Ronen Faier Sells 33,032 Shares of Solaredge Technologies Inc (SEDG) Stock

Solaredge Technologies Inc (NASDAQ:SEDG) CFO Ronen Faier sold 33,032 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $39.02, for a total value of $1,288,908.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Ronen Faier also recently made the following trade(s):

  • On Friday, December 15th, Ronen Faier sold 30,000 shares of Solaredge Technologies stock. The shares were sold at an average price of $37.80, for a total value of $1,134,000.00.

Solaredge Technologies Inc (NASDAQ SEDG) opened at $37.90 on Friday. Solaredge Technologies Inc has a 1-year low of $12.25 and a 1-year high of $39.90. The company has a market capitalization of $1,650.00 and a PE ratio of 22.83.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its holdings in shares of Solaredge Technologies by 19.5% in the 3rd quarter. Wells Fargo & Company MN now owns 10,291 shares of the semiconductor company’s stock valued at $294,000 after acquiring an additional 1,680 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Solaredge Technologies by 3.3% in the 2nd quarter. Northern Trust Corp now owns 102,236 shares of the semiconductor company’s stock valued at $2,046,000 after acquiring an additional 3,297 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of Solaredge Technologies by 2.4% in the 2nd quarter. Schroder Investment Management Group now owns 138,517 shares of the semiconductor company’s stock valued at $2,791,000 after acquiring an additional 3,310 shares during the last quarter. CAPROCK Group Inc. increased its holdings in shares of Solaredge Technologies by 30.4% in the 3rd quarter. CAPROCK Group Inc. now owns 16,360 shares of the semiconductor company’s stock valued at $467,000 after acquiring an additional 3,815 shares during the last quarter. Finally, American International Group Inc. purchased a new position in shares of Solaredge Technologies in the 3rd quarter valued at about $123,000. Institutional investors and hedge funds own 67.53% of the company’s stock.

A number of equities research analysts have issued reports on the company. Roth Capital increased their price target on Solaredge Technologies from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Needham & Company LLC increased their price target on Solaredge Technologies from $30.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research lowered Solaredge Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Canaccord Genuity reaffirmed a “buy” rating and issued a $36.00 price target (up previously from $30.00) on shares of Solaredge Technologies in a research report on Monday, November 6th. Finally, JPMorgan Chase & Co. increased their price target on Solaredge Technologies from $31.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $34.19.

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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.

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