Neeraj Sahejpal Sells 2,846 Shares of Energous Corporation (WATT) Stock
Energous Corporation (NASDAQ:WATT) VP Neeraj Sahejpal sold 2,846 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $9.35, for a total value of $26,610.10. Following the sale, the vice president now directly owns 89,123 shares in the company, valued at $833,300.05. The sale was disclosed in a filing with the SEC, which is available through this link.
Neeraj Sahejpal also recently made the following trade(s):
- On Monday, September 11th, Neeraj Sahejpal sold 9,867 shares of Energous Corporation stock. The shares were sold at an average price of $12.53, for a total value of $123,633.51.
- 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 value of $34,493.55.
Shares of Energous Corporation (NASDAQ:WATT) traded down $0.21 during midday trading on Wednesday, hitting $8.58. The stock had a trading volume of 317,000 shares, compared to its average volume of 531,824. Energous Corporation has a twelve month low of $6.91 and a twelve month high of $20.55.
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A number of equities research analysts have commented on the company. BidaskClub cut 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 Energous Corporation and gave the company a “buy” rating in a report on Monday, August 7th. Zacks Investment Research raised Energous Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Friday, August 11th. Finally, ValuEngine downgraded Energous Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.67.
A number of institutional investors have recently modified their holdings of the business. American International Group Inc. boosted its position in Energous Corporation by 7.1% during the first quarter. American International Group Inc. now owns 9,130 shares of the industrial products company’s stock worth $142,000 after purchasing an additional 607 shares during the period. Nationwide Fund Advisors grew its holdings in shares of Energous Corporation by 26.0% in the second quarter. Nationwide Fund Advisors now owns 10,741 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 2,216 shares during the last quarter. SG Americas Securities LLC bought a new stake in Energous Corporation in the third quarter valued at $187,000. Frontier Investment Mgmt Co. purchased a new position in shares of Energous Corporation in the 2nd quarter worth about $236,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of 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 worth $255,000 after purchasing an additional 3,855 shares during the last quarter. 37.70% of the stock is currently owned by hedge funds and other institutional investors.
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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