Solaredge Technologies Inc (NASDAQ:SEDG) VP Lior Handelsman sold 25,000 shares of Solaredge Technologies stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $38.10, for a total transaction of $952,500.00. Following the transaction, the vice president now directly owns 152,950 shares in the company, valued at $5,827,395. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Lior Handelsman also recently made the following trade(s):

  • On Tuesday, December 12th, Lior Handelsman sold 5,000 shares of Solaredge Technologies stock. The shares were sold at an average price of $36.25, for a total transaction of $181,250.00.

Shares of Solaredge Technologies Inc (NASDAQ SEDG) opened at $38.25 on Wednesday. The stock has a market cap of $1,640.94, a price-to-earnings ratio of 23.12, a P/E/G ratio of 0.83 and a beta of 0.17. Solaredge Technologies Inc has a 12 month low of $12.15 and a 12 month high of $39.90.

A number of research analysts have weighed in on SEDG shares. Axiom Securities reaffirmed a “sell” rating on shares of Solaredge Technologies in a research report on Thursday, August 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price target on shares of Solaredge Technologies in a research report on Tuesday, September 12th. Zacks Investment Research lowered shares of 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 shares of Solaredge Technologies and gave the company a “buy” rating in a research note on Sunday, October 15th. Finally, ValuEngine lowered shares of 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 assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $34.19.

Several large investors have recently modified their holdings of the stock. Senvest Management LLC increased its stake in shares of Solaredge Technologies by 2.8% in the second quarter. Senvest Management LLC now owns 3,751,178 shares of the semiconductor company’s stock worth $75,024,000 after buying an additional 103,000 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Solaredge Technologies by 16.6% in the third quarter. Bank of New York Mellon Corp now owns 1,781,003 shares of the semiconductor company’s stock worth $50,849,000 after buying an additional 254,056 shares during the last quarter. Ion Asset Management Ltd. bought a new stake in shares of Solaredge Technologies in the second quarter worth $20,180,000. Janus Henderson Group PLC increased its stake in shares of Solaredge Technologies by 435.7% in the second quarter. Janus Henderson Group PLC now owns 946,920 shares of the semiconductor company’s stock worth $18,932,000 after buying an additional 770,166 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Solaredge Technologies by 1.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 653,832 shares of the semiconductor company’s stock worth $13,077,000 after buying an additional 7,634 shares during the last quarter. Institutional investors and hedge funds own 67.53% of the company’s stock.

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About Solaredge Technologies

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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