Cesar Johnston Sells 11,551 Shares of Energous Corp (WATT) Stock

Energous Corp (NASDAQ:WATT) EVP Cesar Johnston sold 11,551 shares of the stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $21.98, for a total transaction of $253,890.98. Following the sale, the executive vice president now owns 73,855 shares in the company, valued at approximately $1,623,332.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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  • 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 transaction of $78,547.35.

Shares of Energous Corp (NASDAQ:WATT) opened at $21.95 on Friday. Energous Corp has a 12 month low of $6.91 and a 12 month high of $33.50. The company has a market cap of $491.62, a P/E ratio of -9.46 and a beta of 1.40.

Energous (NASDAQ:WATT) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported ($0.50) EPS for the quarter, missing the 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 288.24%. The firm had revenue of $0.03 million during the quarter, compared to analyst estimates of $0.27 million. research analysts forecast that Energous Corp will post -1.81 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in WATT. Alliancebernstein L.P. acquired a new stake in shares of Energous in the second quarter valued at approximately $296,000. Teachers Advisors LLC increased its stake in shares of Energous by 17.1% during the second quarter. Teachers Advisors LLC now owns 33,439 shares of the industrial products company’s stock valued at $544,000 after acquiring an additional 4,872 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Energous by 19.7% during the second quarter. TIAA CREF Investment Management LLC now owns 48,828 shares of the industrial products company’s stock valued at $794,000 after acquiring an additional 8,027 shares during the period. Nationwide Fund Advisors increased its stake in shares of Energous by 26.0% during the second quarter. Nationwide Fund Advisors now owns 10,741 shares of the industrial products company’s stock valued at $175,000 after acquiring an additional 2,216 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of Energous by 44.3% during the second quarter. New York State Common Retirement Fund now owns 21,500 shares of the industrial products company’s stock valued at $350,000 after acquiring an additional 6,599 shares during the period. Institutional investors own 36.56% of the company’s stock.

Several brokerages have commented on WATT. ValuEngine upgraded shares of Energous from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Roth Capital set a $46.00 price target on shares of Energous and gave the company a “buy” rating in a research note on Monday, February 19th. Ladenburg Thalmann Financial Services raised their price target on shares of Energous from $20.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Energous from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Finally, National Securities restated a “buy” rating on shares of Energous in a research note on Friday, February 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $31.00.

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About Energous

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 (NASDAQ:WATT)

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