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 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.
Further Reading: Dogs of the Dow
Receive News & Ratings for Enphase Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy and related companies with MarketBeat.com's FREE daily email newsletter.