Solaredge Technologies Inc (SEDG) VP Sells $952,500.00 in Stock

Solaredge Technologies Inc (NASDAQ:SEDG) VP Lior Handelsman sold 25,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $38.10, for a total transaction of $952,500.00. Following the completion of the sale, the vice president now owns 152,950 shares in the company, valued at approximately $5,827,395. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Lior Handelsman also recently made the following trade(s):

  • On Tuesday, December 12th, Lior Handelsman sold 5,000 shares of Solaredge Technologies stock. The shares were sold at an average price of $36.25, for a total transaction of $181,250.00.

Shares of Solaredge Technologies Inc (NASDAQ SEDG) opened at $38.20 on Thursday. The firm has a market capitalization of $1,645.24, a PE ratio of 23.18, a price-to-earnings-growth ratio of 0.84 and a beta of 0.17. Solaredge Technologies Inc has a twelve month low of $12.15 and a twelve month high of $39.90.

Several equities research analysts have recently commented on SEDG shares. Roth Capital boosted their target price on shares of Solaredge Technologies from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Needham & Company LLC lifted their price target on Solaredge Technologies from $30.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, November 9th. B. Riley raised 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. Canaccord Genuity reaffirmed a “buy” rating and issued a $36.00 price target (up from $30.00) on shares of Solaredge Technologies in a report on Monday, November 6th. Finally, BidaskClub cut Solaredge Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $34.19.

A number of large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in Solaredge Technologies during the 3rd quarter worth about $447,000. GSA Capital Partners LLP bought a new stake in Solaredge Technologies during the 3rd quarter worth about $511,000. Argent Capital Management LLC raised its holdings in Solaredge Technologies by 128.4% during the 3rd quarter. Argent Capital Management LLC now owns 97,185 shares of the semiconductor company’s stock worth $2,775,000 after purchasing an additional 54,640 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in Solaredge Technologies during the 3rd quarter worth about $220,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Solaredge Technologies during the 3rd quarter worth about $325,000. 67.53% of the stock is owned by hedge funds and other 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.

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

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