Insider Selling: Energous Corp (NASDAQ:WATT) COO Sells 22,306 Shares of Stock

Energous Corp (NASDAQ:WATT) COO Cesar Johnston sold 22,306 shares of Energous stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $2.01, for a total transaction of $44,835.06. Following the completion of the sale, the chief operating officer now directly owns 271,227 shares in the company, valued at approximately $545,166.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Friday, November 15th, Cesar Johnston sold 6,375 shares of Energous stock. The shares were sold at an average price of $2.10, for a total transaction of $13,387.50.
  • On Friday, September 27th, Cesar Johnston sold 4,063 shares of Energous stock. The shares were sold at an average price of $3.32, for a total transaction of $13,489.16.

Shares of NASDAQ WATT traded up $0.03 during midday trading on Wednesday, hitting $1.96. The company had a trading volume of 346,539 shares, compared to its average volume of 600,398. The company has a quick ratio of 6.54, a current ratio of 6.54 and a debt-to-equity ratio of 0.08. Energous Corp has a twelve month low of $1.88 and a twelve month high of $11.54. The business has a 50-day simple moving average of $2.55 and a two-hundred day simple moving average of $3.61. The firm has a market capitalization of $66.15 million, a price-to-earnings ratio of -0.98 and a beta of 1.67.

Energous (NASDAQ:WATT) last announced its quarterly earnings data on Thursday, November 7th. The industrial products company reported ($0.27) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.03. Energous had a negative net margin of 19,557.08% and a negative return on equity of 164.30%. The firm had revenue of $0.04 million during the quarter, compared to analysts’ expectations of $0.40 million. On average, equities analysts forecast that Energous Corp will post -1.25 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in WATT. Usca Ria LLC lifted its stake in shares of Energous by 26.9% in the second quarter. Usca Ria LLC now owns 239,800 shares of the industrial products company’s stock valued at $1,048,000 after purchasing an additional 50,900 shares during the period. Brave Asset Management Inc. lifted its stake in shares of Energous by 182.3% in the second quarter. Brave Asset Management Inc. now owns 33,130 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 21,395 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Energous by 16.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 63,234 shares of the industrial products company’s stock valued at $277,000 after purchasing an additional 9,017 shares during the period. M&T Bank Corp lifted its stake in shares of Energous by 96.2% in the second quarter. M&T Bank Corp now owns 30,010 shares of the industrial products company’s stock valued at $131,000 after purchasing an additional 14,713 shares during the period. Finally, Bluestein R H & Co. acquired a new stake in shares of Energous in the second quarter valued at about $219,000. Hedge funds and other institutional investors own 24.09% of the company’s stock.

Several analysts have recently weighed in on WATT shares. Zacks Investment Research raised shares of Energous from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a report on Saturday, November 9th. Roth Capital lowered their target price on shares of Energous from $8.20 to $7.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $5.58.

About Energous

Energous Corporation develops wire-free charging solutions. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency based wire-free charging for electronic devices. It has a collaboration with vivo Global to explore integrating WattUp into smartphone designs that charge wirelessly over-the-air.

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

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