Solaredge Technologies Inc (NASDAQ:SEDG) CFO Ronen Faier sold 33,032 shares of Solaredge Technologies stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $39.02, for a total transaction of $1,288,908.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Ronen Faier also recently made the following trade(s):

  • On Friday, December 15th, Ronen Faier sold 30,000 shares of Solaredge Technologies stock. The stock was sold at an average price of $37.80, for a total transaction of $1,134,000.00.

Solaredge Technologies Inc (NASDAQ:SEDG) traded down $1.70 during mid-day trading on Thursday, hitting $37.35. 1,013,634 shares of the stock were exchanged, compared to its average volume of 776,467. The stock has a market capitalization of $1,610.00 and a PE ratio of 22.50. Solaredge Technologies Inc has a twelve month low of $12.25 and a twelve month high of $39.90.

Several hedge funds have recently added to or reduced their stakes in SEDG. Vanguard Group Inc. grew its stake in Solaredge Technologies by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 441,585 shares of the semiconductor company’s stock valued at $6,889,000 after acquiring an additional 15,881 shares in the last quarter. Sei Investments Co. grew its stake in Solaredge Technologies by 380.4% during the 2nd quarter. Sei Investments Co. now owns 6,005 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 4,755 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Solaredge Technologies by 24.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 101,566 shares of the semiconductor company’s stock valued at $2,032,000 after acquiring an additional 19,694 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Solaredge Technologies by 601.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,526,947 shares of the semiconductor company’s stock valued at $30,539,000 after acquiring an additional 1,309,184 shares in the last quarter. Finally, Swiss National Bank grew its stake in Solaredge Technologies by 19.5% during the 2nd quarter. Swiss National Bank now owns 44,700 shares of the semiconductor company’s stock valued at $894,000 after acquiring an additional 7,300 shares in the last quarter. 67.53% of the stock is owned by institutional investors and hedge funds.

SEDG has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $30.00 price objective on shares of Solaredge Technologies in a report on Tuesday, September 12th. Zacks Investment Research lowered shares of Solaredge Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Roth Capital set a $30.00 price objective on shares of Solaredge Technologies and gave the company a “buy” rating in a report on Sunday, October 15th. ValuEngine lowered shares of Solaredge Technologies from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Solaredge Technologies from $31.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Solaredge Technologies presently has an average rating of “Buy” and a consensus price target of $34.19.

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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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