Energous Corp (NASDAQ:WATT) EVP Cesar Johnston Sells 2,578 Shares

Energous Corp (NASDAQ:WATT) EVP Cesar Johnston sold 2,578 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $22.06, for a total transaction of $56,870.68. Following the sale, the executive vice president now owns 146,277 shares of the company’s stock, valued at approximately $3,226,870.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Cesar Johnston also recently made the following trade(s):

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  • 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 transaction 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 transaction of $78,547.35.

WATT opened at $15.82 on Friday. Energous Corp has a 12 month low of $6.91 and a 12 month high of $33.50. The firm has a market capitalization of $368.78, a P/E ratio of -6.85 and a beta of 1.62.

Energous (NASDAQ:WATT) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported ($0.50) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.48) by ($0.02). The firm had revenue of $0.03 million during the quarter, compared to the consensus estimate of $0.27 million. Energous had a negative net margin of 4,278.77% and a negative return on equity of 312.80%. research analysts expect that Energous Corp will post -1.81 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Nationwide Fund Advisors increased its holdings in Energous by 26.0% during 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 in the last quarter. Parametric Portfolio Associates LLC increased its holdings in Energous by 10.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 27,904 shares of the industrial products company’s stock worth $454,000 after purchasing an additional 2,540 shares in the last quarter. California State Teachers Retirement System increased its holdings in Energous by 12.1% during the 2nd quarter. California State Teachers Retirement System now owns 33,381 shares of the industrial products company’s stock worth $543,000 after purchasing an additional 3,600 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Energous by 32.5% during 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 in the last quarter. Finally, Deutsche Bank AG increased its holdings in Energous by 11.6% during the 4th quarter. Deutsche Bank AG now owns 57,372 shares of the industrial products company’s stock worth $1,114,000 after purchasing an additional 5,966 shares in the last quarter. Hedge funds and other institutional investors own 32.89% of the company’s stock.

Several brokerages have commented on WATT. BidaskClub upgraded shares of Energous from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research upgraded shares of Energous from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Friday, March 30th. ValuEngine cut shares of Energous from a “sell” rating to a “strong sell” rating in a research report on Friday, March 23rd. Roth Capital set a $46.00 price objective on shares of Energous and gave the company a “buy” rating in a research report on Monday, February 19th. Finally, National Securities restated a “buy” rating on shares of Energous in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Energous presently has a consensus rating of “Buy” and an average target price of $32.00.

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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.

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

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