SolarEdge Technologies, Inc. (NASDAQ:SEDG) VP Sells $16,690.21 in Stock

SolarEdge Technologies, Inc. (NASDAQ:SEDGGet Rating) VP Rachel Prishkolnik sold 61 shares of the stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $273.61, for a total transaction of $16,690.21. Following the transaction, the vice president now directly owns 14,481 shares in the company, valued at $3,962,146.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ SEDG traded up $8.86 during midday trading on Monday, hitting $307.20. The company’s stock had a trading volume of 42,481 shares, compared to its average volume of 1,006,729. SolarEdge Technologies, Inc. has a 1 year low of $200.86 and a 1 year high of $389.71. The business’s fifty day simple moving average is $275.09 and its two-hundred day simple moving average is $280.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.33 and a quick ratio of 3.57. The firm has a market capitalization of $17.01 billion, a price-to-earnings ratio of 100.59, a price-to-earnings-growth ratio of 2.24 and a beta of 1.10.

A number of institutional investors have recently modified their holdings of SEDG. Chilton Capital Management LLC purchased a new position in SolarEdge Technologies in the fourth quarter worth approximately $28,000. Elequin Capital LP purchased a new position in SolarEdge Technologies in the first quarter worth approximately $32,000. Sageworth Trust Co of South Dakota purchased a new position in SolarEdge Technologies in the fourth quarter worth approximately $33,000. Confluence Wealth Services Inc. purchased a new position in SolarEdge Technologies in the fourth quarter worth approximately $33,000. Finally, First Horizon Advisors Inc. lifted its stake in SolarEdge Technologies by 274.1% in the first quarter. First Horizon Advisors Inc. now owns 101 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 74 shares during the last quarter. Institutional investors own 75.73% of the company’s stock.

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of SolarEdge Technologies from $328.00 to $375.00 in a research report on Wednesday, March 30th. Zacks Investment Research upgraded shares of SolarEdge Technologies from a “strong sell” rating to a “hold” rating and set a $339.00 target price for the company in a research report on Tuesday, March 1st. Truist Financial assumed coverage on shares of SolarEdge Technologies in a research report on Monday, May 2nd. They issued a “buy” rating and a $340.00 target price for the company. UBS Group increased their target price on shares of SolarEdge Technologies from $280.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, February 16th. Finally, Cowen increased their target price on shares of SolarEdge Technologies from $344.00 to $370.00 in a research report on Wednesday, March 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, SolarEdge Technologies currently has an average rating of “Buy” and a consensus price target of $349.18.

SolarEdge Technologies Company Profile (Get Rating)

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates through five segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. The company offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and small utility-scale solar installations; and a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters, as well as monitors and manages the solar PV system.

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