Energous Corporation (NASDAQ:WATT) VP Cesar Johnston sold 9,699 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $9.40, for a total value of $91,170.60. Following the transaction, the vice president now owns 106,025 shares in the company, valued at $996,635. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Cesar Johnston also recently made the following trade(s):
- On Monday, July 17th, Cesar Johnston sold 9,443 shares of Energous Corporation stock. The shares were sold at an average price of $16.11, for a total value of $152,126.73.
Shares of Energous Corporation (NASDAQ WATT) opened at 9.55 on Friday. The company’s market capitalization is $209.14 million. Energous Corporation has a 1-year low of $8.91 and a 1-year high of $20.55. The stock has a 50 day moving average price of $13.80 and a 200 day moving average price of $14.80.
Energous Corporation (NASDAQ:WATT) last posted its earnings results on Tuesday, August 8th. The industrial products company reported ($0.63) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.63). Energous Corporation had a negative net margin of 2,495.17% and a negative return on equity of 237.18%. The business had revenue of $0.30 million for the quarter, compared to analysts’ expectations of $0.43 million. Analysts forecast that Energous Corporation will post ($2.37) earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This article was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://stocknewstimes.com/2017/08/26/cesar-johnston-sells-9699-shares-of-energous-corporation-watt-stock.html.
A number of hedge funds have recently bought and sold shares of WATT. Hood River Capital Management LLC boosted its stake in 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 valued at $20,349,000 after buying an additional 797,966 shares in the last quarter. Doheny Asset Management CA boosted its stake in 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 valued at $15,127,000 after buying an additional 210,876 shares in the last quarter. Morgan Stanley boosted its stake in Energous Corporation by 228.0% in the first quarter. Morgan Stanley now owns 287,005 shares of the industrial products company’s stock valued at $4,477,000 after buying an additional 199,493 shares in the last quarter. Robecosam AG purchased a new stake in Energous Corporation during the second quarter valued at about $1,645,000. Finally, Vanguard Group Inc. boosted its stake in Energous Corporation by 12.0% in the second quarter. Vanguard Group Inc. now owns 708,654 shares of the industrial products company’s stock valued at $11,523,000 after buying an additional 75,862 shares in the last quarter. Institutional investors and hedge funds own 39.97% of the company’s stock.
Several equities analysts recently issued reports on WATT shares. Zacks Investment Research upgraded Energous Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Roth Capital set a $23.00 price objective on Energous Corporation and gave the company a “buy” rating in a research note on Thursday, May 11th. ValuEngine lowered Energous Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub lowered Energous Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating and issued a $18.00 price objective on shares of Energous Corporation in a research note on Thursday, May 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Energous Corporation currently has a consensus rating of “Hold” and an average price target of $17.75.
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.
Receive News & Ratings for Energous Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energous Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
