Energous Corporation (NASDAQ:WATT) VP Cesar Johnston sold 9,443 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $16.11, for a total value of $152,126.73. Following the completion of the sale, the vice president now directly owns 123,133 shares of the company’s stock, valued at $1,983,672.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Energous Corporation (WATT) traded down 0.56% during mid-day trading on Monday, reaching $16.08. The company’s stock had a trading volume of 109,009 shares. The firm’s market capitalization is $331.49 million. Energous Corporation has a 12 month low of $11.60 and a 12 month high of $20.55. The stock’s 50-day moving average is $15.56 and its 200-day moving average is $15.61.

Energous Corporation (NASDAQ:WATT) last issued its earnings results on Wednesday, May 10th. The industrial products company reported ($0.61) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.56) by $0.05. Energous Corporation had a negative net margin of 2,511.58% and a negative return on equity of 224.53%. The company had revenue of $0.58 million during the quarter, compared to analyst estimates of $0.50 million. On average, equities analysts anticipate that Energous Corporation will post ($2.26) EPS for the current year.

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A number of institutional investors have recently modified their holdings of WATT. Hood River Capital Management LLC increased its position in shares of Energous Corporation by 157.6% in the first quarter. Hood River Capital Management LLC now owns 1,304,415 shares of the industrial products company’s stock worth $20,349,000 after buying an additional 797,966 shares during the last quarter. Doheny Asset Management CA increased its position in shares of Energous Corporation by 27.8% in the first quarter. Doheny Asset Management CA now owns 969,676 shares of the industrial products company’s stock worth $15,127,000 after buying an additional 210,876 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Energous Corporation by 4.6% in the first quarter. Vanguard Group Inc. now owns 632,792 shares of the industrial products company’s stock worth $9,872,000 after buying an additional 27,875 shares during the last quarter. Morgan Stanley increased its position in shares of Energous Corporation by 228.0% in the first quarter. Morgan Stanley now owns 287,005 shares of the industrial products company’s stock worth $4,477,000 after buying an additional 199,493 shares during the last quarter. Finally, State Street Corp increased its position in shares of Energous Corporation by 4.2% in the fourth quarter. State Street Corp now owns 229,297 shares of the industrial products company’s stock worth $3,862,000 after buying an additional 9,216 shares during the last quarter. Institutional investors own 40.21% of the company’s stock.

Several analysts have recently weighed in on WATT shares. Roth Capital set a $23.00 target price on Energous Corporation and gave the company a “buy” rating in a report on Thursday, May 11th. Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $18.00 target price on shares of Energous Corporation in a report on Thursday, May 11th. Zacks Investment Research raised Energous Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, ValuEngine raised Energous Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $19.00.

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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