Energous Corporation (WATT) VP Sells $34,493.55 in Stock
Energous Corporation (NASDAQ:WATT) VP Neeraj Sahejpal sold 3,705 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $9.31, for a total transaction of $34,493.55. Following the completion of the sale, the vice president now owns 101,115 shares in the company, valued at $941,380.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Neeraj Sahejpal also recently made the following trade(s):
- On Wednesday, June 14th, Neeraj Sahejpal sold 1,615 shares of Energous Corporation stock. The shares were sold at an average price of $15.85, for a total transaction of $25,597.75.
Shares of Energous Corporation (WATT) traded down 4.03% during mid-day trading on Friday, reaching $9.76. 212,612 shares of the company were exchanged. Energous Corporation has a 12 month low of $8.91 and a 12 month high of $20.55. The company’s 50 day moving average price is $13.99 and its 200 day moving average price is $14.84. The firm’s market capitalization is $213.73 million.
Energous Corporation (NASDAQ:WATT) last posted its earnings results on Tuesday, August 8th. The industrial products company reported ($0.63) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.63). Energous Corporation had a negative return on equity of 237.18% and a negative net margin of 2,495.17%. The business had revenue of $0.30 million during the quarter, compared to analysts’ expectations of $0.43 million. Equities analysts anticipate that Energous Corporation will post ($2.37) earnings per share for the current year.
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Several research firms have recently commented on WATT. Zacks Investment Research upgraded shares of Energous Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. BidaskClub lowered shares of Energous Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Ladenburg Thalmann Financial Services restated a “buy” rating and set a $18.00 target price on shares of Energous Corporation in a research report on Thursday, May 11th. ValuEngine upgraded shares of Energous Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Roth Capital set a $23.00 target price on shares of Energous Corporation and gave the stock a “buy” rating in a research report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Energous Corporation currently has a consensus rating of “Hold” and an average price target of $17.75.
A number of hedge funds have recently bought and sold shares of the company. Hood River Capital Management LLC boosted its position in shares of Energous Corporation by 157.6% in the first quarter. Hood River Capital Management LLC now owns 1,304,415 shares of the industrial products company’s stock valued at $20,349,000 after buying an additional 797,966 shares in the last quarter. Doheny Asset Management CA boosted its position in shares of Energous Corporation by 27.8% in the first quarter. Doheny Asset Management CA now owns 969,676 shares of the industrial products company’s stock valued at $15,127,000 after buying an additional 210,876 shares in the last quarter. Morgan Stanley boosted its position in shares of Energous Corporation by 228.0% in the first quarter. Morgan Stanley now owns 287,005 shares of the industrial products company’s stock valued at $4,477,000 after buying an additional 199,493 shares in the last quarter. Robecosam AG acquired a new position in shares of Energous Corporation during the second quarter valued at $1,645,000. Finally, Vanguard Group Inc. boosted its position in shares of Energous Corporation by 12.0% in the second quarter. Vanguard Group Inc. now owns 708,654 shares of the industrial products company’s stock valued at $11,523,000 after buying an additional 75,862 shares in the last quarter. 39.97% of the stock is owned by institutional investors and hedge funds.
Energous Corporation 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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