Energous Corp (NASDAQ:WATT) VP Neeraj Sahejpal Sells 3,675 Shares

Energous Corp (NASDAQ:WATT) VP Neeraj Sahejpal sold 3,675 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $6.87, for a total value of $25,247.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Neeraj Sahejpal also recently made the following trade(s):

  • On Monday, December 17th, Neeraj Sahejpal sold 900 shares of Energous stock. The stock was sold at an average price of $6.50, for a total value of $5,850.00.
  • On Monday, November 12th, Neeraj Sahejpal sold 2,796 shares of Energous stock. The stock was sold at an average price of $8.62, for a total value of $24,101.52.

NASDAQ:WATT opened at $7.70 on Monday. Energous Corp has a 52-week low of $4.41 and a 52-week high of $23.45. The firm has a market cap of $210.34 million, a P/E ratio of -3.33 and a beta of 1.91.

Energous (NASDAQ:WATT) last issued its quarterly earnings results on Tuesday, October 30th. The industrial products company reported ($0.49) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.49). Energous had a negative return on equity of 170.01% and a negative net margin of 10,168.85%. The firm had revenue of $0.23 million during the quarter, compared to analyst estimates of $0.20 million. On average, equities analysts expect that Energous Corp will post -2 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cheyne Capital Management UK LLP bought a new stake in shares of Energous in the 3rd quarter valued at about $101,000. Calton & Associates Inc. bought a new stake in shares of Energous in the 3rd quarter valued at about $101,000. Fox Run Management L.L.C. bought a new stake in shares of Energous in the 3rd quarter valued at about $132,000. Jane Street Group LLC bought a new stake in shares of Energous in the 3rd quarter valued at about $184,000. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Energous by 21.9% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 22,145 shares of the industrial products company’s stock valued at $328,000 after acquiring an additional 3,980 shares during the last quarter. 24.31% of the stock is owned by institutional investors.

Several equities analysts have recently weighed in on WATT shares. Roth Capital set a $25.00 price target on Energous and gave the company a “buy” rating in a research report on Wednesday, October 31st. ValuEngine upgraded Energous from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. National Securities reiterated a “buy” rating and issued a $35.00 price target on shares of Energous in a research report on Wednesday, October 31st. Finally, LADENBURG THALM/SH SH cut Energous from a “buy” rating to a “neutral” rating and set a $8.00 price target for the company. in a research report on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.00.

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About Energous

Energous Corporation engages in the development of a wire-free charging system. It develops WattUp that consists of semiconductor chipsets, software, hardware designs, and antennas that enables radio frequency based wire-free charging for electronic devices, providing power at a distance and enables charging with mobility under software control.

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