Energous Corp (WATT): Gregory S Tamkin , 10% owner of Energous Corp sold 25,000 shares on Apr 11, 2016. The Insider selling transaction was disclosed on Apr 12, 2016 to the Securities and Exchange Commission. The shares were sold at $10.18 per share for a total value of $254,500.00.
Currently the company Insiders own 5.7% of Energous Corp shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -36.03%.Institutional Investors own 22.74% of Energous Corp shares.During last six month period, the net percent change held by insiders has seen a change of 13.61%.
Shares of Energous Corp (WATT) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.46 points or -4.45% at $9.88 with 3,93,621 shares getting traded. Post opening the session at $10.35, the shares hit an intraday low of $9.8201 and an intraday high of $10.55 and the price vacillated in this range throughout the day. The company has a market cap of $162 M and the number of outstanding shares has been calculated to be 1,64,09,739 shares. The 52-week high of Energous Corp is $11.44 and the 52-week low is $3.65.
Energous Corporation is a development-stage company. The Company is developing technology that can enable wire-free charging for electronic devices that provides power at a distance with mobility under software control. The Company offers WattUp technology solution which consists of transmitter and receiver application specific integrated circuits and antenna designs driven through algorithms and software applications. The wire-free charging solution employs three dimensional (3D) pocketforming via a transmitter that creates a targeted radio frequency (RF) pocket in a room around a receiving device (which may be mobile or fixed). The Company’s technology can be utilized in a range of devices including smart phones tablets e-book readers wearables keyboards mice remote controls rechargeable lights cylindrical batteries.