Insider Selling: Solaredge Technologies Inc (NASDAQ:SEDG) VP Sells 7,118 Shares of Stock

Solaredge Technologies Inc (NASDAQ:SEDG) VP Lior Handelsman sold 7,118 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $156.60, for a total value of $1,114,678.80. Following the completion of the transaction, the vice president now directly owns 55,111 shares of the company’s stock, valued at approximately $8,630,382.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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 Friday, June 19th, Lior Handelsman sold 1,700 shares of Solaredge Technologies stock. The stock was sold at an average price of $155.40, for a total value of $264,180.00.
  • 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 $159.44 on Friday. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 47.45, a PEG ratio of 2.34 and a beta of 0.71. 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 business’s fifty day moving average price is $143.64 and its two-hundred day moving average price is $114.18. Solaredge Technologies Inc has a 52 week low of $59.84 and a 52 week high of $159.70.

Solaredge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported $0.95 EPS for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.07). The firm had revenue of $431.22 million during the quarter, compared to the consensus estimate of $422.16 million. Solaredge Technologies had a net margin of 10.71% and a return on equity of 21.94%. The firm’s quarterly revenue was up 58.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 earnings per share. As a group, research analysts forecast that Solaredge Technologies Inc will post 2.69 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. New Mexico Educational Retirement Board boosted its position in Solaredge Technologies by 39.8% in the 1st quarter. New Mexico Educational Retirement Board now owns 11,600 shares of the semiconductor company’s stock valued at $950,000 after buying an additional 3,300 shares during the last quarter. Clearbridge Investments LLC boosted its position in Solaredge Technologies by 4.5% in the 1st quarter. Clearbridge Investments LLC now owns 79,936 shares of the semiconductor company’s stock valued at $6,545,000 after buying an additional 3,442 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in Solaredge Technologies by 94.6% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 6,572 shares of the semiconductor company’s stock valued at $538,000 after buying an additional 3,195 shares during the last quarter. Swiss National Bank boosted its position in shares of Solaredge Technologies by 2.8% in the 1st 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 during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Solaredge Technologies by 2.8% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 81.41% of the company’s stock.

SEDG has been the subject of a number of recent research reports. Goldman Sachs Group cut Solaredge Technologies from a “neutral” rating to a “sell” rating and increased their target price for the stock from $120.00 to $126.00 in a report on Wednesday, June 24th. JPMorgan Chase & Co. increased their target price on Solaredge Technologies from $131.00 to $166.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. UBS Group dropped their target price on Solaredge Technologies from $130.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. JMP Securities dropped their target price on Solaredge Technologies from $157.00 to $126.00 and set a “market outperform” rating for the company in a report on Friday, April 17th. Finally, Barclays increased their target price on Solaredge Technologies from $99.00 to $122.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $130.93.

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.

Further Reading: Ex-Dividend

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

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