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 on Thursday, February 1st. The stock was sold at an average price of $35.46, for a total transaction of $531,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, January 2nd, Yoav Galin sold 15,000 shares of Solaredge Technologies stock. The stock was sold at an average price of $37.74, for a total transaction of $566,100.00.

Solaredge Technologies Inc (SEDG) traded up $0.22 during mid-day trading on Monday, reaching $34.80. 753,758 shares of the company’s stock were exchanged, compared to its average volume of 579,659. Solaredge Technologies Inc has a one year low of $12.30 and a one year high of $39.90. The company has a market capitalization of $1,500.00 and a PE ratio of 20.96.

Solaredge Technologies (NASDAQ:SEDG) last released its quarterly earnings results on Wednesday, November 8th. The semiconductor company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.16. Solaredge Technologies had a net margin of 14.06% and a return on equity of 22.07%. research analysts predict that Solaredge Technologies Inc will post 1.91 earnings per share for the current year.

A number of brokerages recently issued reports on SEDG. ValuEngine upgraded shares of Solaredge Technologies from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research cut shares of Solaredge Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. Roth Capital upped their price target on shares of Solaredge Technologies from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Needham & Company LLC upped their price target on shares of Solaredge Technologies from $30.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Finally, Vertical Group began coverage on shares of Solaredge Technologies in a report on Thursday, January 11th. They set a “sell” rating for the company. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Solaredge Technologies presently has a consensus rating of “Buy” and an average target price of $34.19.

Several institutional investors and hedge funds have recently made changes to their positions in SEDG. American International Group Inc. acquired a new position in shares of Solaredge Technologies during the third quarter valued at about $123,000. Pinebridge Investments L.P. acquired a new position in shares of Solaredge Technologies during the third quarter valued at about $125,000. Piedmont Investment Advisors LLC acquired a new position in shares of Solaredge Technologies during the third quarter valued at about $220,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Solaredge Technologies by 300.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,000 shares of the semiconductor company’s stock valued at $225,000 after buying an additional 4,500 shares during the last quarter. Finally, Koch Industries Inc. acquired a new position in shares of Solaredge Technologies during the second quarter valued at about $265,000. 67.09% of the stock is owned by institutional investors and hedge funds.

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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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