Zvi Lando Sells 10,000 Shares of SolarEdge Technologies, Inc. (SEDG) Stock

SolarEdge Technologies, Inc. (NASDAQ:SEDG) VP Zvi Lando sold 10,000 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $30.36, for a total transaction of $303,600.00. Following the completion of the sale, the vice president now owns 48,333 shares of the company’s stock, valued at $1,467,389.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of SolarEdge Technologies, Inc. (SEDG) opened at 30.40 on Friday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 26.95 and a beta of 0.03. SolarEdge Technologies, Inc. has a one year low of $11.35 and a one year high of $30.49. The firm has a 50-day moving average of $28.22 and a 200 day moving average of $28.22.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.18. The firm had revenue of $136.10 million for 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 company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 EPS. Equities research analysts anticipate that SolarEdge Technologies, Inc. will post $1.90 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This story was posted by Stock Observer and is the property of of Stock Observer. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://www.thestockobserver.com/2017/10/20/zvi-lando-sells-10000-shares-of-solaredge-technologies-inc-sedg-stock.html.

A number of brokerages have recently weighed in on SEDG. Roth Capital set a $30.00 price objective on shares of SolarEdge Technologies and gave the stock a “buy” rating in a research note on Sunday, October 15th. Zacks Investment Research lowered shares of SolarEdge Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 target price on shares of SolarEdge Technologies in a research report on Tuesday, September 12th. Axiom Securities reaffirmed a “sell” rating on shares of SolarEdge Technologies in a research report on Thursday, August 31st. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $30.00 target price (up previously from $25.00) on shares of SolarEdge Technologies in a research report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $24.42.

A number of hedge funds have recently bought and sold shares of SEDG. Bank of New York Mellon Corp increased its position in SolarEdge Technologies by 601.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,526,947 shares of the semiconductor company’s stock worth $30,539,000 after buying an additional 1,309,184 shares during the period. Ion Asset Management Ltd. bought a new position in SolarEdge Technologies during the 2nd quarter worth $20,180,000. Janus Henderson Group PLC increased its position in SolarEdge Technologies by 435.7% during the 2nd quarter. Janus Henderson Group PLC now owns 946,920 shares of the semiconductor company’s stock worth $18,932,000 after buying an additional 770,166 shares during the period. NN Investment Partners Holdings N.V. increased its position in SolarEdge Technologies by 21.3% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,736,541 shares of the semiconductor company’s stock worth $34,731,000 after buying an additional 305,179 shares during the period. Finally, Menora Mivtachim Holdings LTD. increased its position in SolarEdge Technologies by 26.2% during the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 1,444,013 shares of the semiconductor company’s stock worth $28,880,000 after buying an additional 300,000 shares during the period. Hedge funds and other institutional investors own 57.43% of the company’s stock.

About SolarEdge Technologies

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)

Receive News & Ratings for SolarEdge Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SolarEdge Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply