Solaredge Technologies Inc (NASDAQ:SEDG) CFO Ronen Faier sold 30,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $37.80, for a total value of $1,134,000.00. Following the sale, the chief financial officer now owns 91,666 shares in the company, valued at approximately $3,464,974.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Ronen Faier also recently made the following trade(s):
- On Wednesday, January 3rd, Ronen Faier sold 33,032 shares of Solaredge Technologies stock. The stock was sold at an average price of $39.02, for a total value of $1,288,908.64.
- On Wednesday, September 27th, Ronen Faier sold 30,000 shares of Solaredge Technologies stock. The stock was sold at an average price of $28.56, for a total value of $856,800.00.
Solaredge Technologies Inc (SEDG) traded up $0.90 during trading on Thursday, reaching $37.50. The company’s stock had a trading volume of 715,882 shares, compared to its average volume of 675,389. Solaredge Technologies Inc has a 52 week low of $12.25 and a 52 week high of $39.90. The firm has a market cap of $1,610.00 and a PE ratio of 22.59.
Several brokerages have weighed in on SEDG. Zacks Investment Research downgraded Solaredge Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Vertical Group began coverage on Solaredge Technologies in a report on Thursday. They set a “sell” rating on the stock. 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 report on Thursday, November 9th. ValuEngine downgraded Solaredge Technologies from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Finally, JPMorgan Chase & Co. increased their price objective on Solaredge Technologies to $43.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Solaredge Technologies currently has an average rating of “Buy” and a consensus price target of $34.19.
Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its position in Solaredge Technologies by 601.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,526,947 shares of the semiconductor company’s stock worth $30,539,000 after acquiring an additional 1,309,184 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Solaredge Technologies by 199.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 121,408 shares of the semiconductor company’s stock worth $3,497,000 after buying an additional 80,871 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Solaredge Technologies by 9.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 81,872 shares of the semiconductor company’s stock worth $1,278,000 after buying an additional 7,140 shares in the last quarter. Spears Abacus Advisors LLC purchased a new position in shares of Solaredge Technologies during the 2nd quarter worth approximately $366,000. Finally, Columbus Circle Investors purchased a new position in shares of Solaredge Technologies during the 3rd quarter worth approximately $4,557,000. 67.53% of the stock is owned by 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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