Solaredge Technologies Inc (NASDAQ:SEDG) VP Zvi Lando sold 648 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $34.78, for a total transaction of $22,537.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Zvi Lando also recently made the following trade(s):
- On Thursday, November 9th, Zvi Lando sold 20,000 shares of Solaredge Technologies stock. The stock was sold at an average price of $38.02, for a total transaction of $760,400.00.
- On Friday, November 3rd, Zvi Lando sold 6,240 shares of Solaredge Technologies stock. The stock was sold at an average price of $33.50, for a total transaction of $209,040.00.
- On Monday, October 16th, Zvi Lando sold 10,000 shares of Solaredge Technologies stock. The stock was sold at an average price of $30.36, for a total transaction of $303,600.00.
Solaredge Technologies Inc (NASDAQ SEDG) remained flat at $$34.55 during trading on Wednesday. 506,980 shares of the company’s stock traded hands, compared to its average volume of 843,813. The firm has a market cap of $1,443.08, a P/E ratio of 20.33, a P/E/G ratio of 0.73 and a beta of 0.17. Solaredge Technologies Inc has a fifty-two week low of $12.15 and a fifty-two week high of $39.90.
A number of equities research analysts have issued reports on SEDG shares. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 target price on shares of Solaredge Technologies in a research report on Tuesday, September 12th. ValuEngine downgraded shares of Solaredge Technologies from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of Solaredge Technologies from a “hold” rating to a “strong-buy” rating and set a $44.00 target price for the company in a research report on Tuesday, November 14th. J P Morgan Chase & Co increased their target price on shares of Solaredge Technologies to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. Finally, B. Riley upgraded shares of Solaredge Technologies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $18.00 to $45.00 in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Solaredge Technologies has a consensus rating of “Buy” and an average price target of $34.19.
Several institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in shares of Solaredge Technologies during the 3rd quarter valued at $447,000. GSA Capital Partners LLP bought a new position in shares of Solaredge Technologies during the 3rd quarter valued at $511,000. Argent Capital Management LLC raised its holdings in shares of Solaredge Technologies by 128.4% during the 3rd quarter. Argent Capital Management LLC now owns 97,185 shares of the semiconductor company’s stock valued at $2,775,000 after purchasing an additional 54,640 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in Solaredge Technologies in the 3rd quarter worth $220,000. Finally, Cubist Systematic Strategies LLC bought a new position in Solaredge Technologies in the 3rd quarter worth $325,000. Institutional investors and hedge funds own 67.88% 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.
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