Insider Selling: Energous Corporation (WATT) VP Sells $123,633.51 in Stock
Energous Corporation (NASDAQ:WATT) VP Neeraj Sahejpal sold 9,867 shares of Energous Corporation stock in a transaction on Monday, September 11th. The shares were sold at an average price of $12.53, for a total transaction of $123,633.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Neeraj Sahejpal also recently made the following trade(s):
- On Monday, August 21st, Neeraj Sahejpal sold 3,705 shares of Energous Corporation stock. The shares were sold at an average price of $9.31, for a total transaction of $34,493.55.
Energous Corporation (NASDAQ WATT) opened at 11.60 on Friday. The stock’s 50 day moving average is $11.80 and its 200-day moving average is $14.30. Energous Corporation has a 52 week low of $8.91 and a 52 week high of $20.55. The firm’s market capitalization is $254.03 million.
Energous Corporation (NASDAQ:WATT) last issued its quarterly earnings data on Tuesday, August 8th. The industrial products company reported ($0.63) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.63). The firm had revenue of $0.30 million for the quarter, compared to the consensus estimate of $0.43 million. Energous Corporation had a negative net margin of 2,495.17% and a negative return on equity of 237.18%. On average, equities research analysts expect that Energous Corporation will post ($2.37) EPS for the current year.
A number of research firms have commented on WATT. ValuEngine upgraded shares of Energous Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of Energous Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Roth Capital set a $23.00 price objective on shares of Energous Corporation and gave the company a “buy” rating in a research note on Monday, August 7th. Finally, Zacks Investment Research upgraded shares of Energous Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Friday, August 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.75.
A number of large investors have recently modified their holdings of the stock. Frontier Investment Mgmt Co. bought a new stake in Energous Corporation in the 2nd quarter valued at about $236,000. Robecosam AG bought a new stake in Energous Corporation in the 2nd quarter valued at about $1,645,000. California State Teachers Retirement System lifted its position in Energous Corporation by 12.1% in the 2nd quarter. California State Teachers Retirement System now owns 33,381 shares of the industrial products company’s stock valued at $543,000 after purchasing an additional 3,600 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Energous Corporation by 32.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,728 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 3,855 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its position in Energous Corporation by 9.1% in the 2nd quarter. Westside Investment Management Inc. now owns 18,025 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 36.84% of the company’s stock.
About Energous Corporation
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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