Insider Selling: Energous Co. (NASDAQ:WATT) CEO Sells $27,013.28 in Stock

Energous Co. (NASDAQ:WATT – Get Rating) CEO Cesar Johnston sold 48,238 shares of the company’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $0.56, for a total transaction of $27,013.28. Following the completion of the sale, the chief executive officer now directly owns 797,461 shares in the company, valued at $446,578.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, February 15th, Cesar Johnston sold 9,533 shares of Energous stock. The stock was sold at an average price of $0.75, for a total transaction of $7,149.75.
• On Tuesday, December 6th, Cesar Johnston sold 19,000 shares of Energous stock. The stock was sold at an average price of $0.98, for a total transaction of $18,620.00.

Energous Price Performance

Energous stock opened at $0.58 on Monday. Energous Co. has a 12-month low of $0.56 and a 12-month high of $1.57. The firm has a 50 day moving average of $0.79 and a 200 day moving average of $0.99.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of Energous by 1.9% in the first quarter. BlackRock Inc. now owns 896,760 shares of the industrial products company’s stock valued at $1,077,000 after purchasing an additional 17,142 shares in the last quarter. State Street Corp lifted its position in Energous by 8.9% in the third quarter. State Street Corp now owns 208,725 shares of the industrial products company’s stock worth $215,000 after buying an additional 17,000 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in Energous by 90.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 68,261 shares of the industrial products company’s stock worth $57,000 after buying an additional 32,456 shares during the last quarter. Doheny Asset Management CA bought a new stake in Energous in the third quarter worth $65,000. Finally, Millennium Management LLC bought a new stake in Energous in the second quarter worth $53,000. 9.26% of the stock is owned by hedge funds and other institutional investors.

Energous Company Profile

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Energous Corp. engages in the development of wireless charging technology. It focuses on the product, WattUp, a wireless power technology consisting of proprietary semiconductor chipsets, software controls, hardware designs, and antennas, that enables radio frequency based charging for electronic devices.