Resonant Inc. (RESN) CEO George B. Holmes Sells 6,615 Shares

Resonant Inc. (NASDAQ:RESN) CEO George B. Holmes sold 6,615 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $7.21, for a total transaction of $47,694.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Resonant Inc. (NASDAQ RESN) traded up $0.30 during trading on Wednesday, hitting $7.47. 265,500 shares of the stock were exchanged, compared to its average volume of 88,969. Resonant Inc. has a twelve month low of $3.82 and a twelve month high of $8.06.

Several institutional investors have recently modified their holdings of the company. Concert Wealth Management Inc. acquired a new position in shares of Resonant during the second quarter worth about $1,542,000. Leisure Capital Management increased its stake in shares of Resonant by 25.2% during the second quarter. Leisure Capital Management now owns 64,574 shares of the semiconductor company’s stock worth $286,000 after acquiring an additional 13,003 shares during the period. Westside Investment Management Inc. increased its stake in shares of Resonant by 2.9% during the second quarter. Westside Investment Management Inc. now owns 44,600 shares of the semiconductor company’s stock worth $217,000 after acquiring an additional 1,250 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of Resonant by 195.2% during the third quarter. Stifel Financial Corp now owns 31,000 shares of the semiconductor company’s stock worth $137,000 after acquiring an additional 20,500 shares during the period. Institutional investors and hedge funds own 5.15% of the company’s stock.

RESN has been the topic of a number of recent analyst reports. HC Wainwright reiterated a “buy” rating and set a $8.00 price target on shares of Resonant in a research note on Thursday, November 9th. Zacks Investment Research upgraded shares of Resonant from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research note on Tuesday, November 21st. National Securities initiated coverage on shares of Resonant in a research note on Tuesday. They set a “buy” rating and a $14.00 price target on the stock. Finally, Drexel Hamilton reiterated a “buy” rating and set a $8.00 price target on shares of Resonant in a research note on Thursday, November 9th. Five equities research analysts have rated the stock with a buy rating, Resonant presently has a consensus rating of “Buy” and an average price target of $8.70.

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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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