Insider Selling: Solaredge Technologies Inc (SEDG) CEO Sells 59,091 Shares of Stock

Solaredge Technologies Inc (NASDAQ:SEDG) CEO Guy Sella sold 59,091 shares of Solaredge Technologies stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of $54.91, for a total value of $3,244,686.81. Following the sale, the chief executive officer now directly owns 200,000 shares in the company, valued at $10,982,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Guy Sella also recently made the following trade(s):

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  • On Tuesday, March 27th, Guy Sella sold 150,000 shares of Solaredge Technologies stock. The stock was sold at an average price of $55.86, for a total value of $8,379,000.00.
  • On Thursday, February 15th, Guy Sella sold 216,666 shares of Solaredge Technologies stock. The stock was sold at an average price of $42.15, for a total value of $9,132,471.90.

Shares of Solaredge Technologies stock opened at $52.60 on Friday. The stock has a market capitalization of $2,308.68, a P/E ratio of 23.38, a PEG ratio of 0.88 and a beta of -0.56. Solaredge Technologies Inc has a fifty-two week low of $15.05 and a fifty-two week high of $58.20.

Solaredge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Wednesday, February 14th. The semiconductor company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.29. The firm had revenue of $189.34 million during the quarter, compared to analyst estimates of $179.78 million. Solaredge Technologies had a return on equity of 29.21% and a net margin of 13.87%. equities analysts anticipate that Solaredge Technologies Inc will post 2.48 EPS for the current year.

A number of institutional investors have recently made changes to their positions in SEDG. Wells Fargo & Company MN boosted its stake in Solaredge Technologies by 19.5% in the third quarter. Wells Fargo & Company MN now owns 10,291 shares of the semiconductor company’s stock valued at $294,000 after acquiring an additional 1,680 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new position in Solaredge Technologies in the fourth quarter valued at approximately $102,000. First Trust Advisors LP boosted its stake in Solaredge Technologies by 3.5% in the fourth quarter. First Trust Advisors LP now owns 82,852 shares of the semiconductor company’s stock valued at $3,111,000 after acquiring an additional 2,772 shares during the period. Meadow Creek Investment Management LLC acquired a new position in Solaredge Technologies in the fourth quarter valued at approximately $109,000. Finally, Northern Trust Corp boosted its stake in Solaredge Technologies by 3.3% in the second quarter. Northern Trust Corp now owns 102,236 shares of the semiconductor company’s stock valued at $2,046,000 after acquiring an additional 3,297 shares during the period. 65.65% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on SEDG shares. ValuEngine raised Solaredge Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub lowered Solaredge Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. Roth Capital set a $60.00 target price on Solaredge Technologies and gave the stock a “buy” rating in a research report on Thursday, February 15th. Cowen set a $53.00 target price on Solaredge Technologies and gave the stock a “buy” rating in a research report on Thursday, February 15th. Finally, Vertical Research raised Solaredge Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Solaredge Technologies currently has a consensus rating of “Buy” and an average target price of $46.47.

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About Solaredge Technologies

SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.

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

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