Kenneth Boller Sells 2,000 Shares of Akoustis Technologies Inc (AKTS) Stock

Akoustis Technologies Inc (NASDAQ:AKTS) CFO Kenneth Boller sold 2,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $6.52, for a total value of $13,040.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Kenneth Boller also recently made the following trade(s):

Get Akoustis Technologies alerts: On Thursday, January 24th, Kenneth Boller sold 1,600 shares of Akoustis Technologies stock. The shares were sold at an average price of $6.97, for a total value of $11,152.00.

Shares of NASDAQ:AKTS traded down $0.07 during trading on Wednesday, hitting $6.25. The company had a trading volume of 136,364 shares, compared to its average volume of 210,496. Akoustis Technologies Inc has a one year low of $3.40 and a one year high of $9.50. The company has a quick ratio of 16.79, a current ratio of 16.83 and a debt-to-equity ratio of 0.46.

Akoustis Technologies (NASDAQ:AKTS) last posted its quarterly earnings data on Monday, February 4th. The technology company reported ($0.24) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.24). The business had revenue of $0.32 million during the quarter, compared to analyst estimates of $0.42 million. Akoustis Technologies had a negative return on equity of 134.31% and a negative net margin of 2,327.82%. Research analysts anticipate that Akoustis Technologies Inc will post -1.01 EPS for the current fiscal year.

A number of equities analysts recently commented on AKTS shares. Northland Securities lowered Akoustis Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 5th. Craig Hallum reissued a “buy” rating and set a $10.00 price target (up from $8.00) on shares of Akoustis Technologies in a research note on Tuesday, February 5th. Lake Street Capital started coverage on Akoustis Technologies in a research note on Friday, November 30th. They set a “buy” rating and a $10.00 price target for the company. Finally, Zacks Investment Research raised Akoustis Technologies from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a research note on Thursday, February 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $9.86.

Several large investors have recently bought and sold shares of the company. CQS Cayman LP bought a new stake in shares of Akoustis Technologies in the 3rd quarter valued at approximately $2,469,000. UBS Oconnor LLC bought a new stake in shares of Akoustis Technologies in the 4th quarter valued at approximately $1,138,000. Financial Advocates Investment Management lifted its stake in shares of Akoustis Technologies by 51.5% in the 4th quarter. Financial Advocates Investment Management now owns 220,650 shares of the technology company’s stock valued at $1,097,000 after purchasing an additional 75,000 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Akoustis Technologies by 350.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 193,309 shares of the technology company’s stock valued at $960,000 after purchasing an additional 150,410 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Akoustis Technologies by 123.7% in the 4th quarter. Geode Capital Management LLC now owns 171,869 shares of the technology company’s stock valued at $854,000 after purchasing an additional 95,038 shares during the last quarter. 13.07% of the stock is owned by institutional investors and hedge funds.

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Akoustis Technologies Company Profile

Akoustis Technologies, Inc, through its subsidiary, Akoustis, Inc, develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industries in the United States. The company operates through two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services; and smart systems technology and commercialization center foundry, as well as manufacturing and microelectromechanical systems foundry services.

Further Reading: Return on Equity (ROE)