Energous Corp (NASDAQ:WATT) EVP Cesar Johnston sold 2,578 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $22.06, for a total value of $56,870.68. Following the sale, the executive vice president now owns 146,277 shares in the company, valued at approximately $3,226,870.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Cesar Johnston also recently made the following trade(s):
- On Tuesday, March 6th, Cesar Johnston sold 11,551 shares of Energous stock. The shares were sold at an average price of $21.98, for a total value of $253,890.98.
- On Monday, February 26th, Cesar Johnston sold 3,585 shares of Energous stock. The shares were sold at an average price of $21.91, for a total value of $78,547.35.
Shares of Energous Corp (NASDAQ:WATT) traded down $0.70 during trading on Thursday, hitting $20.16. The stock had a trading volume of 713,064 shares, compared to its average volume of 2,990,367. The firm has a market cap of $450.49, a PE ratio of -8.69 and a beta of 1.40. Energous Corp has a fifty-two week low of $6.91 and a fifty-two week high of $33.50.
Energous (NASDAQ:WATT) last posted its earnings results on Thursday, February 15th. The industrial products company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.02). Energous had a negative net margin of 4,278.77% and a negative return on equity of 288.24%. The business had revenue of $0.03 million during the quarter, compared to analyst estimates of $0.27 million. equities research analysts predict that Energous Corp will post -1.81 earnings per share for the current fiscal year.
WATT has been the topic of several research reports. National Securities restated a “buy” rating on shares of Energous in a research note on Friday, February 16th. ValuEngine upgraded Energous from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Ladenburg Thalmann Financial Services increased their price target on Energous from $20.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded Energous from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Finally, Roth Capital set a $45.80 price target on Energous and gave the stock a “buy” rating in a research report on Thursday, December 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $31.00.
A number of institutional investors and hedge funds have recently bought and sold shares of WATT. Newport Wealth Strategies Inc. bought a new position in Energous during the 4th quarter valued at $261,000. Harvest Capital Strategies LLC bought a new position in Energous during the 4th quarter valued at $3,112,000. Millennium Management LLC boosted its stake in Energous by 534.3% during the 4th quarter. Millennium Management LLC now owns 110,684 shares of the industrial products company’s stock valued at $2,153,000 after purchasing an additional 93,233 shares in the last quarter. Two Sigma Securities LLC bought a new position in Energous during the 4th quarter valued at $204,000. Finally, Deutsche Bank AG boosted its stake in Energous by 11.6% during the 4th quarter. Deutsche Bank AG now owns 57,372 shares of the industrial products company’s stock valued at $1,114,000 after purchasing an additional 5,966 shares in the last quarter. Hedge funds and other institutional investors own 36.56% of the company’s stock.
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Energous Company Profile
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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