Solaredge Technologies Inc (NASDAQ:SEDG) VP Sells $18,742.70 in Stock

Solaredge Technologies Inc (NASDAQ:SEDG) VP Rachel Prishkolnik sold 230 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $81.49, for a total value of $18,742.70. Following the transaction, the vice president now owns 331,397 shares of the company’s stock, valued at approximately $27,005,541.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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 value of $603,297.66.

SEDG traded down $1.50 on Wednesday, hitting $86.54. The company had a trading volume of 1,681,236 shares, compared to its average volume of 913,219. The company has a market cap of $4.29 billion, a PE ratio of 32.17, a PEG ratio of 1.21 and a beta of 0.02. Solaredge Technologies Inc has a 12-month low of $32.42 and a 12-month high of $96.69. The company has a quick ratio of 2.09, a current ratio of 2.49 and a debt-to-equity ratio of 0.04. The business’s fifty day simple moving average is $83.03 and its 200 day simple moving average is $73.30.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC boosted its position in shares of Solaredge Technologies by 639.7% during the second quarter. Cubist Systematic Strategies LLC now owns 64,831 shares of the semiconductor company’s stock valued at $4,049,000 after buying an additional 56,067 shares during the period. California Public Employees Retirement System boosted its position in shares of Solaredge Technologies by 111.9% during the third quarter. California Public Employees Retirement System now owns 91,193 shares of the semiconductor company’s stock valued at $7,635,000 after buying an additional 48,155 shares during the period. AlphaOne Investment Services LLC boosted its position in shares of Solaredge Technologies by 327.2% during the second quarter. AlphaOne Investment Services LLC now owns 4,007 shares of the semiconductor company’s stock valued at $250,000 after buying an additional 3,069 shares during the period. Ardsley Advisory Partners LP purchased a new position in shares of Solaredge Technologies during the second quarter valued at approximately $655,000. Finally, Isthmus Partners LLC purchased a new position in shares of Solaredge Technologies during the second quarter valued at approximately $210,000. Institutional investors own 81.49% of the company’s stock.

A number of brokerages have recently weighed in on SEDG. JMP Securities raised their price objective on Solaredge Technologies to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Needham & Company LLC began coverage on Solaredge Technologies in a research report on Monday. They set a “buy” rating and a $102.00 price objective for the company. Canaccord Genuity raised their price objective on Solaredge Technologies from $78.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Roth Capital cut their price objective on Solaredge Technologies from $105.00 to $100.00 in a research report on Monday, November 25th. Finally, Oppenheimer raised their price objective on Solaredge Technologies from $66.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $87.31.

About Solaredge Technologies

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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