Solaredge Technologies Inc (NASDAQ:SEDG) Director More Avery sold 4,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $131.19, for a total transaction of $524,760.00. Following the sale, the director now owns 231,360 shares of the company’s stock, valued at $30,352,118.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

More Avery also recently made the following trade(s):

  • On Sunday, February 23rd, More Avery sold 500 shares of Solaredge Technologies stock. The shares were sold at an average price of $137.92, for a total value of $68,960.00.

SEDG stock opened at $89.90 on Thursday. Solaredge Technologies Inc has a twelve month low of $36.28 and a twelve month high of $143.73. The company has a quick ratio of 1.74, a current ratio of 2.14 and a debt-to-equity ratio of 0.04. The company has a market cap of $3.42 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 0.56 and a beta of -0.23. The business’s 50-day simple moving average is $109.90 and its 200 day simple moving average is $94.45.

Solaredge Technologies (NASDAQ:SEDG) last posted its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.11 by $0.54. Solaredge Technologies had a return on equity of 20.03% and a net margin of 10.28%. The firm had revenue of $418.22 million during the quarter, compared to analysts’ expectations of $413.80 million. During the same quarter in the prior year, the firm posted $0.63 EPS. The company’s revenue for the quarter was up 58.6% on a year-over-year basis. On average, equities research analysts anticipate that Solaredge Technologies Inc will post 4.96 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC acquired a new position in shares of Solaredge Technologies in the fourth quarter valued at $27,000. Weaver Consulting Group bought a new position in Solaredge Technologies in the fourth quarter worth $34,000. Busey Wealth Management bought a new stake in Solaredge Technologies in the 4th quarter valued at $38,000. Vigilant Capital Management LLC bought a new stake in Solaredge Technologies in the 4th quarter valued at $48,000. Finally, Trustcore Financial Services LLC bought a new stake in Solaredge Technologies in the 4th quarter valued at $48,000. Institutional investors and hedge funds own 78.91% of the company’s stock.

Several research firms recently weighed in on SEDG. UBS Group boosted their price objective on Solaredge Technologies from $130.00 to $151.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Zacks Investment Research upgraded Solaredge Technologies from a “hold” rating to a “buy” rating and set a $159.00 target price for the company in a research note on Tuesday, February 25th. Barclays initiated coverage on Solaredge Technologies in a report on Wednesday. They issued an “equal weight” rating and a $99.00 target price on the stock. Credit Suisse Group lifted their price target on Solaredge Technologies from $85.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. upped their price target on Solaredge Technologies from $129.00 to $141.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $125.57.

Solaredge Technologies Company Profile

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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