Brian J. Sereda Sells 11,395 Shares of Energous Corporation (NASDAQ:WATT) Stock

Energous Corporation (NASDAQ:WATT) insider Brian J. Sereda sold 11,395 shares of Energous Corporation stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $16.11, for a total transaction of $183,573.45. Following the sale, the insider now directly owns 133,577 shares in the company, valued at $2,151,925.47. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

Energous Corporation (NASDAQ:WATT) last issued its quarterly earnings results on Wednesday, May 10th. The industrial products company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $0.58 million for the quarter, compared to the consensus estimate of $0.50 million. On average, equities research analysts predict that Energous Corporation will post ($2.26) earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Energous Corporation by 182.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,128 shares of the industrial products company’s stock worth $137,000 after buying an additional 5,250 shares during the last quarter. Creative Planning boosted its position in shares of Energous Corporation by 7.2% in the first quarter. Creative Planning now owns 8,990 shares of the industrial products company’s stock worth $140,000 after buying an additional 600 shares during the last quarter. American International Group Inc. boosted its position in shares of Energous Corporation by 7.1% in the first quarter. American International Group Inc. now owns 9,130 shares of the industrial products company’s stock worth $142,000 after buying an additional 607 shares during the last quarter. Quantbot Technologies LP boosted its position in shares of Energous Corporation by 516.9% in the first quarter. Quantbot Technologies LP now owns 9,512 shares of the industrial products company’s stock worth $148,000 after buying an additional 7,970 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Energous Corporation by 16.9% in the first quarter. Oppenheimer & Co. Inc. now owns 11,797 shares of the industrial products company’s stock worth $184,000 after buying an additional 1,702 shares during the last quarter. Institutional investors and hedge funds own 40.21% of the company’s stock.

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