Energous Corp (NASDAQ:WATT) VP Cesar Johnston sold 37,000 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $15.88, for a total value of $587,560.00. Following the sale, the vice president now directly owns 98,133 shares in the company, valued at $1,558,352.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Energous Corp (NASDAQ:WATT) opened at 15.61 on Tuesday. The firm’s market capitalization is $317.93 million. The stock’s 50 day moving average price is $15.48 and its 200-day moving average price is $16.32. Energous Corp has a 12 month low of $7.80 and a 12 month high of $20.55.

Energous Corp (NASDAQ:WATT) last posted its earnings results on Wednesday, March 8th. The company reported ($0.75) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.54) by $0.21. On average, equities research analysts predict that Energous Corp will post ($2.14) EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Energous Corp (NASDAQ:WATT)

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Hedge funds have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in Energous Corp by 182.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,128 shares of the company’s stock valued at $137,000 after buying an additional 5,250 shares in the last quarter. AQR Capital Management LLC increased its stake in Energous Corp by 25.9% in the fourth quarter. AQR Capital Management LLC now owns 22,127 shares of the company’s stock valued at $373,000 after buying an additional 4,552 shares in the last quarter. State Street Corp increased its stake in Energous Corp by 4.2% in the fourth quarter. State Street Corp now owns 229,297 shares of the company’s stock valued at $3,862,000 after buying an additional 9,216 shares in the last quarter. Cadence Capital Management LLC increased its stake in Energous Corp by 26.9% in the fourth quarter. Cadence Capital Management LLC now owns 37,230 shares of the company’s stock valued at $627,000 after buying an additional 7,900 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Energous Corp during the fourth quarter valued at about $666,000. 33.11% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on WATT shares. Zacks Investment Research raised Energous Corp from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, January 11th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Energous Corp in a research report on Monday, March 13th. Ladenburg Thalmann Financial Services set a $18.00 target price on Energous Corp and gave the stock a “buy” rating in a research report on Thursday, March 9th. Finally, CIBC reaffirmed a “market perform” rating on shares of Energous Corp in a research report on Tuesday, January 24th.

Energous Corp Company Profile

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.

5 Day Chart for NASDAQ:WATT

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