12,075 Shares in Akoustis Technologies, Inc. (NASDAQ:AKTS) Acquired by AE Wealth Management LLC

AE Wealth Management LLC bought a new position in Akoustis Technologies, Inc. (NASDAQ:AKTSGet Rating) in the second quarter, according to its most recent filing with the SEC. The firm bought 12,075 shares of the technology company’s stock, valued at approximately $45,000.

A number of other institutional investors also recently bought and sold shares of AKTS. Hoylecohen LLC boosted its stake in Akoustis Technologies by 84.7% in the 1st quarter. Hoylecohen LLC now owns 25,302 shares of the technology company’s stock worth $164,000 after purchasing an additional 11,600 shares in the last quarter. Hohimer Wealth Management LLC acquired a new stake in Akoustis Technologies during the 1st quarter valued at approximately $65,000. Envestnet Asset Management Inc. lifted its stake in Akoustis Technologies by 20.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 28,058 shares of the technology company’s stock valued at $182,000 after acquiring an additional 4,826 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in Akoustis Technologies by 6.1% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 291,734 shares of the technology company’s stock valued at $1,896,000 after acquiring an additional 16,750 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in Akoustis Technologies by 19.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 405,962 shares of the technology company’s stock valued at $2,638,000 after acquiring an additional 65,675 shares during the period. 52.22% of the stock is currently owned by institutional investors and hedge funds.

Akoustis Technologies Stock Performance

Shares of NASDAQ AKTS opened at $3.12 on Thursday. The company has a current ratio of 7.25, a quick ratio of 6.92 and a debt-to-equity ratio of 0.42. The stock has a market cap of $178.55 million, a price-to-earnings ratio of -2.84 and a beta of 1.56. The company has a 50 day simple moving average of $3.21 and a two-hundred day simple moving average of $3.80. Akoustis Technologies, Inc. has a 12 month low of $2.28 and a 12 month high of $8.13.

Akoustis Technologies (NASDAQ:AKTSGet Rating) last posted its earnings results on Monday, September 12th. The technology company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.07). The firm had revenue of $5.20 million for the quarter, compared to analysts’ expectations of $6.18 million. Akoustis Technologies had a negative net margin of 384.62% and a negative return on equity of 43.81%. As a group, analysts predict that Akoustis Technologies, Inc. will post -0.71 earnings per share for the current year.

Analyst Ratings Changes

Separately, Piper Sandler decreased their price objective on shares of Akoustis Technologies from $7.00 to $5.00 and set an “overweight” rating for the company in a research note on Tuesday, September 13th.

Insider Activity

In related news, Director Steven Denbaars sold 7,000 shares of the business’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $3.90, for a total value of $27,300.00. Following the completion of the sale, the director now owns 243,545 shares of the company’s stock, valued at approximately $949,825.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 23,880 shares of company stock valued at $103,177 in the last three months. 5.40% of the stock is currently owned by corporate insiders.

Akoustis Technologies Profile

(Get Rating)

Akoustis Technologies, Inc, through its subsidiary, Akoustis, Inc, designs, develops, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States, Asia, Europe, and internationally. It operates through two segments, Foundry Fabrication Services and RF Filters.

Read More

Want to see what other hedge funds are holding AKTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Akoustis Technologies, Inc. (NASDAQ:AKTSGet Rating).

Institutional Ownership by Quarter for Akoustis Technologies (NASDAQ:AKTS)

Receive News & Ratings for Akoustis Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akoustis Technologies and related companies with MarketBeat.com's FREE daily email newsletter.