SolarEdge Technologies, Inc. (NASDAQ:SEDG) VP Sells $573,002.00 in Stock – MarketBeat

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SolarEdge Technologies, Inc. (NASDAQ:SEDG – Get Rating) VP Rachel Prishkolnik sold 1,900 shares of the stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $301.58, for a total transaction of $573,002.00. Following the completion of the transaction, the vice president now owns 12,581 shares of the company’s stock, valued at $3,794,177.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Rachel Prishkolnik also recently made the following trade(s):

• On Wednesday, June 1st, Rachel Prishkolnik sold 61 shares of SolarEdge Technologies stock. The shares were sold at an average price of $273.61, for a total transaction of $16,690.21.

SEDG stock traded down $16.18 during midday trading on Wednesday, reaching $263.06. The company had a trading volume of 37,282 shares, compared to its average volume of 994,268. SolarEdge Technologies, Inc. has a 1 year low of $200.86 and a 1 year high of $389.71. The company has a current ratio of 4.33, a quick ratio of 3.57 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $14.57 billion, a P/E ratio of 83.54, a PEG ratio of 2.11 and a beta of 1.10. The company has a 50 day moving average of $264.67 and a two-hundred day moving average of $275.57.
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SolarEdge Technologies (NASDAQ:SEDG – Get Rating) last released its quarterly earnings results on Monday, May 2nd. The semiconductor company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.18). The business had revenue of $655.08 million for the quarter, compared to the consensus estimate of $634.70 million. SolarEdge Technologies had a net margin of 7.78% and a return on equity of 11.59%. On average, sell-side analysts anticipate that SolarEdge Technologies, Inc. will post 4.76 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in SEDG. Geode Capital Management LLC raised its holdings in shares of SolarEdge Technologies by 63.8% during the 4th quarter. Geode Capital Management LLC now owns 811,454 shares of the semiconductor company’s stock valued at $226,980,000 after purchasing an additional 316,001 shares in the last quarter. Pictet Asset Management SA raised its holdings in shares of SolarEdge Technologies by 30.1% during the 4th quarter. Pictet Asset Management SA now owns 1,284,822 shares of the semiconductor company’s stock valued at $360,483,000 after purchasing an additional 297,272 shares in the last quarter. Robeco Schweiz AG bought a new position in shares of SolarEdge Technologies during the 1st quarter valued at $94,454,000. 1832 Asset Management L.P. bought a new position in shares of SolarEdge Technologies during the 1st quarter valued at $86,575,000. Finally, Clearbridge Investments LLC raised its holdings in shares of SolarEdge Technologies by 120.4% during the 1st quarter. Clearbridge Investments LLC now owns 476,378 shares of the semiconductor company’s stock valued at $153,570,000 after purchasing an additional 260,203 shares in the last quarter. Institutional investors and hedge funds own 75.73% of the company’s stock.
Several research analysts have recently issued reports on the stock. BMO Capital Markets decreased their price objective on shares of SolarEdge Technologies from $405.00 to $372.00 in a report on Tuesday, May 3rd. Truist Financial assumed coverage on shares of SolarEdge Technologies in a report on Monday, May 2nd. They issued a “buy” rating and a $340.00 price objective for the company. Piper Sandler reduced their target price on shares of SolarEdge Technologies from $400.00 to $385.00 in a report on Thursday, April 21st. Cowen raised their target price on shares of SolarEdge Technologies from $344.00 to $370.00 in a report on Wednesday, March 30th. Finally, Morgan Stanley reduced their target price on shares of SolarEdge Technologies from $333.00 to $316.00 and set an “equal weight” rating for the company in a report on Monday, June 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, SolarEdge Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $350.81.
About SolarEdge Technologies (Get Rating)
SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates through five segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. The company offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and small utility-scale solar installations; and a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters, as well as monitors and manages the solar PV system.
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