Energous Corp (NASDAQ:WATT) VP Neeraj Sahejpal sold 5,850 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $3.58, for a total value of $20,943.00. Following the completion of the transaction, the vice president now owns 151,609 shares in the company, valued at $542,760.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of NASDAQ:WATT opened at $3.48 on Thursday. The stock’s fifty day simple moving average is $4.06 and its two-hundred day simple moving average is $5.34. Energous Corp has a 1-year low of $3.41 and a 1-year high of $13.60. The stock has a market cap of $106.63 million, a PE ratio of -1.75 and a beta of 1.73.

Energous (NASDAQ:WATT) last announced its earnings results on Thursday, August 8th. The industrial products company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.05. Energous had a negative return on equity of 172.39% and a negative net margin of 11,509.27%. The firm had revenue of $0.05 million during the quarter, compared to analyst estimates of $0.12 million. Equities research analysts forecast that Energous Corp will post -1.34 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC grew its stake in Energous by 6.8% in the second quarter. Parametric Portfolio Associates LLC now owns 41,671 shares of the industrial products company’s stock worth $182,000 after purchasing an additional 2,659 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Energous by 13.6% in the first quarter. Oppenheimer & Co. Inc. now owns 27,434 shares of the industrial products company’s stock worth $174,000 after acquiring an additional 3,280 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Energous by 5.5% in the fourth quarter. Bank of New York Mellon Corp now owns 71,653 shares of the industrial products company’s stock worth $414,000 after acquiring an additional 3,758 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Energous by 3.3% in the first quarter. SG Americas Securities LLC now owns 241,303 shares of the industrial products company’s stock worth $1,530,000 after acquiring an additional 7,623 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in 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 worth $277,000 after acquiring an additional 9,017 shares in the last quarter. 24.33% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the company. ValuEngine upgraded Energous from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Roth Capital cut their target price on Energous from $18.10 to $12.70 and set a “buy” rating on the stock in a report on Wednesday, May 1st. LADENBURG THALM/SH SH upgraded Energous from a “neutral” rating to a “buy” rating and set a $6.50 target price on the stock in a report on Wednesday, May 1st. Finally, Zacks Investment Research restated a “buy” rating and set a $5.25 price objective on shares of Energous in a research note on Saturday, July 20th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $14.86.

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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