Zvi Lando Sells 648 Shares of Solaredge Technologies Inc (SEDG) Stock

Solaredge Technologies Inc (NASDAQ:SEDG) VP Zvi Lando sold 648 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is accessible through this link.

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.

Shares of Solaredge Technologies Inc (NASDAQ SEDG) traded up $1.60 during mid-day trading on Thursday, hitting $36.15. 678,411 shares of the stock were exchanged, compared to its average volume of 843,112. Solaredge Technologies Inc has a fifty-two week low of $12.15 and a fifty-two week high of $39.90. The stock has a market cap of $1,486.09, a P/E ratio of 20.94, a PEG ratio of 0.76 and a beta of 0.17.

Several hedge funds have recently modified their holdings of the company. Senvest Management LLC raised its stake in shares of Solaredge Technologies by 2.8% in the 2nd quarter. Senvest Management LLC now owns 3,751,178 shares of the semiconductor company’s stock valued at $75,024,000 after acquiring an additional 103,000 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Solaredge Technologies by 16.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,781,003 shares of the semiconductor company’s stock valued at $50,849,000 after acquiring an additional 254,056 shares during the period. Ion Asset Management Ltd. purchased a new position in shares of Solaredge Technologies in the 2nd quarter valued at $20,180,000. Janus Henderson Group PLC raised its stake in shares of Solaredge Technologies by 435.7% in the 2nd quarter. Janus Henderson Group PLC now owns 946,920 shares of the semiconductor company’s stock valued at $18,932,000 after acquiring an additional 770,166 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Solaredge Technologies by 1.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 653,832 shares of the semiconductor company’s stock valued at $13,077,000 after acquiring an additional 7,634 shares during the period. 67.88% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on SEDG. Barclays restated an “overweight” rating and set a $28.00 target price (up previously from $21.00) on shares of Solaredge Technologies in a research report on Wednesday, August 9th. Axiom Securities reiterated a “sell” rating on shares of Solaredge Technologies in a report on Thursday, August 10th. Canaccord Genuity reiterated a “buy” rating and issued a $30.00 price target (up previously from $25.00) on shares of Solaredge Technologies in a report on Wednesday, August 9th. B. Riley upgraded shares of Solaredge Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $18.00 to $45.00 in a report on Thursday, November 9th. Finally, ValuEngine lowered shares of Solaredge Technologies from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $34.19.

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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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