Investors Buy Large Volume of Solaredge Technologies Put Options (SEDG)

Solaredge Technologies Inc (NASDAQ:SEDG) was the target of unusually large options trading on Monday. Stock traders purchased 3,644 put options on the company. This is an increase of approximately 1,197% compared to the typical daily volume of 281 put options.

A number of analysts have issued reports on the company. BidaskClub downgraded Solaredge Technologies from a “buy” rating to a “hold” rating in a research note on Friday. ValuEngine raised Solaredge Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded Solaredge Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Roth Capital lifted their price objective on Solaredge Technologies from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Finally, Needham & Company LLC lifted their price objective on Solaredge Technologies from $30.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $34.19.

Solaredge Technologies (NASDAQ SEDG) opened at $32.20 on Friday. The company has a market capitalization of $1,390.00 and a P/E ratio of 19.40. Solaredge Technologies has a 1-year low of $12.70 and a 1-year high of $39.90.

Solaredge Technologies (NASDAQ:SEDG) last announced its earnings results on Wednesday, November 8th. The semiconductor company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.16. Solaredge Technologies had a return on equity of 22.07% and a net margin of 14.06%. analysts expect that Solaredge Technologies will post 1.91 earnings per share for the current year.

In other Solaredge Technologies news, VP Yoav Galin sold 15,000 shares of Solaredge Technologies stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $35.46, for a total value of $531,900.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Ronen Faier sold 33,032 shares of Solaredge Technologies stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $39.02, for a total value of $1,288,908.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,380 shares of company stock worth $4,841,790. Corporate insiders own 16.40% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. American International Group Inc. purchased a new position in Solaredge Technologies during the 3rd quarter valued at $123,000. Pinebridge Investments L.P. purchased a new position in Solaredge Technologies during the 3rd quarter valued at $125,000. Baird Financial Group Inc. purchased a new position in Solaredge Technologies during the 4th quarter valued at $213,000. UBS Asset Management Americas Inc. purchased a new position in Solaredge Technologies during the 4th quarter valued at $218,000. Finally, Piedmont Investment Advisors LLC purchased a new position in Solaredge Technologies during the 3rd quarter valued at $220,000. Institutional investors own 67.09% of the company’s stock.

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About Solaredge Technologies

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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