Insider Selling: Solaredge Technologies Inc (NASDAQ:SEDG) VP Sells $264,180.00 in Stock

Solaredge Technologies Inc (NASDAQ:SEDG) VP Lior Handelsman sold 1,700 shares of the business’s stock in a transaction dated Friday, June 19th. The shares were sold at an average price of $155.40, for a total value of $264,180.00. Following the sale, the vice president now directly owns 49,693 shares of the company’s stock, valued at approximately $7,722,292.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Lior Handelsman also recently made the following trade(s):

  • On Monday, June 22nd, Lior Handelsman sold 200 shares of Solaredge Technologies stock. The shares were sold at an average price of $155.04, for a total value of $31,008.00.
  • On Monday, June 15th, Lior Handelsman sold 6,666 shares of Solaredge Technologies stock. The stock was sold at an average price of $146.65, for a total value of $977,568.90.

Shares of SEDG opened at $148.48 on Thursday. Solaredge Technologies Inc has a one year low of $58.84 and a one year high of $156.92. The stock has a 50-day moving average price of $136.81 and a 200 day moving average price of $109.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.94 and a current ratio of 2.45. The company has a market capitalization of $7.40 billion, a P/E ratio of 44.19, a P/E/G ratio of 1.99 and a beta of 0.73.

Solaredge Technologies (NASDAQ:SEDG) last announced its earnings results on Wednesday, May 6th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.07). The business had revenue of $431.22 million during the quarter, compared to analyst estimates of $422.16 million. Solaredge Technologies had a net margin of 10.71% and a return on equity of 21.94%. The business’s revenue for the quarter was up 58.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 earnings per share. As a group, equities research analysts forecast that Solaredge Technologies Inc will post 3.08 earnings per share for the current fiscal year.

Several research analysts recently commented on SEDG shares. Barclays raised their price target on shares of Solaredge Technologies from $99.00 to $122.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Roth Capital restated a “buy” rating on shares of Solaredge Technologies in a report on Monday, March 9th. JMP Securities decreased their price target on shares of Solaredge Technologies from $157.00 to $126.00 and set a “market outperform” rating for the company in a research report on Friday, April 17th. ValuEngine lowered Solaredge Technologies from a “hold” rating to a “sell” rating in a research report on Friday, March 20th. Finally, JPMorgan Chase & Co. upped their target price on Solaredge Technologies from $131.00 to $166.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $130.93.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado grew its holdings in Solaredge Technologies by 94.6% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 6,572 shares of the semiconductor company’s stock worth $538,000 after acquiring an additional 3,195 shares in the last quarter. Swiss National Bank grew its stake in Solaredge Technologies by 2.8% in the first quarter. Swiss National Bank now owns 84,900 shares of the semiconductor company’s stock worth $6,952,000 after purchasing an additional 2,300 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Solaredge Technologies by 2.8% in the fourth quarter. Bank of New York Mellon Corp now owns 419,580 shares of the semiconductor company’s stock worth $39,898,000 after purchasing an additional 11,508 shares in the last quarter. M&G Investment Management Ltd. grew its stake in Solaredge Technologies by 63.8% in the first quarter. M&G Investment Management Ltd. now owns 72,830 shares of the semiconductor company’s stock worth $5,972,000 after purchasing an additional 28,368 shares in the last quarter. Finally, Anderson Fisher LLC bought a new stake in Solaredge Technologies in the first quarter valued at about $45,000. 81.41% of the stock is currently owned by hedge funds and other institutional investors.

Solaredge Technologies Company Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. Its SolarEdge system consists of power optimizers, inverters, communication and smart energy management solutions, and a cloud based monitoring platform.

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

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