Solaredge Technologies Inc (SEDG) VP Yoav Galin Sells 15,000 Shares

Solaredge Technologies Inc (NASDAQ:SEDG) VP Yoav Galin sold 15,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $35.46, for a total transaction of $531,900.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Yoav Galin also recently made the following trade(s):

  • On Tuesday, January 2nd, Yoav Galin sold 15,000 shares of Solaredge Technologies stock. The stock was sold at an average price of $37.74, for a total transaction of $566,100.00.

Solaredge Technologies Inc (NASDAQ SEDG) traded up $0.22 on Monday, hitting $34.80. 753,758 shares of the stock traded hands, compared to its average volume of 579,659. Solaredge Technologies Inc has a twelve month low of $12.30 and a twelve month high of $39.90. The company has a market capitalization of $1,500.00 and a PE ratio of 20.96.

Solaredge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Wednesday, November 8th. The semiconductor company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.16. Solaredge Technologies had a net margin of 14.06% and a return on equity of 22.07%. research analysts anticipate that Solaredge Technologies Inc will post 1.91 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. boosted its stake in Solaredge Technologies by 18.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 120,480 shares of the semiconductor company’s stock valued at $3,440,000 after acquiring an additional 18,914 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Solaredge Technologies by 199.5% in the third quarter. JPMorgan Chase & Co. now owns 121,408 shares of the semiconductor company’s stock valued at $3,497,000 after acquiring an additional 80,871 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Solaredge Technologies by 543.3% in the third quarter. Ameriprise Financial Inc. now owns 218,232 shares of the semiconductor company’s stock valued at $6,231,000 after acquiring an additional 184,310 shares during the last quarter. Columbus Circle Investors bought a new position in Solaredge Technologies in the third quarter valued at approximately $4,557,000. Finally, Goldman Sachs Group Inc. boosted its stake in Solaredge Technologies by 143.7% in the second quarter. Goldman Sachs Group Inc. now owns 341,115 shares of the semiconductor company’s stock valued at $6,822,000 after acquiring an additional 201,146 shares during the last quarter. 67.09% of the stock is currently owned by hedge funds and other institutional investors.

SEDG has been the topic of several research analyst reports. Needham & Company LLC upped their price objective on shares of Solaredge Technologies from $30.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. B. Riley raised shares of Solaredge Technologies from a “neutral” rating to a “buy” rating and increased their price target for the company from $18.00 to $45.00 in a research note on Thursday, November 9th. Canaccord Genuity reissued a “buy” rating and set a $36.00 price target (up from $30.00) on shares of Solaredge Technologies in a research note on Monday, November 6th. Roth Capital increased their price target on shares of Solaredge Technologies from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Finally, BidaskClub cut shares of Solaredge Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Solaredge Technologies has a consensus rating of “Buy” and a consensus target price of $34.19.

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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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