Michael Aaron Leabman Sells 4,396 Shares of Energous Corp. (WATT) Stock
Energous Corp. (NASDAQ:WATT) CTO Michael Aaron Leabman sold 4,396 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $14.02, for a total value of $61,631.92. Following the completion of the sale, the chief technology officer now directly owns 119,295 shares of the company’s stock, valued at $1,672,515.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Energous Corp. (NASDAQ:WATT) traded up 0.91% during mid-day trading on Friday, hitting $14.42. The company had a trading volume of 25,671 shares. The firm has a 50-day moving average price of $15.57 and a 200-day moving average price of $13.82. The firm’s market capitalization is $275.85 million. Energous Corp. has a 52 week low of $3.65 and a 52 week high of $20.13.
Energous Corp. (NASDAQ:WATT) last posted its earnings results on Monday, November 7th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.43) by $0.14. The company earned $1 million during the quarter, compared to the consensus estimate of $2.08 million. Equities analysts forecast that Energous Corp. will post ($2.39) earnings per share for the current year.
A number of analysts recently commented on WATT shares. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $15.00 price target on shares of Energous Corp. in a research report on Tuesday, November 8th. Zacks Investment Research downgraded Energous Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 18th.
Hedge funds have recently bought and sold shares of the stock. Creative Planning boosted its stake in 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. American International Group Inc. purchased a new stake in Energous Corp. during the second quarter valued at $110,000. BlackRock Advisors LLC boosted its stake in 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. Thompson Davis & CO. Inc. purchased a new stake in Energous Corp. during the second quarter valued at $113,000. Finally, Nationwide Fund Advisors purchased a new stake in Energous Corp. during the second quarter valued at $122,000. 24.85% of the stock is currently owned by institutional investors and hedge funds.
Energous Corp. Company Profile
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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