George B. Holmes Sells 5,342 Shares of Resonant Inc (RESN) Stock

Resonant Inc (NASDAQ:RESN) CEO George B. Holmes sold 5,342 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $7.43, for a total transaction of $39,691.06. Following the transaction, the chief executive officer now directly owns 203,454 shares in the company, valued at approximately $1,511,663.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Resonant Inc (NASDAQ:RESN) traded up $0.28 during trading on Thursday, hitting $7.35. 221,400 shares of the stock were exchanged, compared to its average volume of 437,843. Resonant Inc has a 52-week low of $3.82 and a 52-week high of $8.55. The stock has a market cap of $123.35, a P/E ratio of -5.40 and a beta of 1.18.

RESN has been the topic of a number of analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Resonant in a research report on Monday, September 18th. Drexel Hamilton reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Resonant in a research report on Thursday, November 9th. Zacks Investment Research raised shares of Resonant from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a research report on Tuesday, November 21st. Finally, National Securities initiated coverage on shares of Resonant in a research report on Tuesday, December 5th. They issued a “buy” rating and a $14.00 price objective on the stock. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of $8.70.

Several institutional investors have recently modified their holdings of RESN. Concert Wealth Management Inc. purchased a new position in shares of Resonant in the 2nd quarter worth approximately $1,542,000. Westside Investment Management Inc. grew its position in shares of Resonant by 2.9% in the 2nd quarter. Westside Investment Management Inc. now owns 44,600 shares of the semiconductor company’s stock worth $217,000 after buying an additional 1,250 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in Resonant by 195.2% in the 3rd quarter. Stifel Financial Corp now owns 31,000 shares of the semiconductor company’s stock worth $137,000 after purchasing an additional 20,500 shares in the last quarter. 5.15% of the stock is currently owned by hedge funds and other institutional investors.

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About Resonant

Resonant Inc is a late-stage development company. The Company creates filter designs for radio frequency (RF) front-ends for the mobile device industry. The RF front-end is the circuitry in a mobile device for analog signal processing and is located between the device’s antenna and its digital baseband.

Insider Buying and Selling by Quarter for Resonant (NASDAQ:RESN)

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