Energous Corp (NASDAQ:WATT) VP Cesar Johnston sold 3,585 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $21.91, for a total transaction of $78,547.35. Following the completion of the transaction, the vice president now owns 76,685 shares in the company, valued at approximately $1,680,168.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Energous Corp (NASDAQ:WATT) traded up $0.19 during trading on Thursday, hitting $22.05. 951,100 shares of the company were exchanged, compared to its average volume of 3,466,605. Energous Corp has a 52 week low of $6.91 and a 52 week high of $33.50. The firm has a market cap of $454.27, a P/E ratio of -8.81 and a beta of 1.71.
Energous (NASDAQ:WATT) last released its earnings results on Thursday, February 15th. The industrial products company reported ($0.50) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.48) by ($0.02). Energous had a negative net margin of 4,278.77% and a negative return on equity of 288.24%. The company had revenue of $0.03 million for the quarter, compared to analyst estimates of $0.27 million. analysts predict that Energous Corp will post -1.81 EPS for the current year.
A number of hedge funds have recently made changes to their positions in WATT. Calton & Associates Inc. bought a new stake in Energous during the 4th quarter valued at $150,000. Tower Research Capital LLC TRC increased its stake in Energous by 248.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,635 shares of the industrial products company’s stock valued at $168,000 after purchasing an additional 6,159 shares in the last quarter. Nationwide Fund Advisors increased its stake in Energous by 26.0% during the 2nd quarter. Nationwide Fund Advisors now owns 10,741 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 2,216 shares in the last quarter. SG Americas Securities LLC bought a new stake in Energous during the 3rd quarter valued at $187,000. Finally, HRT Financial LLC bought a new stake in Energous during the 4th quarter valued at $196,000. Institutional investors and hedge funds own 32.16% of the company’s stock.
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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.
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