More Avery Sells 500 Shares of Solaredge Technologies Inc (NASDAQ:SEDG) Stock

Solaredge Technologies Inc (NASDAQ:SEDG) Director More Avery sold 500 shares of the company’s stock in a transaction on Sunday, February 23rd. The shares were sold at an average price of $137.92, for a total transaction of $68,960.00. Following the completion of the sale, the director now owns 231,360 shares of the company’s stock, valued at approximately $31,909,171.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

More Avery also recently made the following trade(s):

  • On Tuesday, March 3rd, More Avery sold 4,000 shares of Solaredge Technologies stock. The shares were sold at an average price of $131.19, for a total transaction of $524,760.00.

Shares of SEDG opened at $89.90 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 2.14. The stock has a market capitalization of $4.20 billion, a P/E ratio of 31.11, a P/E/G ratio of 0.69 and a beta of -0.23. The company’s fifty day moving average is $109.90 and its two-hundred day moving average is $94.45. Solaredge Technologies Inc has a 1 year low of $36.28 and a 1 year high of $143.73.

Solaredge Technologies (NASDAQ:SEDG) last posted its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.54. Solaredge Technologies had a net margin of 10.28% and a return on equity of 20.03%. The business had revenue of $418.22 million for the quarter, compared to analysts’ expectations of $413.80 million. During the same period in the prior year, the company posted $0.63 EPS. The business’s revenue for the quarter was up 58.6% on a year-over-year basis. Sell-side analysts predict that Solaredge Technologies Inc will post 4.96 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Solaredge Technologies during the 4th quarter worth $49,001,000. Total Clarity Wealth Management Inc. acquired a new position in shares of Solaredge Technologies during the 4th quarter worth $158,000. Geode Capital Management LLC grew its stake in shares of Solaredge Technologies by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 424,646 shares of the semiconductor company’s stock worth $40,379,000 after purchasing an additional 22,819 shares during the period. Mason Street Advisors LLC grew its stake in shares of Solaredge Technologies by 58.7% during the 4th quarter. Mason Street Advisors LLC now owns 25,856 shares of the semiconductor company’s stock worth $2,459,000 after purchasing an additional 9,567 shares during the period. Finally, Phoenix Holdings Ltd. grew its stake in shares of Solaredge Technologies by 0.5% during the 4th quarter. Phoenix Holdings Ltd. now owns 656,679 shares of the semiconductor company’s stock worth $62,013,000 after purchasing an additional 3,077 shares during the period. 78.91% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on SEDG shares. Needham & Company LLC upped their price target on shares of Solaredge Technologies from $102.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Credit Suisse Group boosted their price objective on shares of Solaredge Technologies from $85.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. ValuEngine cut shares of Solaredge Technologies from a “hold” rating to a “sell” rating in a research note on Friday, March 20th. Cascend Securities boosted their price objective on shares of Solaredge Technologies from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Finally, Roth Capital reissued a “buy” rating on shares of Solaredge Technologies in a research note on Monday, March 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $125.57.

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

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