Energous Corporation (WATT) VP Neeraj Sahejpal Sells 2,846 Shares

Energous Corporation (NASDAQ:WATT) VP Neeraj Sahejpal sold 2,846 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $9.35, for a total transaction of $26,610.10. Following the completion of the sale, the vice president now directly owns 89,123 shares of the company’s stock, valued at approximately $833,300.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Neeraj Sahejpal also recently made the following trade(s):

  • On Monday, September 11th, Neeraj Sahejpal sold 9,867 shares of Energous Corporation stock. The stock was sold at an average price of $12.53, for a total transaction of $123,633.51.
  • On Monday, August 21st, Neeraj Sahejpal sold 3,705 shares of Energous Corporation stock. The stock was sold at an average price of $9.31, for a total transaction of $34,493.55.

Shares of Energous Corporation (WATT) opened at $8.79 on Tuesday. Energous Corporation has a 1-year low of $6.91 and a 1-year high of $20.55.

Energous Corporation (NASDAQ:WATT) last issued its quarterly earnings results on Wednesday, November 8th. The industrial products company reported ($0.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.03). Energous Corporation had a negative net margin of 4,203.27% and a negative return on equity of 263.95%. The business had revenue of $0.25 million during the quarter, compared to analyst estimates of $1.20 million. research analysts anticipate that Energous Corporation will post -2.15 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of WATT. Bank of New York Mellon Corp lifted its holdings in Energous Corporation by 8.6% in the 1st quarter. Bank of New York Mellon Corp now owns 51,881 shares of the industrial products company’s stock valued at $809,000 after acquiring an additional 4,117 shares during the last quarter. American International Group Inc. lifted its holdings in Energous Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 9,130 shares of the industrial products company’s stock valued at $142,000 after acquiring an additional 607 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Energous Corporation by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 632,792 shares of the industrial products company’s stock valued at $9,872,000 after acquiring an additional 27,875 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Energous Corporation by 4.1% in the 1st quarter. Geode Capital Management LLC now owns 129,393 shares of the industrial products company’s stock valued at $2,018,000 after acquiring an additional 5,154 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Energous Corporation by 228.0% in the 1st quarter. Morgan Stanley now owns 287,005 shares of the industrial products company’s stock valued at $4,477,000 after acquiring an additional 199,493 shares during the last quarter. 37.70% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on WATT shares. Roth Capital set a $23.00 price objective on shares of Energous Corporation and gave the stock a “buy” rating in a report on Monday, August 7th. ValuEngine downgraded shares of Energous Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Energous Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 19th. Finally, BidaskClub downgraded shares of Energous Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Energous Corporation has a consensus rating of “Hold” and an average target price of $18.67.

Energous Corporation 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.

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

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