Insider Selling: Enphase Energy, Inc. (NASDAQ:ENPH) CEO Sells 30,000 Shares of Stock

Enphase Energy, Inc. (NASDAQ:ENPH) CEO Badrinarayanan Kothandaraman sold 30,000 shares of Enphase Energy stock in a transaction that occurred on Wednesday, December 30th. The shares were sold at an average price of $174.32, for a total value of $5,229,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of NASDAQ:ENPH opened at $175.47 on Friday. Enphase Energy, Inc. has a 12 month low of $21.49 and a 12 month high of $189.41. The stock has a market cap of $22.17 billion, a price-to-earnings ratio of 137.09, a PEG ratio of 5.56 and a beta of 1.15. The stock’s 50 day moving average price is $143.96 and its 200 day moving average price is $92.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.31 and a quick ratio of 3.17.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, October 27th. The semiconductor company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.16. Enphase Energy had a return on equity of 30.06% and a net margin of 24.69%. The firm had revenue of $178.50 million for the quarter, compared to analysts’ expectations of $169.79 million. On average, sell-side analysts expect that Enphase Energy, Inc. will post 0.93 EPS for the current year.

A number of equities analysts have commented on the company. Craig Hallum downgraded Enphase Energy from a “buy” rating to a “hold” rating and lifted their target price for the company from $85.00 to $105.00 in a research note on Wednesday, October 28th. They noted that the move was a valuation call. HC Wainwright downgraded Enphase Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 28th. Roth Capital lifted their target price on Enphase Energy from $160.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 24th. Piper Sandler assumed coverage on Enphase Energy in a research note on Thursday, December 10th. They issued an “overweight” rating and a $150.00 target price for the company. Finally, Credit Suisse Group lifted their target price on Enphase Energy from $60.00 to $89.00 and gave the company a “neutral” rating in a research note on Monday, October 26th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $113.94.

A number of large investors have recently made changes to their positions in ENPH. Captrust Financial Advisors bought a new stake in Enphase Energy during the second quarter worth approximately $37,000. Parallel Advisors LLC bought a new stake in Enphase Energy during the third quarter worth approximately $38,000. Optimum Investment Advisors bought a new stake in Enphase Energy during the third quarter worth approximately $41,000. Arkadios Wealth Advisors bought a new stake in Enphase Energy during the third quarter worth approximately $50,000. Finally, FinTrust Capital Advisors LLC bought a new position in shares of Enphase Energy in the third quarter valued at $56,000. 72.67% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services.

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Insider Buying and Selling by Quarter for Enphase Energy (NASDAQ:ENPH)

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