Insider Selling: Solaredge Technologies Inc (SEDG) VP Sells 25,000 Shares of Stock

Solaredge Technologies Inc (NASDAQ:SEDG) VP Lior Handelsman sold 25,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $38.10, for a total value of $952,500.00. Following the transaction, the vice president now directly owns 152,950 shares of the company’s stock, valued at approximately $5,827,395. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Lior Handelsman also recently made the following trade(s):

  • On Tuesday, December 12th, Lior Handelsman sold 5,000 shares of Solaredge Technologies stock. The shares were sold at an average price of $36.25, for a total value of $181,250.00.

Solaredge Technologies Inc (NASDAQ SEDG) traded up $0.90 on Thursday, hitting $37.50. The stock had a trading volume of 715,900 shares, compared to its average volume of 675,389. Solaredge Technologies Inc has a twelve month low of $12.25 and a twelve month high of $39.90. The firm has a market capitalization of $1,610.00 and a PE ratio of 22.59.

Several equities research analysts recently commented on the company. Deutsche Bank lowered Solaredge Technologies from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a research report on Monday, November 27th. 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 report on Tuesday, November 14th. Vertical Group started coverage on Solaredge Technologies in a research report on Thursday. They set a “sell” rating for the company. BidaskClub lowered Solaredge Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $36.00 target price (up from $30.00) on shares of Solaredge Technologies in a report on Monday, November 6th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $34.19.

Several institutional investors and hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System increased its position in shares of Solaredge Technologies by 5.3% during the first quarter. California Public Employees Retirement System now owns 17,800 shares of the semiconductor company’s stock worth $278,000 after purchasing an additional 900 shares in the last quarter. Wells Fargo & Company MN increased its position in Solaredge Technologies by 19.5% in the 3rd quarter. Wells Fargo & Company MN now owns 10,291 shares of the semiconductor company’s stock valued at $294,000 after acquiring an additional 1,680 shares during the period. Northern Trust Corp increased its position in Solaredge Technologies by 3.3% in the 2nd quarter. Northern Trust Corp now owns 102,236 shares of the semiconductor company’s stock valued at $2,046,000 after acquiring an additional 3,297 shares during the period. Schroder Investment Management Group increased its position in Solaredge Technologies by 2.4% in the 2nd quarter. Schroder Investment Management Group now owns 138,517 shares of the semiconductor company’s stock valued at $2,791,000 after acquiring an additional 3,310 shares during the period. Finally, CAPROCK Group Inc. increased its position in Solaredge Technologies by 30.4% in the 3rd quarter. CAPROCK Group Inc. now owns 16,360 shares of the semiconductor company’s stock valued at $467,000 after acquiring an additional 3,815 shares during the period. Institutional investors and hedge funds own 67.53% of the company’s stock.

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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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