Insider Selling: SolarEdge Technologies, Inc. (SEDG) VP Sells 10,508 Shares of Stock

SolarEdge Technologies, Inc. (NASDAQ:SEDG) VP Zvi Lando sold 10,508 shares of the stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $22.19, for a total transaction of $233,172.52. Following the sale, the vice president now directly owns 56,519 shares in the company, valued at $1,254,156.61. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Zvi Lando also recently made the following trade(s):

  • On Friday, July 14th, Zvi Lando sold 1,300 shares of SolarEdge Technologies stock. The shares were sold at an average price of $22.02, for a total transaction of $28,626.00.
  • On Tuesday, July 11th, Zvi Lando sold 3,192 shares of SolarEdge Technologies stock. The shares were sold at an average price of $22.01, for a total transaction of $70,255.92.
  • On Thursday, June 22nd, Zvi Lando sold 10,000 shares of SolarEdge Technologies stock. The shares were sold at an average price of $20.49, for a total transaction of $204,900.00.

SolarEdge Technologies, Inc. (SEDG) traded up 0.19% on Friday, hitting $26.70. 661,455 shares of the company were exchanged. The stock has a market capitalization of $1.12 billion, a P/E ratio of 23.67 and a beta of 0.04. The stock’s 50-day moving average price is $23.76 and its 200-day moving average price is $18.10. SolarEdge Technologies, Inc. has a 52-week low of $11.35 and a 52-week high of $28.80.

SolarEdge Technologies (NASDAQ:SEDG) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.18. The company had revenue of $136.10 million during the quarter, compared to analysts’ expectations of $125.07 million. SolarEdge Technologies had a return on equity of 21.01% and a net margin of 12.64%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 EPS. On average, equities research analysts anticipate that SolarEdge Technologies, Inc. will post $1.84 earnings per share for the current fiscal year.

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A number of analysts have recently issued reports on the stock. Barclays PLC reaffirmed an “overweight” rating and set a $28.00 price target (up previously from $21.00) on shares of SolarEdge Technologies in a report on Wednesday, August 9th. ValuEngine downgraded shares of SolarEdge Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Roth Capital set a $16.00 price target on shares of SolarEdge Technologies and gave the company a “hold” rating in a report on Wednesday, May 10th. Cowen and Company reaffirmed a “buy” rating and set a $31.00 price target (up previously from $24.00) on shares of SolarEdge Technologies in a report on Thursday, August 3rd. Finally, CIBC raised shares of SolarEdge Technologies from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. SolarEdge Technologies presently has a consensus rating of “Buy” and a consensus target price of $23.11.

Several institutional investors have recently added to or reduced their stakes in SEDG. Sei Investments Co. boosted its position in SolarEdge Technologies by 380.4% in the second quarter. Sei Investments Co. now owns 6,005 shares of the semiconductor company’s stock worth $120,000 after buying an additional 4,755 shares in the last quarter. AQR Capital Management LLC acquired a new position in SolarEdge Technologies during the fourth quarter worth $138,000. Globeflex Capital L P acquired a new position in SolarEdge Technologies during the second quarter worth $157,000. Edmond DE Rothschild Holding S.A. acquired a new position in SolarEdge Technologies during the first quarter worth $173,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in SolarEdge Technologies during the first quarter worth $178,000. Institutional investors and hedge funds own 58.32% of the company’s stock.

SolarEdge Technologies Company Profile

SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.

Insider Buying and Selling by Quarter for SolarEdge Technologies (NASDAQ:SEDG)

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