Energous Corporation (NASDAQ:WATT) VP Neeraj Sahejpal sold 2,986 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $33.19, for a total transaction of $99,105.34. Following the completion of the sale, the vice president now directly owns 83,867 shares in the company, valued at approximately $2,783,545.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Neeraj Sahejpal also recently made the following trade(s):
- On Friday, December 28th, Neeraj Sahejpal sold 2,986 shares of Energous stock. The stock was sold at an average price of $33.19, for a total transaction of $99,105.34.
- On Tuesday, December 19th, Neeraj Sahejpal sold 920 shares of Energous stock. The stock was sold at an average price of $9.28, for a total transaction of $8,537.60.
- On Thursday, December 14th, Neeraj Sahejpal sold 1,350 shares of Energous stock. The shares were sold at an average price of $8.72, for a total transaction of $11,772.00.
- On Monday, November 13th, Neeraj Sahejpal sold 2,846 shares of Energous stock. The shares were sold at an average price of $9.35, for a total transaction of $26,610.10.
Shares of Energous Corporation (NASDAQ WATT) traded down $3.02 on Friday, hitting $20.00. 5,210,000 shares of the stock were exchanged, compared to its average volume of 6,140,000. Energous Corporation has a 52 week low of $6.91 and a 52 week high of $33.50. The company has a market cap of $444.27, a P/E ratio of -7.81 and a beta of 1.93.
Energous (NASDAQ:WATT) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.55) by ($0.03). Energous had a negative return on equity of 263.95% and a negative net margin of 4,203.27%. The business had revenue of $0.25 million during the quarter, compared to analyst estimates of $1.20 million. equities research analysts forecast that Energous Corporation will post -2.18 earnings per share for the current year.
Several analysts have recently commented on WATT shares. Ladenburg Thalmann Financial Services increased their price objective on shares of Energous from $20.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. Roth Capital set a $45.80 target price on shares of Energous and gave the stock a “buy” rating in a report on Thursday, December 28th. Zacks Investment Research upgraded shares of Energous from a “sell” rating to a “hold” rating in a report on Saturday. Finally, ValuEngine upgraded shares of Energous from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Energous currently has an average rating of “Hold” and an average target price of $30.93.
Large investors have recently modified their holdings of the company. Nationwide Fund Advisors grew its holdings in shares of Energous by 26.0% during the 2nd quarter. Nationwide Fund Advisors now owns 10,741 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 2,216 shares during the last quarter. Frontier Investment Mgmt Co. bought a new stake in shares of Energous during the 2nd quarter valued at approximately $236,000. SG Americas Securities LLC bought a new stake in shares of Energous during the 3rd quarter valued at approximately $187,000. The Manufacturers Life Insurance Company grew its holdings in shares of 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 valued at $255,000 after purchasing an additional 3,855 shares during the last quarter. Finally, Westside Investment Management Inc. grew its holdings in shares of Energous by 9.1% during the 2nd quarter. Westside Investment Management Inc. now owns 18,025 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors own 38.97% 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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