Energous Corp. (NASDAQ:WATT) VP Cesar Johnston sold 58,164 shares of Energous Corp. stock in a transaction on Friday, November 11th. The stock was sold at an average price of $14.26, for a total value of $829,418.64. Following the transaction, the vice president now owns 162,848 shares in the company, valued at approximately $2,322,212.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Energous Corp. (NASDAQ:WATT) opened at 13.81 on Tuesday. The firm’s market capitalization is $235.36 million. Energous Corp. has a 52-week low of $3.65 and a 52-week high of $20.13. The firm has a 50-day moving average price of $15.92 and a 200 day moving average price of $13.78.

Energous Corp. (NASDAQ:WATT) last posted its earnings results on Monday, November 7th. The company reported ($0.57) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.43) by $0.14. The business earned $1 million during the quarter, compared to the consensus estimate of $2.08 million. Analysts forecast that Energous Corp. will post ($2.39) EPS for the current year.

Several analysts recently issued reports on the stock. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $15.00 price objective (up from $13.00) on shares of Energous Corp. in a report on Tuesday, August 16th. Zacks Investment Research lowered shares of Energous Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 18th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $14.75.

A number of hedge funds have recently bought and sold shares of WATT. Cadence Capital Management LLC raised its stake in Energous Corp. by 68.8% in the second quarter. Cadence Capital Management LLC now owns 41,270 shares of the company’s stock valued at $534,000 after buying an additional 16,820 shares during the period. California State Teachers Retirement System purchased a new stake in Energous Corp. during the second quarter valued at $402,000. Bank of New York Mellon Corp raised its stake in Energous Corp. by 165.6% in the second quarter. Bank of New York Mellon Corp now owns 46,260 shares of the company’s stock valued at $600,000 after buying an additional 28,843 shares during the period. Hood River Capital Management LLC purchased a new stake in Energous Corp. during the second quarter valued at $7,732,000. Finally, Thompson Davis & CO. Inc. purchased a new stake in Energous Corp. during the second quarter valued at $113,000. 24.85% of the stock is currently owned by institutional investors.

About Energous Corp.

Energous Corporation is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware designs and antennas that can enable radio frequency (RF)-based wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control.

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