Energous Corp (NASDAQ:WATT) COO Cesar Johnston Sells 22,306 Shares

Energous Corp (NASDAQ:WATT) COO Cesar Johnston sold 22,306 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $2.01, for a total value of $44,835.06. Following the completion of the sale, the chief operating officer now owns 271,227 shares of the company’s stock, valued at approximately $545,166.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Cesar Johnston also recently made the following trade(s):

  • On Friday, November 15th, Cesar Johnston sold 6,375 shares of Energous stock. The stock was sold at an average price of $2.10, for a total value of $13,387.50.
  • On Friday, September 27th, Cesar Johnston sold 4,063 shares of Energous stock. The shares were sold at an average price of $3.32, for a total value of $13,489.16.

Shares of WATT stock opened at $1.95 on Friday. The company has a market capitalization of $62.69 million, a price-to-earnings ratio of -0.98 and a beta of 1.67. Energous Corp has a one year low of $1.88 and a one year high of $11.54. The company’s fifty day moving average price is $2.49 and its 200-day moving average price is $3.58. The company has a debt-to-equity ratio of 0.08, a current ratio of 6.54 and a quick ratio of 6.54.

Energous (NASDAQ:WATT) last released its earnings results on Thursday, November 7th. The industrial products company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.03. The company had revenue of $0.04 million for the quarter, compared to analysts’ expectations of $0.40 million. Energous had a negative net margin of 19,557.08% and a negative return on equity of 164.30%. Equities research analysts expect that Energous Corp will post -1.25 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of WATT. Alexandria Capital LLC purchased a new position in shares of Energous in the third quarter valued at about $33,000. Millennium Management LLC bought a new stake in Energous during the 3rd quarter valued at approximately $47,000. Biltmore Capital Advisors LLC bought a new stake in Energous during the 3rd quarter valued at approximately $50,000. CIBC Private Wealth Group LLC lifted its holdings in Energous by 18.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 23,568 shares of the industrial products company’s stock worth $78,000 after purchasing an additional 3,650 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in Energous by 21.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 33,434 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 6,000 shares in the last quarter. 24.09% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on WATT. Roth Capital cut their price objective on Energous from $8.20 to $7.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Zacks Investment Research upgraded shares of Energous from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a research note on Saturday, November 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $5.58.

About Energous

Energous Corporation develops wire-free charging solutions. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency based wire-free charging for electronic devices. It has a collaboration with vivo Global to explore integrating WattUp into smartphone designs that charge wirelessly over-the-air.

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