Solaredge Technologies Inc (NASDAQ:SEDG) CFO Ronen Faier sold 30,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $37.80, for a total value of $1,134,000.00. Following the transaction, the chief financial officer now owns 91,666 shares of the company’s stock, valued at $3,464,974.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Ronen Faier also recently made the following trade(s):

  • On Wednesday, September 27th, Ronen Faier sold 30,000 shares of Solaredge Technologies stock. The shares were sold at an average price of $28.56, for a total value of $856,800.00.

Solaredge Technologies Inc (NASDAQ SEDG) opened at $38.20 on Thursday. The stock has a market capitalization of $1,650.00 and a PE ratio of 23.45. Solaredge Technologies Inc has a 52 week low of $12.15 and a 52 week high of $39.90.

SEDG has been the subject of a number of research analyst reports. Axiom Securities restated a “sell” rating on shares of Solaredge Technologies in a report on Thursday, August 31st. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price objective on shares of Solaredge Technologies in a research note on Tuesday, September 12th. Zacks Investment Research cut Solaredge Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Roth Capital set a $30.00 price objective on Solaredge Technologies and gave the company a “buy” rating in a research note on Sunday, October 15th. Finally, ValuEngine cut Solaredge Technologies from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $34.19.

Hedge funds have recently bought and sold shares of the stock. Sei Investments Co. lifted its stake in Solaredge Technologies by 380.4% during the second 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. American International Group Inc. purchased a new stake in Solaredge Technologies during the third quarter worth approximately $123,000. Pinebridge Investments L.P. purchased a new stake in Solaredge Technologies during the third quarter worth approximately $125,000. Globeflex Capital L P purchased a new stake in Solaredge Technologies during the second quarter worth approximately $157,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in Solaredge Technologies during the third quarter worth approximately $220,000. Hedge funds and other institutional investors own 67.53% of the company’s stock.

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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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