Insiders at Energous (WATT) Make Significant Stock Sales Extends the Trend of Last Quarter

Friday, February 23, 2018 10:15 PM ET

Insiders at Energous (WATT) Make Significant Stock Sales Extends the Trend of Last Quarter

SEC filings today revealed substantial insider sales of Energous shares as two insiders — Michael Aaron Leabman, Director, and Neeraj Sahejpal, Officer — sold 56,991 shares in the company having a market value of approximately $1,141,226. There have been 5 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 135,767 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 192,758 shares and have averaged 27,537 shares per transaction over this time period.

Insiders at Energous have a higher number of buy/sell trades than the 9-peer company average over the last 90-day period. The 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 0 shares purchased and 143,267 shares sold with company insiders disposing of 17,908 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 used to compose and write this story.

Today’s Insider Activity
* Michael Aaron Leabman, Director, sold 52,000 shares
* Neeraj Sahejpal, Officer, sold 4,991 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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