Solaredge Technologies Inc (NASDAQ:SEDG) Director Doron Inbar sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $53.26, for a total value of $1,065,200.00. Following the transaction, the director now directly owns 173,333 shares in the company, valued at $9,231,715.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Solaredge Technologies Inc (NASDAQ:SEDG) traded up $0.65 on Wednesday, reaching $54.70. The company’s stock had a trading volume of 672,583 shares, compared to its average volume of 909,838. The company has a market cap of $2,350.00 and a price-to-earnings ratio of 24.31. Solaredge Technologies Inc has a 1 year low of $13.50 and a 1 year high of $55.55.
Solaredge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data on Wednesday, February 14th. The semiconductor company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates 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%. research analysts forecast that Solaredge Technologies Inc will post 2.45 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of SEDG. Arrowstreet Capital Limited Partnership increased its holdings in Solaredge Technologies by 2,778.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 670,681 shares of the semiconductor company’s stock worth $25,184,000 after purchasing an additional 647,381 shares in the last quarter. Meitav Dash Investments Ltd. bought a new position in shares of Solaredge Technologies in the fourth quarter valued at approximately $15,512,000. Shell Asset Management Co. bought a new position in shares of Solaredge Technologies in the fourth quarter valued at approximately $13,525,000. Principal Financial Group Inc. bought a new position in shares of Solaredge Technologies in the third quarter valued at approximately $7,611,000. Finally, Bank of New York Mellon Corp grew its holdings 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. 65.65% of the stock is owned by hedge funds and other institutional investors.
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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.
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