Energous Corp (NASDAQ:WATT) VP Cesar Johnston sold 37,000 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $15.88, for a total value of $587,560.00. Following the completion of the transaction, the vice president now directly owns 98,133 shares in the company, valued at $1,558,352.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Energous Corp (NASDAQ:WATT) traded down 2.6781% on Monday, reaching $15.6299. The company had a trading volume of 195,133 shares. Energous Corp has a 1-year low of $7.80 and a 1-year high of $20.55. The stock’s 50 day moving average is $15.48 and its 200-day moving average is $16.32. The stock’s market capitalization is $318.33 million.
Energous Corp (NASDAQ:WATT) last announced its quarterly earnings data on Wednesday, March 8th. The company reported ($0.75) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.54) by $0.21. On average, equities analysts predict that Energous Corp will post ($2.14) EPS for the current fiscal year.
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A number of research firms recently commented on WATT. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Energous Corp in a report on Tuesday, January 24th. Ladenburg Thalmann Financial Services set a $18.00 price target on Energous Corp and gave the stock a “buy” rating in a report on Thursday, March 9th. CIBC reissued a “market perform” rating on shares of Energous Corp in a report on Tuesday, January 24th. Finally, Zacks Investment Research raised Energous Corp from a “sell” rating to a “hold” rating in a report on Friday, March 10th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new position in shares of Energous Corp during the fourth quarter worth $666,000. Advisory Services Network LLC purchased a new position in shares of Energous Corp during the third quarter worth $699,000. Royal Bank of Canada purchased a new position in shares of Energous Corp during the second quarter worth $272,000. Oppenheimer & Co. Inc. purchased a new position in shares of Energous Corp during the third quarter worth $227,000. Finally, State Street Corp raised its position in shares of Energous Corp by 4.2% in the fourth quarter. State Street Corp now owns 229,297 shares of the company’s stock worth $3,862,000 after buying an additional 9,216 shares in the last quarter. 33.11% of the stock is currently owned by institutional investors and hedge funds.
About Energous Corp
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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