Energous Corporation (NASDAQ:WATT) VP Neeraj Sahejpal sold 9,867 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $12.53, for a total value of $123,633.51. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Neeraj Sahejpal also recently made the following trade(s):
- On Monday, August 21st, Neeraj Sahejpal sold 3,705 shares of Energous Corporation stock. The stock was sold at an average price of $9.31, for a total value of $34,493.55.
Shares of Energous Corporation (WATT) traded up 0.64% during mid-day trading on Wednesday, hitting $10.98. The company had a trading volume of 1,712,727 shares. The firm’s 50-day moving average price is $12.16 and its 200 day moving average price is $14.38. The company’s market capitalization is $240.45 million. Energous Corporation has a one year low of $8.91 and a one year high of $20.55.
Energous Corporation (NASDAQ:WATT) last announced its quarterly earnings results on Tuesday, August 8th. The industrial products company reported ($0.63) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.63). Energous Corporation had a negative net margin of 2,495.17% and a negative return on equity of 237.18%. The company had revenue of $0.30 million during the quarter, compared to analyst estimates of $0.43 million. Analysts predict that Energous Corporation will post ($2.37) earnings per share for the current fiscal year.
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Several analysts recently issued reports on WATT shares. Zacks Investment Research upgraded Energous Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Friday, August 11th. Roth Capital set a $23.00 price objective on Energous Corporation and gave the stock a “buy” rating in a report on Monday, August 7th. ValuEngine upgraded Energous Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub lowered Energous Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.75.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. American International Group Inc. boosted its stake in Energous Corporation by 7.1% in the 1st 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. Quantbot Technologies LP boosted its stake in Energous Corporation by 516.9% in the 1st quarter. Quantbot Technologies LP now owns 9,512 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 7,970 shares during the period. Nationwide Fund Advisors boosted its stake in Energous Corporation by 26.0% in the 2nd 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 period. Oppenheimer & Co. Inc. boosted its stake in Energous Corporation by 16.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 11,797 shares of the industrial products company’s stock worth $184,000 after purchasing an additional 1,702 shares during the period. Finally, Westside Investment Management Inc. boosted its stake in Energous Corporation by 103.4% in the 1st quarter. Westside Investment Management Inc. now owns 16,525 shares of the industrial products company’s stock worth $239,000 after purchasing an additional 8,400 shares during the period. 36.84% of the stock is 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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