Akoustis Technologies Inc (OTCMKTS:AKTS) major shareholder Mark N. Tompkins sold 10,000 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $8.60, for a total transaction of $86,000.00. Following the sale, the insider now owns 2,375,706 shares of the company’s stock, valued at approximately $20,431,071.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Akoustis Technologies Inc (OTCMKTS:AKTS) opened at 7.45 on Monday. The firm’s market cap is $138.47 million. Akoustis Technologies Inc has a 52 week low of $3.49 and a 52 week high of $14.00. The company’s 50-day moving average is $9.53 and its 200-day moving average is $8.16.

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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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