Akerna (NASDAQ:KERN) CEO Sells $1,105,500.00 in Stock

Akerna (NASDAQ:KERN) CEO Jessica Billingsley sold 110,000 shares of Akerna stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $10.05, for a total transaction of $1,105,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Jessica Billingsley also recently made the following trade(s):

  • On Tuesday, June 9th, Jessica Billingsley sold 70,000 shares of Akerna stock. The stock was sold at an average price of $10.28, for a total transaction of $719,600.00.

Shares of Akerna stock opened at $9.04 on Friday. Akerna has a twelve month low of $3.16 and a twelve month high of $72.65. The business has a 50-day simple moving average of $8.84.

Akerna (NASDAQ:KERN) last issued its earnings results on Tuesday, May 12th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.23). The firm had revenue of $3.07 million during the quarter. Akerna had a negative net margin of 137.41% and a negative return on equity of 70.41%.

Separately, ValuEngine upgraded shares of Akerna from a “hold” rating to a “buy” rating in a research note on Friday.

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in Akerna by 61.5% during the 1st quarter. Royal Bank of Canada now owns 102,584 shares of the company’s stock worth $525,000 after purchasing an additional 39,054 shares in the last quarter. Alpine Global Management LLC increased its position in Akerna by 50.0% during the 1st quarter. Alpine Global Management LLC now owns 15,000 shares of the company’s stock worth $77,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Creative Planning acquired a new position in Akerna during the 1st quarter worth approximately $65,000. Institutional investors and hedge funds own 3.69% of the company’s stock.

About Akerna

Akerna Corp. operates a technology company in the cannabis space. The company offers MJ Platform and Leaf Data Systems that provide clients and government entities with a central data management system for tracking regulated cannabis products. Akerna Corp. was founded in 2010 and is based in Denver, Colorado.

Read More: CBOE Russell 2000® Volatility Index

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