Friday, December 29, 2017 10:15 PM ET
Energous (WATT) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
There was substantial level of selling of Energous shares today, as revealed in filings with the SEC. Four insiders — Rizzone, Gaulding, Leabman, and Sahejpal — disposed of 132,596 shares in the company having a market value of approximately $3,402,753. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 6,017 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 138,613 shares and have averaged 23,102 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Energous is above the 9-company peer group average. Batteries & Uninterruptable Power supplies peer group saw 8 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Energous insiders was also higher. Within the peer group there were 61,653 shares purchased and 13,517 shares sold with company insiders having bought 12,034 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to compose and write this story.
Today’s Insider Activity
* Stephen R Rizzone, Director and Officer, sold 75,000 shares
* John Gaulding, Director, sold 25,000 shares
* Michael Aaron Leabman, Director and Officer, sold 29,610 shares
* Neeraj Sahejpal, Officer, sold 2,986 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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