Energous Corporation (NASDAQ:WATT) insider Michael Aaron Leabman sold 29,610 shares of Energous stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $20.57, for a total transaction of $609,077.70. Following the completion of the transaction, the insider now owns 152,279 shares in the company, valued at approximately $3,132,379.03. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Michael Aaron Leabman also recently made the following trade(s):
- On Thursday, December 27th, Michael Aaron Leabman sold 29,610 shares of Energous stock. The shares were sold at an average price of $20.57, for a total transaction of $609,077.70.
Shares of Energous Corporation (NASDAQ:WATT) opened at $20.00 on Friday. Energous Corporation has a 1 year low of $6.91 and a 1 year high of $33.50.
Energous (NASDAQ:WATT) last released its earnings results on Wednesday, November 8th. The industrial products company reported ($0.58) earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $0.25 million during the quarter, compared to the consensus estimate of $1.20 million. sell-side analysts anticipate that Energous Corporation will post -2.18 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Energous from a “sell” rating to a “hold” rating in a research note on Saturday. Ladenburg Thalmann Financial Services lifted their price target on shares of Energous from $20.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Roth Capital set a $45.80 price target on shares of Energous and gave the stock a “buy” rating in a research note on Thursday, December 28th. Finally, ValuEngine raised shares of Energous from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, four have issued 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 price target of $30.93.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors boosted its stake in 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 period. Frontier Investment Mgmt Co. acquired a new position in Energous during the 2nd quarter valued at about $236,000. SG Americas Securities LLC acquired a new position in Energous during the 3rd quarter valued at about $187,000. The Manufacturers Life Insurance Company boosted its stake 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 valued at $255,000 after purchasing an additional 3,855 shares during the period. Finally, Westside Investment Management Inc. boosted its stake in 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 period. 38.97% of the stock is owned by institutional investors and hedge funds.
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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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