Energous Corporation (NASDAQ:WATT) VP Neeraj Sahejpal sold 1,615 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $15.85, for a total value of $25,597.75. Following the transaction, the vice president now directly owns 104,820 shares of the company’s stock, valued at approximately $1,661,397. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Energous Corporation (WATT) traded down 1.44% during trading on Friday, hitting $15.72. The stock had a trading volume of 279,229 shares. Energous Corporation has a 52 week low of $9.86 and a 52 week high of $20.55. The company has a 50-day moving average of $14.93 and a 200-day moving average of $15.65. The stock’s market capitalization is $324.07 million.
Energous Corporation (NASDAQ:WATT) last posted its quarterly earnings data on Wednesday, May 10th. The industrial products company reported ($0.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by $0.05. The business had revenue of $0.58 million for the quarter, compared to the consensus estimate of $0.50 million. Energous Corporation had a negative net margin of 2,511.58% and a negative return on equity of 224.53%. On average, equities analysts expect that Energous Corporation will post ($2.26) earnings per share for the current fiscal year.
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A number of research firms have recently commented on WATT. ValuEngine raised Energous Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised Energous Corporation from a “sell” rating to a “hold” rating in a report on Friday, March 10th. Ladenburg Thalmann Financial Services set a $18.00 price target on Energous Corporation and gave the stock a “buy” rating in a report on Thursday, March 9th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Energous Corporation in a report on Monday, March 13th. Finally, Roth Capital set a $23.00 price target on Energous Corporation and gave the stock a “buy” rating in a report on Thursday, May 11th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $19.00.
Large investors have recently bought and sold shares of the stock. Hood River Capital Management LLC raised its stake in 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 raised its stake in 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 raised its stake in 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. OZ Management LP raised its stake in Energous Corporation by 1,476.0% in the first quarter. OZ Management LP now owns 68,800 shares of the industrial products company’s stock valued at $1,073,000 after buying an additional 73,800 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in Energous Corporation during the fourth quarter valued at about $666,000. 40.40% of the stock is owned by 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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