Brett Moyer Sells 6,553 Shares of WiSA Technologies, Inc. (NASDAQ:WISA) Stock

WiSA Technologies, Inc. (NASDAQ:WISA) insider Brett Moyer sold 6,553 shares of WiSA Technologies stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $1.79, for a total transaction of $11,729.87. Following the transaction, the insider now directly owns 243,295 shares of the company’s stock, valued at approximately $435,498.05. This trade represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Brett Moyer also recently made the following trade(s):

• On Wednesday, November 20th, Brett Moyer sold 84 shares of WiSA Technologies stock. The stock was sold at an average price of $1.98, for a total transaction of $166.32.

WiSA Technologies Price Performance

NASDAQ:WISA opened at $2.30 on Friday. The stock has a 50 day simple moving average of $1.79 and a 200 day simple moving average of $1.99. WiSA Technologies, Inc. has a 1-year low of $1.15 and a 1-year high of $18.75.

Institutional Investors Weigh In On WiSA Technologies

A hedge fund recently bought a new stake in WiSA Technologies stock. Anson Funds Management LP purchased a new stake in WiSA Technologies, Inc. (NASDAQ:WISA) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 353,121 shares of the company’s stock, valued at approximately $625,000. Anson Funds Management LP owned approximately 6.28% of WiSA Technologies as of its most recent filing with the Securities & Exchange Commission. 0.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets lowered their price target on shares of WiSA Technologies from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, December 6th.

WiSA Technologies Company Profile

WiSA Technologies, Inc develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems in the United States and Europe. The company offers wireless modules. It serves primarily to consumer electronics companies. The company was formerly known as Summit Wireless Technologies, Inc and changed its name to WiSA Technologies Inc in March 2022.