Rachel Prishkolnik Sells 30,000 Shares of SolarEdge Technologies, Inc. (SEDG) Stock
SolarEdge Technologies, Inc. (NASDAQ:SEDG) VP Rachel Prishkolnik sold 30,000 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $27.69, for a total transaction of $830,700.00. Following the transaction, the vice president now owns 20,000 shares of the company’s stock, valued at approximately $553,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of SolarEdge Technologies, Inc. (SEDG) traded down 0.265% during mid-day trading on Monday, reaching $28.275. 1,508,812 shares of the company’s stock traded hands. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 28.106 and a beta of 0.04. The firm’s 50-day moving average is $21.12 and its 200 day moving average is $16.89. SolarEdge Technologies, Inc. has a one year low of $11.35 and a one year high of $28.65.
SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.18. The business had revenue of $136.10 million during the quarter, compared to the consensus estimate of $125.07 million. SolarEdge Technologies had a return on equity of 21.01% and a net margin of 12.64%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. Analysts predict that SolarEdge Technologies, Inc. will post $1.77 earnings per share for the current year.
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Several large investors have recently modified their holdings of SEDG. Sei Investments Co. increased its stake in shares of SolarEdge Technologies by 380.4% in the second quarter. Sei Investments Co. now owns 6,005 shares of the semiconductor company’s stock valued at $120,000 after buying an additional 4,755 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in shares of SolarEdge Technologies during the first quarter valued at $173,000. AQR Capital Management LLC bought a new stake in shares of SolarEdge Technologies during the fourth quarter valued at $138,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of SolarEdge Technologies during the first quarter valued at $178,000. Finally, CAPROCK Group Inc. bought a new stake in shares of SolarEdge Technologies during the first quarter valued at $196,000. 57.28% of the stock is owned by hedge funds and other institutional investors.
SEDG has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and set a $30.00 price objective (up previously from $25.00) on shares of SolarEdge Technologies in a research report on Thursday. Deutsche Bank AG set a $25.00 price objective on shares of SolarEdge Technologies and gave the company a “buy” rating in a research report on Wednesday, June 14th. BidaskClub lowered shares of SolarEdge Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. UBS AG upgraded shares of SolarEdge Technologies from a “market perform” rating to an “outperform” rating in a research report on Tuesday, July 18th. Finally, Axiom Securities reiterated a “sell” rating on shares of SolarEdge Technologies in a research report on Friday, June 9th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $23.11.
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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