Finance

What Recent Ownership Trends Suggest About Energous Corporation (WATT)’s Future Performance

Recent insider trends for Energous Corporation (NASDAQ:WATT) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how WATT might perform in the future.

Institutions own 39.24% of Energous Corporation (WATT)’s shares. The total value of these holdings, in millions, is $210. Among active positions in the latest quarter, 34 holders increased their positions by a total of 1.18 million shares, 27 holders decreased the positions by a total of 522179 shares, and 29 holders held their positions. This works out to a net increase in ownership of 653828 shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 15 holders initiated new positions by a total of 539159 shares and 9 holders exited their positions by a total of 272748 shares. This nets out to an increase of 266411 shares and is a bullish sign for WATT.

In the last three months, insiders executed a total of 16 trades. 4 of these were buys and 12 were sells. Insider ownership decreased by a total of 3.65 million shares, which suggests that WATT’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 14 buys and 32 sells, and ownership decreased by a net of 3.77 million shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Energous Corporation (NASDAQ:WATT)’s short interest is 5.7 million shares, or 35.89% of the float. This represents an increase of 23% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for WATT. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that WATT is a Strong buy, which implies that WATT is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Energous Corporation (NASDAQ:WATT) is undervalued.

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