SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report) Chairman More Avery acquired 30,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $13.70 per share, for a total transaction of $411,000.00. Following the completion of the purchase, the chairman now directly owns 274,478 shares in the company, valued at $3,760,348.60. This trade represents a 12.27 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
SolarEdge Technologies Price Performance
Shares of NASDAQ:SEDG opened at $16.02 on Friday. SolarEdge Technologies, Inc. has a one year low of $10.24 and a one year high of $78.41. The business's fifty day moving average price is $15.02 and its two-hundred day moving average price is $16.86. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.46 and a current ratio of 1.95. The stock has a market cap of $941.70 million, a PE ratio of -0.51 and a beta of 1.56.
Analysts Set New Price Targets
Several research analysts recently weighed in on SEDG shares. Royal Bank of Canada upped their price objective on shares of SolarEdge Technologies from $14.00 to $15.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 20th. Barclays lifted their price target on shares of SolarEdge Technologies from $7.00 to $10.00 and gave the company an "underweight" rating in a report on Tuesday, January 14th. BMO Capital Markets lowered SolarEdge Technologies from a "market perform" rating to an "underperform" rating and raised their price objective for the company from $13.00 to $15.00 in a research report on Thursday, February 20th. Piper Sandler boosted their target price on SolarEdge Technologies from $9.00 to $10.00 and gave the stock an "underweight" rating in a research report on Thursday, February 20th. Finally, StockNews.com upgraded SolarEdge Technologies to a "sell" rating in a research note on Friday, November 8th. Ten analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $21.65.
View Our Latest Analysis on SolarEdge Technologies
Institutional Investors Weigh In On SolarEdge Technologies
Several hedge funds have recently made changes to their positions in SEDG. Point72 Asset Management L.P. purchased a new position in shares of SolarEdge Technologies in the 4th quarter worth $17,909,000. Ion Asset Management Ltd. purchased a new position in shares of SolarEdge Technologies in the 4th quarter worth $12,005,000. Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of SolarEdge Technologies by 14.9% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,953,698 shares of the semiconductor company's stock worth $67,370,000 after buying an additional 641,915 shares during the period. Assenagon Asset Management S.A. raised its position in shares of SolarEdge Technologies by 182.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 874,113 shares of the semiconductor company's stock worth $11,888,000 after buying an additional 564,490 shares during the period. Finally, Legal & General Group Plc raised its position in shares of SolarEdge Technologies by 67.6% in the 4th quarter. Legal & General Group Plc now owns 1,269,298 shares of the semiconductor company's stock worth $17,262,000 after buying an additional 512,035 shares during the period. Institutional investors and hedge funds own 95.10% of the company's stock.
About SolarEdge Technologies
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Get Free Report)
SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.
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