Solaredge Technologies Inc (NASDAQ:SEDG) VP Sells $531,900.00 in Stock

Solaredge Technologies Inc (NASDAQ:SEDG) VP Yoav Galin sold 15,000 shares of the business’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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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 (NASDAQ SEDG) traded up $1.50 during trading hours on Wednesday, hitting $36.00. 983,800 shares of the stock traded hands, compared to its average volume of 675,099. The company has a market cap of $1,483.94, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 0.74 and a beta of 0.03. Solaredge Technologies Inc has a one year low of $13.50 and a one year high of $39.90.

SEDG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Solaredge Technologies from $31.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Canaccord Genuity reissued a “buy” rating and set a $36.00 target price (up previously from $30.00) on shares of Solaredge Technologies in a research report on Monday, November 6th. Needham & Company LLC boosted their target price on shares of Solaredge Technologies from $30.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Roth Capital boosted their target price on shares of Solaredge Technologies from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, BidaskClub lowered shares of Solaredge Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Solaredge Technologies has a consensus rating of “Buy” and a consensus price target of $34.19.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. bought a new stake in Solaredge Technologies in the fourth quarter valued at about $2,669,000. Alliancebernstein L.P. increased its stake in Solaredge Technologies by 20.4% in the fourth quarter. Alliancebernstein L.P. now owns 60,444 shares of the semiconductor company’s stock valued at $2,270,000 after acquiring an additional 10,253 shares during the period. WINTON GROUP Ltd increased its stake in Solaredge Technologies by 103.4% in the fourth quarter. WINTON GROUP Ltd now owns 152,408 shares of the semiconductor company’s stock valued at $5,723,000 after acquiring an additional 77,471 shares during the period. Geode Capital Management LLC increased its stake in Solaredge Technologies by 8.6% in the fourth quarter. Geode Capital Management LLC now owns 251,642 shares of the semiconductor company’s stock valued at $9,448,000 after acquiring an additional 20,022 shares during the period. Finally, Investec Asset Management LTD increased its stake in Solaredge Technologies by 31.6% in the fourth quarter. Investec Asset Management LTD now owns 56,567 shares of the semiconductor company’s stock valued at $2,124,000 after acquiring an additional 13,570 shares during the period. 66.34% of the stock is currently 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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