Brian J. Sereda Sells 1,853 Shares of Energous Corp. (WATT) Stock
Energous Corp. (NASDAQ:WATT) CFO Brian J. Sereda sold 1,853 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $13.85, for a total transaction of $25,664.05. Following the completion of the sale, the chief financial officer now directly owns 70,545 shares of the company’s stock, valued at approximately $977,048.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Energous Corp. (NASDAQ:WATT) traded up 1.89% during mid-day trading on Friday, reaching $14.56. 73,908 shares of the company’s stock were exchanged. Energous Corp. has a 12 month low of $3.65 and a 12 month high of $20.13. The stock has a 50-day moving average of $15.57 and a 200-day moving average of $13.82. The firm’s market cap is $278.53 million.
Energous Corp. (NASDAQ:WATT) last issued its quarterly earnings results on Monday, November 7th. The company reported ($0.57) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.43) by $0.14. The firm had revenue of $1 million for the quarter, compared to the consensus estimate of $2.08 million. Analysts anticipate that Energous Corp. will post ($2.39) earnings per share for the current year.
A number of brokerages recently weighed in on WATT. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $15.00 price target on shares of Energous Corp. in a report on Tuesday, November 8th. Zacks Investment Research lowered shares of Energous Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 18th.
Several hedge funds have recently modified their holdings of WATT. Creative Planning increased its position in shares of Energous Corp. by 258.1% in the third quarter. Creative Planning now owns 5,490 shares of the company’s stock valued at $108,000 after buying an additional 3,957 shares during the last quarter. BlackRock Advisors LLC increased its position in shares of Energous Corp. by 33.2% in the third quarter. BlackRock Advisors LLC now owns 5,722 shares of the company’s stock valued at $112,000 after buying an additional 1,425 shares during the last quarter. American International Group Inc. bought a new position in shares of Energous Corp. during the second quarter valued at approximately $110,000. Thompson Davis & CO. Inc. bought a new position in shares of Energous Corp. during the second quarter valued at approximately $113,000. Finally, Nationwide Fund Advisors bought a new position in shares of Energous Corp. during the second quarter valued at approximately $122,000. 24.85% of the stock is 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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