Energous Corporation (NASDAQ:WATT) VP Neeraj Sahejpal sold 2,846 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $9.35, for a total transaction of $26,610.10. Following the transaction, the vice president now directly owns 89,123 shares of the company’s stock, valued at $833,300.05. The transaction was disclosed in a legal filing with the SEC, 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.

Energous Corporation (WATT) traded up $0.93 during mid-day trading on Monday, hitting $9.39. 1,156,500 shares of the company’s stock were exchanged, compared to its average volume of 571,782. Energous Corporation has a one year low of $6.91 and a one year high of $20.55.

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

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hood River Capital Management LLC raised its holdings in shares of Energous Corporation by 2.3% in the 2nd quarter. Hood River Capital Management LLC now owns 1,334,815 shares of the industrial products company’s stock worth $21,704,000 after purchasing an additional 30,400 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Energous Corporation by 12.0% in 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 in the last quarter. Morgan Stanley raised its holdings in shares of Energous Corporation by 228.0% in the 1st quarter. Morgan Stanley now owns 287,005 shares of the industrial products company’s stock worth $4,477,000 after purchasing an additional 199,493 shares in the last quarter. State Street Corp raised its holdings in shares of Energous Corporation by 11.4% in 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 in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Energous Corporation by 27.8% in 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 in the last quarter. Institutional investors and hedge funds own 37.70% of the company’s stock.

A number of research firms have commented on WATT. BidaskClub downgraded shares of Energous Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Roth Capital set a $23.00 price target on shares of Energous Corporation and gave the stock a “buy” rating in a research report on Monday, August 7th. Zacks Investment Research upgraded shares of Energous Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Friday, August 11th. Finally, ValuEngine downgraded shares of Energous Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Energous Corporation has an average rating of “Hold” and an average target price of $18.67.

About Energous Corporation

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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