Akoustis Technologies Inc (OTCMKTS:AKTS) major shareholder Mark N. Tompkins sold 11,676 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $6.66, for a total value of $77,762.16. Following the sale, the insider now owns 2,301,676 shares in the company, valued at $15,329,162.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of Akoustis Technologies Inc (OTCMKTS:AKTS) opened at 6.81 on Friday. The stock’s market capitalization is $126.57 million. The stock has a 50 day moving average price of $6.68 and a 200 day moving average price of $6.72. Akoustis Technologies Inc has a one year low of $3.91 and a one year high of $7.98.

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Several hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System purchased a new stake in shares of Akoustis Technologies during the 2nd quarter valued at approximately $135,000. IHT Wealth Management LLC purchased a new stake in shares of Akoustis Technologies during the 2nd quarter valued at approximately $133,000. State Street Corp purchased a new stake in shares of Akoustis Technologies during the 2nd quarter valued at approximately $650,000. EAM Investors LLC raised its position in shares of Akoustis Technologies by 19.0% during 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 period. Finally, Vanguard Group Inc. purchased a new stake in shares of Akoustis Technologies during the 2nd quarter valued at approximately $3,233,000.

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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