Yoav Galin Sells 6,700 Shares of SolarEdge Technologies, Inc. (SEDG) Stock
SolarEdge Technologies, Inc. (NASDAQ:SEDG) VP Yoav Galin sold 6,700 shares of SolarEdge Technologies stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $34.07, for a total transaction of $228,269.00. Following the completion of the transaction, the vice president now directly owns 25,000 shares in the company, valued at approximately $851,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Yoav Galin also recently made the following trade(s):
- On Wednesday, November 1st, Yoav Galin sold 10,000 shares of SolarEdge Technologies stock. The shares were sold at an average price of $32.82, for a total transaction of $328,200.00.
- On Monday, October 2nd, Yoav Galin sold 15,000 shares of SolarEdge Technologies stock. The stock was sold at an average price of $28.64, for a total transaction of $429,600.00.
- On Tuesday, September 12th, Yoav Galin sold 15,000 shares of SolarEdge Technologies stock. The stock was sold at an average price of $26.35, for a total transaction of $395,250.00.
Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) traded down $1.20 during midday trading on Tuesday, reaching $32.45. 845,030 shares of the company traded hands, compared to its average volume of 691,866. The firm has a market cap of $1,420.00 and a P/E ratio of 22.99. The company has a current ratio of 4.64, a quick ratio of 3.92 and a debt-to-equity ratio of 0.01. SolarEdge Technologies, Inc. has a 1-year low of $11.35 and a 1-year high of $34.65.
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SEDG has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 target price on shares of SolarEdge Technologies in a research report on Tuesday, September 12th. Zacks Investment Research raised shares of SolarEdge Technologies from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research report on Thursday, July 20th. ValuEngine lowered shares of SolarEdge Technologies from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Roth Capital set a $30.00 target price on shares of SolarEdge Technologies and gave the stock a “buy” rating in a research report on Sunday, October 15th. Finally, CIBC upgraded shares of SolarEdge Technologies from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. SolarEdge Technologies currently has a consensus rating of “Buy” and a consensus target price of $26.73.
Large investors have recently made changes to their positions in the business. Sei Investments Co. raised its holdings in SolarEdge Technologies by 380.4% during the 2nd quarter. Sei Investments Co. now owns 6,005 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 4,755 shares during the last quarter. Globeflex Capital L P bought a new stake in SolarEdge Technologies during the 2nd quarter worth about $157,000. Crossmark Global Holdings Inc. bought a new stake in SolarEdge Technologies during the 3rd quarter worth about $280,000. ETF Managers Group LLC bought a new stake in SolarEdge Technologies during the 2nd quarter worth about $226,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in SolarEdge Technologies during the 3rd quarter worth about $380,000. 56.99% of the stock is owned by hedge funds and other institutional investors.
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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