Solaredge Technologies Inc (NASDAQ:SEDG) CEO Guy Sella sold 291 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $39.36, for a total transaction of $11,453.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of SEDG stock traded up $1.84 on Thursday, reaching $40.38. The company’s stock had a trading volume of 1,721,894 shares, compared to its average volume of 972,503. Solaredge Technologies Inc has a 1 year low of $30.80 and a 1 year high of $70.74. The firm has a market cap of $1.76 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 0.64 and a beta of -0.42.

Solaredge Technologies (NASDAQ:SEDG) last posted its earnings results on Thursday, November 1st. The semiconductor company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. Solaredge Technologies had a net margin of 15.69% and a return on equity of 33.12%. The firm had revenue of $236.60 million during the quarter, compared to analyst estimates of $234.19 million. During the same period last year, the firm posted $0.66 earnings per share. Solaredge Technologies’s revenue for the quarter was up 42.1% compared to the same quarter last year. As a group, research analysts anticipate that Solaredge Technologies Inc will post 2.73 EPS for the current fiscal year.

A number of equities research analysts have issued reports on SEDG shares. BidaskClub lowered shares of Solaredge Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday, September 29th. ValuEngine lowered shares of Solaredge Technologies from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. B. Riley set a $60.00 price objective on shares of Solaredge Technologies and gave the company a “buy” rating in a report on Friday, November 2nd. Zacks Investment Research lowered shares of Solaredge Technologies from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Finally, Vertical Group set a $29.00 price objective on shares of Solaredge Technologies and gave the company a “sell” rating in a report on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.17.

Several hedge funds have recently bought and sold shares of SEDG. NN Investment Partners Holdings N.V. grew its holdings in shares of Solaredge Technologies by 39.5% in the third quarter. NN Investment Partners Holdings N.V. now owns 3,394,855 shares of the semiconductor company’s stock valued at $127,818,000 after purchasing an additional 960,411 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Solaredge Technologies by 15.7% in the third quarter. BlackRock Inc. now owns 4,290,970 shares of the semiconductor company’s stock valued at $161,555,000 after purchasing an additional 582,451 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Solaredge Technologies by 7,753.6% in the second quarter. OppenheimerFunds Inc. now owns 536,084 shares of the semiconductor company’s stock valued at $25,651,000 after purchasing an additional 529,258 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Solaredge Technologies by 59.4% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,228,457 shares of the semiconductor company’s stock valued at $58,782,000 after purchasing an additional 457,908 shares in the last quarter. Finally, Psagot Investment House Ltd. boosted its stake in Solaredge Technologies by 138.2% during the third quarter. Psagot Investment House Ltd. now owns 723,454 shares of the semiconductor company’s stock worth $27,238,000 after buying an additional 419,781 shares during the period. 79.78% of the stock is owned by hedge funds and other institutional investors.

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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 in Israel, the United States, the Netherlands, Europe, and internationally. The company's DC optimized inverter systems include power optimizers and inverters, as well as a cloud-based monitoring platform.

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Insider Buying and Selling by Quarter for Solaredge Technologies (NASDAQ:SEDG)

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