Insider Selling: Solaredge Technologies Inc (NASDAQ:SEDG) VP Sells 230 Shares of Stock

Solaredge Technologies Inc (NASDAQ:SEDG) VP Rachel Prishkolnik sold 230 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $81.49, for a total transaction of $18,742.70. Following the sale, the vice president now directly owns 331,397 shares in the company, valued at $27,005,541.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Rachel Prishkolnik also recently made the following trade(s):

  • On Monday, November 18th, Rachel Prishkolnik sold 7,833 shares of Solaredge Technologies stock. The shares were sold at an average price of $77.02, for a total transaction of $603,297.66.

NASDAQ:SEDG traded down $1.50 during mid-day trading on Wednesday, hitting $86.54. The company’s stock had a trading volume of 1,681,236 shares, compared to its average volume of 913,219. Solaredge Technologies Inc has a 1 year low of $32.42 and a 1 year high of $96.69. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.49 and a quick ratio of 2.09. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 1.21 and a beta of 0.02. The business’s fifty day moving average is $83.03 and its two-hundred day moving average is $73.30.

Solaredge Technologies (NASDAQ:SEDG) last posted its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.99 by $0.22. The company had revenue of $410.56 million for the quarter, compared to analyst estimates of $402.89 million. Solaredge Technologies had a net margin of 8.39% and a return on equity of 15.89%. The firm’s revenue was up 73.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.86 earnings per share. Analysts anticipate that Solaredge Technologies Inc will post 3 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of Solaredge Technologies from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Canaccord Genuity boosted their price objective on shares of Solaredge Technologies from $78.00 to $88.00 and gave the company a “buy” rating in a report on Monday, November 4th. Needham & Company LLC assumed coverage on shares of Solaredge Technologies in a report on Monday. They set a “buy” rating and a $102.00 price objective on the stock. UBS Group lowered shares of Solaredge Technologies from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $73.00 to $90.00 in a report on Thursday, August 22nd. Finally, Oppenheimer boosted their price objective on shares of Solaredge Technologies from $66.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $87.31.

Several institutional investors have recently modified their holdings of SEDG. Pathstone Family Office LLC acquired a new position in shares of Solaredge Technologies in the second quarter worth about $31,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Solaredge Technologies in the second quarter worth about $32,000. Westside Investment Management Inc. acquired a new position in shares of Solaredge Technologies in the second quarter worth about $35,000. Winslow Evans & Crocker Inc. raised its position in shares of Solaredge Technologies by 376.7% in the third quarter. Winslow Evans & Crocker Inc. now owns 410 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 324 shares during the period. Finally, Capital Investment Advisory Services LLC acquired a new position in shares of Solaredge Technologies in the third quarter worth about $38,000. Institutional investors and hedge funds own 81.49% of the company’s stock.

Solaredge Technologies Company Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. Its SolarEdge system consists of power optimizers, inverters, communication and smart energy management solutions, and a cloud based monitoring platform.

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Insider Buying and Selling by Quarter for Solaredge Technologies (NASDAQ:SEDG)

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