Ronen Faier Sells 33,032 Shares of Solaredge Technologies Inc (SEDG) Stock
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.
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.
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