Akoustis Technologies Inc (OTCMKTS:AKTS) major shareholder Mark N. Tompkins sold 15,800 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $7.30, for a total transaction of $115,340.00. Following the completion of the transaction, the insider now owns 2,374,906 shares of the company’s stock, valued at $17,336,813.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Akoustis Technologies Inc (AKTS) traded down 5.92% during midday trading on Friday, reaching $6.52. 79,611 shares of the company’s stock were exchanged. Akoustis Technologies Inc has a 12-month low of $3.80 and a 12-month high of $14.00. The stock’s market capitalization is $121.18 million. The stock’s 50-day moving average is $6.63 and its 200-day moving average is $8.58.

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Several hedge funds and other institutional investors have recently bought and sold shares of AKTS. Vanguard Group Inc. purchased a new position in shares of Akoustis Technologies in the second quarter worth $3,233,000. Northern Trust Corp purchased a new position in shares of Akoustis Technologies in the second quarter worth $763,000. State Street Corp purchased a new position in shares of Akoustis Technologies in the second quarter worth $650,000. Bank of New York Mellon Corp purchased a new position in shares of Akoustis Technologies in the second quarter worth $211,000. Finally, TIAA CREF Investment Management LLC purchased a new position in shares of Akoustis Technologies in the second quarter worth $208,000.

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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