Energous Corp (NASDAQ:WATT) EVP Cesar Johnston sold 2,578 shares of the business’s stock in a transaction dated 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 directly owns 146,277 shares of the company’s stock, valued at approximately $3,226,870.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Cesar Johnston also recently made the following trade(s):
- On Tuesday, March 6th, Cesar Johnston sold 11,551 shares of Energous stock. The stock was 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 stock was sold at an average price of $21.91, for a total value of $78,547.35.
Shares of Energous Corp (NASDAQ WATT) traded down $1.18 during midday trading on Friday, reaching $15.25. The company’s stock had a trading volume of 1,252,876 shares, compared to its average volume of 2,810,268. 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 $442.49, a PE ratio of -6.56 and a beta of 1.38.
Energous (NASDAQ:WATT) last announced its quarterly earnings data on Thursday, February 15th. The industrial products company reported ($0.50) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 312.80%. The firm had revenue of $0.03 million for the quarter, compared to analyst estimates of $0.27 million. equities research analysts expect that Energous Corp will post -1.81 EPS for the current fiscal year.
Several brokerages have recently weighed in on WATT. ValuEngine downgraded Energous from a “sell” rating to a “strong sell” rating in a research report on Friday. BidaskClub downgraded Energous from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research downgraded Energous from a “buy” rating to a “hold” rating in a report on Thursday. Roth Capital set a $46.00 price target on Energous and gave the company a “buy” rating in a report on Monday, February 19th. Finally, Ladenburg Thalmann Financial Services increased their price target on Energous from $20.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $33.33.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hood River Capital Management LLC raised its stake in Energous by 29.0% during the fourth quarter. Hood River Capital Management LLC now owns 1,649,853 shares of the industrial products company’s stock valued at $32,090,000 after buying an additional 371,144 shares in the last quarter. BlackRock Inc. raised its position in shares of Energous by 0.7% during the 4th quarter. BlackRock Inc. now owns 1,338,595 shares of the industrial products company’s stock worth $26,037,000 after purchasing an additional 8,844 shares during the period. Vanguard Group Inc. raised its position in shares of Energous by 12.0% during the 2nd quarter. Vanguard Group Inc. now owns 708,654 shares of the industrial products company’s stock worth $11,523,000 after purchasing an additional 75,862 shares during the period. State Street Corp raised its position in shares of Energous by 11.4% during the 2nd quarter. State Street Corp now owns 258,523 shares of the industrial products company’s stock worth $4,203,000 after purchasing an additional 26,538 shares during the period. Finally, Northern Trust Corp raised its position in shares of Energous by 27.8% during the 2nd quarter. Northern Trust Corp now owns 215,155 shares of the industrial products company’s stock worth $3,498,000 after purchasing an additional 46,799 shares during the period. Hedge funds and other institutional investors own 36.49% of the company’s stock.
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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