Solaredge Technologies Inc (NASDAQ:SEDG) Director More Avery sold 500 shares of Solaredge Technologies stock in a transaction on Sunday, February 23rd. The shares were sold at an average price of $137.92, for a total value of $68,960.00. Following the completion of the transaction, the director now owns 231,360 shares in the company, valued at approximately $31,909,171.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
More Avery also recently made the following trade(s):
- On Tuesday, March 3rd, More Avery sold 4,000 shares of Solaredge Technologies stock. The shares were sold at an average price of $131.19, for a total value of $524,760.00.
Shares of SEDG stock opened at $90.45 on Friday. The firm has a market capitalization of $4.43 billion, a P/E ratio of 31.30, a P/E/G ratio of 0.69 and a beta of -0.23. Solaredge Technologies Inc has a twelve month low of $36.28 and a twelve month high of $143.73. The company has a quick ratio of 1.74, a current ratio of 2.14 and a debt-to-equity ratio of 0.04. The stock’s fifty day simple moving average is $109.62 and its 200 day simple moving average is $94.51.
Solaredge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data on Wednesday, February 19th. The semiconductor company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.54. The business had revenue of $418.22 million for the quarter, compared to analyst estimates of $413.80 million. Solaredge Technologies had a return on equity of 20.03% and a net margin of 10.28%. Solaredge Technologies’s quarterly revenue was up 58.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. As a group, equities research analysts expect that Solaredge Technologies Inc will post 4.96 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of SEDG. Man Group plc bought a new stake in shares of Solaredge Technologies in the 3rd quarter valued at about $1,065,000. M&G Investment Management Ltd. acquired a new position in shares of Solaredge Technologies in the 4th quarter valued at about $4,224,000. Clark Capital Management Group Inc. bought a new stake in Solaredge Technologies during the 4th quarter worth approximately $19,608,000. California Public Employees Retirement System grew its holdings in shares of Solaredge Technologies by 21.9% in the fourth quarter. California Public Employees Retirement System now owns 111,155 shares of the semiconductor company’s stock valued at $10,570,000 after acquiring an additional 19,962 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new position in shares of Solaredge Technologies in the fourth quarter valued at approximately $404,000. Institutional investors and hedge funds own 78.91% of the company’s stock.
SEDG has been the topic of several recent analyst reports. Credit Suisse Group lifted their price target on Solaredge Technologies from $85.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Northland Securities lowered Solaredge Technologies from an “outperform” rating to a “market perform” rating and set a $102.00 price target on the stock. in a research note on Monday, January 27th. Roth Capital reiterated a “buy” rating on shares of Solaredge Technologies in a research note on Monday, March 9th. Cascend Securities lifted their price target on Solaredge Technologies from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $156.00 price target (up previously from $88.00) on shares of Solaredge Technologies in a research note on Thursday, February 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. Solaredge Technologies has an average rating of “Buy” and an average target price of $125.57.
About Solaredge Technologies
SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. Its SolarEdge system consists of power optimizers, inverters, communication and smart energy management solutions, and a cloud based monitoring platform.
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