Akoustis Technologies Inc (NASDAQ:AKTS) Major Shareholder Mark N. Tompkins Sells 24,513 Shares of Stock

Akoustis Technologies Inc (NASDAQ:AKTS) major shareholder Mark N. Tompkins sold 24,513 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $6.26, for a total value of $153,451.38. The sale was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Akoustis Technologies Inc (NASDAQ AKTS) opened at $6.46 on Friday. Akoustis Technologies Inc has a 1 year low of $4.91 and a 1 year high of $14.00.

Akoustis Technologies (NASDAQ:AKTS) last announced its 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 firm had revenue of $0.30 million during the quarter, compared to analyst estimates of $0.70 million. sell-side analysts expect that Akoustis Technologies Inc will post -0.38 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. EAM Investors LLC raised its position in Akoustis Technologies by 19.0% in the 2nd quarter. EAM Investors LLC now owns 47,609 shares of the technology company’s stock valued at $416,000 after buying an additional 7,590 shares during the last quarter. D.A. Davidson & CO. raised its position in Akoustis Technologies by 82.4% in the 2nd quarter. D.A. Davidson & CO. now owns 31,000 shares of the technology company’s stock valued at $270,000 after buying an additional 14,000 shares during the last quarter. California State Teachers Retirement System acquired a new stake in Akoustis Technologies in the 2nd quarter valued at approximately $135,000. IHT Wealth Management LLC acquired a new stake in Akoustis Technologies in the 2nd quarter valued at approximately $133,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Akoustis Technologies in the 2nd quarter valued at approximately $185,000. 10.83% of the stock is currently owned by institutional investors and hedge funds.

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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.

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