Key Points
- Energous CEO Mallorie Sara Burak bought 1,867 shares of WATT on May 27 at an average price of $26.47, a purchase worth about $49,419. The trade increased her holdings by 7.43% to 26,999 shares.
- Energous stock was trading up 4.1% and opened at $27.45, with the company carrying a market cap of about $151 million. The shares have ranged from $3.62 to $36.98 over the past year.
- Analyst sentiment remains cautious, with the current consensus rating on WATT at “Reduce.” Recent reports include a downgrade from Weiss Ratings and a hold rating from Zacks Research.
Energous Corporation (NASDAQ:WATT - Get Free Report) CEO Mallorie Sara Burak bought 1,867 shares of the business's stock in a transaction on Wednesday, May 27th. The shares were acquired at an average price of $26.47 per share, for a total transaction of $49,419.49. Following the completion of the transaction, the chief executive officer owned 26,999 shares in the company, valued at approximately $714,663.53. This trade represents a 7.43% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Energous Trading Up 4.1%
Energous stock opened at $27.45 on Friday. Energous Corporation has a 1 year low of $3.62 and a 1 year high of $36.98. The company has a market cap of $150.98 million, a PE ratio of -6.70 and a beta of 1.61. The company's 50-day moving average is $22.52 and its two-hundred day moving average is $12.83.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on WATT shares. Weiss Ratings downgraded shares of Energous from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Wednesday, April 29th. Zacks Research raised Energous to a "hold" rating in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Reduce".
Get Our Latest Analysis on WATT
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Energous by 85.4% in the 4th quarter. Geode Capital Management LLC now owns 18,713 shares of the industrial products company's stock valued at $75,000 after acquiring an additional 8,619 shares during the period. Flagship Harbor Advisors LLC raised its position in shares of Energous by 82.2% in the 4th quarter. Flagship Harbor Advisors LLC now owns 20,503 shares of the industrial products company's stock valued at $82,000 after acquiring an additional 9,250 shares during the period. Quantinno Capital Management LP acquired a new stake in shares of Energous in the 1st quarter valued at approximately $220,000. 3Chopt Investment Partners LLC acquired a new stake in shares of Energous in the 1st quarter valued at approximately $282,000. Finally, Armistice Capital LLC acquired a new stake in shares of Energous in the 3rd quarter valued at approximately $1,202,000. Institutional investors and hedge funds own 4.35% of the company's stock.
About Energous
(
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Energous Corporation develops and commercializes radio frequency (RF)–based wireless charging technology designed to deliver power over the air to compatible devices. Its WattUp platform includes near‐field and far‐field transmitters that emit targeted RF energy and receiver modules that convert that energy into electrical power. The company's solutions aim to eliminate the need for cables and charging pads by enabling contactless power delivery to a range of products, from wearables and IoT sensors to medical devices and consumer electronics.
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