000 after acquiring an additional 48,000 shares during the period. State Street Corp acquired a new position in Akoustis Technologies in the second quarter valued at approximately $650,000. Finally, EAM Investors LLC lifted its holdings in Akoustis Technologies by 19.0% in the second 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 period. 10.83% of the stock is owned by institutional investors.

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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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