Solaredge Technologies Inc (NASDAQ:SEDG) VP Lior Handelsman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $36.25, for a total transaction of $181,250.00. Following the completion of the sale, the vice president now owns 177,950 shares of the company’s stock, valued at $6,450,687.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Solaredge Technologies Inc (NASDAQ:SEDG) opened at $38.15 on Friday. The firm has a market cap of $1,640.95, a P/E ratio of 23.12, a P/E/G ratio of 0.83 and a beta of 0.17. Solaredge Technologies Inc has a 1 year low of $12.15 and a 1 year high of $39.90.

Several institutional investors and hedge funds have recently made changes to their positions in SEDG. California Public Employees Retirement System grew its position in Solaredge Technologies by 5.3% in the 1st quarter. California Public Employees Retirement System now owns 17,800 shares of the semiconductor company’s stock worth $278,000 after purchasing an additional 900 shares during the period. Vanguard Group Inc. grew its position in Solaredge Technologies by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 441,585 shares of the semiconductor company’s stock worth $6,889,000 after purchasing an additional 15,881 shares during the period. Geode Capital Management LLC grew its position in Solaredge Technologies by 17.1% in the 1st quarter. Geode Capital Management LLC now owns 213,989 shares of the semiconductor company’s stock worth $3,338,000 after purchasing an additional 31,237 shares during the period. Dimensional Fund Advisors LP grew its position in Solaredge Technologies by 172.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 164,803 shares of the semiconductor company’s stock worth $2,571,000 after purchasing an additional 104,383 shares during the period. Finally, Morgan Stanley grew its position in Solaredge Technologies by 97.0% in the 1st quarter. Morgan Stanley now owns 127,853 shares of the semiconductor company’s stock worth $1,995,000 after purchasing an additional 62,968 shares during the period. 67.88% of the stock is owned by institutional investors.

Several analysts have commented on the stock. Axiom Securities restated a “sell” rating on shares of Solaredge Technologies in a report on Thursday, August 31st. BidaskClub lowered shares of Solaredge Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Roth Capital raised their price objective on shares of Solaredge Technologies from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Needham & Company LLC raised their price objective on shares of Solaredge Technologies from $30.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, Zacks Investment Research lowered shares of Solaredge Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $34.19.

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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.

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

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