Yoav Galin Sells 15,000 Shares of Solaredge Technologies Inc (SEDG) Stock

Solaredge Technologies Inc (NASDAQ:SEDG) VP Yoav Galin sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $37.74, for a total value of $566,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Yoav Galin also recently made the following trade(s):

  • On Monday, November 6th, Yoav Galin sold 6,700 shares of Solaredge Technologies stock. The stock was sold at an average price of $34.07, for a total value of $228,269.00.
  • On Wednesday, November 1st, Yoav Galin sold 10,000 shares of Solaredge Technologies stock. The stock was sold at an average price of $32.82, for a total value of $328,200.00.

Solaredge Technologies Inc (NASDAQ SEDG) traded down $1.70 during trading on Thursday, reaching $37.35. The company’s stock had a trading volume of 1,013,634 shares, compared to its average volume of 776,467. The firm has a market capitalization of $1,610.00 and a price-to-earnings ratio of 22.50. Solaredge Technologies Inc has a 12 month low of $12.25 and a 12 month high of $39.90.

A number of institutional investors have recently bought and sold shares of SEDG. Senvest Management LLC lifted its position in shares of Solaredge Technologies by 2.8% in the second quarter. Senvest Management LLC now owns 3,751,178 shares of the semiconductor company’s stock valued at $75,024,000 after acquiring an additional 103,000 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Solaredge Technologies by 16.6% in the third quarter. Bank of New York Mellon Corp now owns 1,781,003 shares of the semiconductor company’s stock valued at $50,849,000 after acquiring an additional 254,056 shares in the last quarter. Ion Asset Management Ltd. purchased a new stake in shares of Solaredge Technologies in the second quarter valued at $20,180,000. Janus Henderson Group PLC lifted its position in shares of Solaredge Technologies by 435.7% in the second quarter. Janus Henderson Group PLC now owns 946,920 shares of the semiconductor company’s stock valued at $18,932,000 after acquiring an additional 770,166 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Solaredge Technologies by 4.3% in the second quarter. Vanguard Group Inc. now owns 460,446 shares of the semiconductor company’s stock valued at $9,209,000 after acquiring an additional 18,861 shares in the last quarter. 67.53% of the stock is currently owned by institutional investors.

Several research firms have recently commented on SEDG. B. Riley upgraded Solaredge Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $18.00 to $45.00 in a research note on Thursday, November 9th. ValuEngine cut Solaredge Technologies from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. JPMorgan Chase & Co. upped their price target on Solaredge Technologies to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, November 9th. Zacks Investment Research upgraded Solaredge Technologies from a “hold” rating to a “strong-buy” rating and set a $44.00 price target for the company in a research note on Tuesday, November 14th. Finally, Roth Capital set a $30.00 target price on Solaredge Technologies and gave the company a “buy” rating in a report on Sunday, October 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $34.19.

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Solaredge Technologies Company Profile

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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