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.

Energous Corporation (NASDAQ:WATT) last issued its earnings results on Wednesday, November 8th. The industrial products company reported ($0.58) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.03). The company had revenue of $0.25 million during the quarter, compared to analyst estimates of $1.20 million. Energous Corporation had a negative net margin of 4,203.27% and a negative return on equity of 263.95%. research analysts predict that Energous Corporation will post -2.13 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This article was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/11/15/neeraj-sahejpal-sells-2846-shares-of-energous-corporation-watt-stock.html.

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.

Insider Buying and Selling by Quarter for Energous Corporation (NASDAQ:WATT)

Receive News & Stock Ratings for Energous Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energous Corporation and related stocks with our FREE daily email newsletter.