Solaredge Technologies Inc (NASDAQ:SEDG) VP Yoav Galin Sells 10,640 Shares

Solaredge Technologies Inc (NASDAQ:SEDG) VP Yoav Galin sold 10,640 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $105.13, for a total value of $1,118,583.20. Following the transaction, the vice president now directly owns 179,999 shares of the company’s stock, valued at approximately $18,923,294.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, January 2nd, Yoav Galin sold 6,000 shares of Solaredge Technologies stock. The shares were sold at an average price of $99.22, for a total value of $595,320.00.

Shares of SEDG traded up $1.66 during midday trading on Friday, hitting $104.40. 59,721 shares of the stock were exchanged, compared to its average volume of 1,152,299. Solaredge Technologies Inc has a 52-week low of $35.00 and a 52-week high of $105.68. The stock has a fifty day simple moving average of $89.81 and a 200 day simple moving average of $80.24. The firm has a market cap of $5.06 billion, a P/E ratio of 38.88, a P/E/G ratio of 1.10 and a beta of 0.06. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.09 and a current ratio of 2.49.

Solaredge Technologies (NASDAQ:SEDG) last released its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.99 by $0.22. Solaredge Technologies had a return on equity of 15.89% and a net margin of 8.39%. The business had revenue of $410.56 million during the quarter, compared to analyst estimates of $402.89 million. During the same period last year, the business posted $0.86 earnings per share. The company’s quarterly revenue was up 73.5% on a year-over-year basis. As a group, equities research analysts forecast that Solaredge Technologies Inc will post 3 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in Solaredge Technologies by 210.8% in the second quarter. Invesco Ltd. now owns 2,803,823 shares of the semiconductor company’s stock valued at $175,126,000 after buying an additional 1,901,658 shares in the last quarter. Phoenix Holdings Ltd. acquired a new stake in Solaredge Technologies in the third quarter valued at $52,201,000. Morgan Stanley raised its stake in Solaredge Technologies by 122.6% in the second quarter. Morgan Stanley now owns 519,044 shares of the semiconductor company’s stock valued at $32,419,000 after buying an additional 285,912 shares in the last quarter. Senvest Management LLC raised its stake in Solaredge Technologies by 247.4% in the second quarter. Senvest Management LLC now owns 347,350 shares of the semiconductor company’s stock valued at $21,695,000 after buying an additional 247,350 shares in the last quarter. Finally, KAMES CAPITAL plc raised its stake in Solaredge Technologies by 87.9% in the third quarter. KAMES CAPITAL plc now owns 512,928 shares of the semiconductor company’s stock valued at $42,942,000 after buying an additional 239,948 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

A number of equities research analysts have recently issued reports on SEDG shares. Canaccord Genuity upped their price target on Solaredge Technologies from $78.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Northland Securities started coverage on Solaredge Technologies in a research report on Tuesday, November 26th. They issued a “buy” rating and a $102.00 price target for the company. Cascend Securities upped their price target on Solaredge Technologies from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Friday. Cowen reiterated a “buy” rating and issued a $118.00 price objective on shares of Solaredge Technologies in a research report on Monday, December 16th. Finally, ValuEngine upgraded Solaredge Technologies from a “sell” rating to a “hold” rating in a research report on Monday, December 16th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Solaredge Technologies has an average rating of “Buy” and a consensus price target of $93.31.

About Solaredge Technologies

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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