Zvi Lando Sells 20,000 Shares of SolarEdge Technologies, Inc. (SEDG) Stock

SolarEdge Technologies, Inc. (NASDAQ:SEDG) VP Zvi Lando sold 20,000 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $38.02, for a total transaction of $760,400.00. Following the completion of the sale, the vice president now owns 28,333 shares of the company’s stock, valued at approximately $1,077,220.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Zvi Lando also recently made the following trade(s):

  • On Friday, November 3rd, Zvi Lando sold 6,240 shares of SolarEdge Technologies stock. The shares were sold at an average price of $33.50, for a total transaction of $209,040.00.
  • On Monday, October 16th, Zvi Lando sold 10,000 shares of SolarEdge Technologies stock. The shares were sold at an average price of $30.36, for a total transaction of $303,600.00.

SolarEdge Technologies, Inc. (NASDAQ SEDG) opened at $38.17 on Wednesday. The stock has a market capitalization of $1,612.98, a PE ratio of 22.73, a price-to-earnings-growth ratio of 0.82 and a beta of 0.10. SolarEdge Technologies, Inc. has a 1-year low of $12.00 and a 1-year high of $39.45.

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SEDG has been the subject of a number of recent analyst reports. Deutsche Bank AG set a $30.00 price objective on shares of SolarEdge Technologies and gave the company a “buy” rating in a research report on Thursday, August 3rd. Canaccord Genuity restated a “buy” rating and issued a $30.00 price objective (up previously from $25.00) on shares of SolarEdge Technologies in a research report on Thursday, August 3rd. ValuEngine upgraded shares of SolarEdge Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Roth Capital upgraded shares of SolarEdge Technologies from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Thursday, July 27th. Finally, Cowen and Company restated a “buy” rating and issued a $31.00 price objective (up previously from $24.00) on shares of SolarEdge Technologies in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $33.42.

A number of hedge funds have recently added to or reduced their stakes in the business. Senvest Management LLC increased its holdings in SolarEdge Technologies by 2.8% during the 2nd quarter. Senvest Management LLC now owns 3,751,178 shares of the semiconductor company’s stock worth $75,024,000 after purchasing an additional 103,000 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of SolarEdge Technologies by 16.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,781,003 shares of the semiconductor company’s stock valued at $50,849,000 after acquiring an additional 254,056 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its holdings in shares of SolarEdge Technologies by 26.2% in the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 1,444,013 shares of the semiconductor company’s stock valued at $28,880,000 after acquiring an additional 300,000 shares in the last quarter. Ion Asset Management Ltd. bought a new position in shares of SolarEdge Technologies in the 2nd quarter valued at about $20,180,000. Finally, Janus Henderson Group PLC grew its holdings in shares of SolarEdge Technologies by 435.7% in the 2nd quarter. Janus Henderson Group PLC now owns 946,920 shares of the semiconductor company’s stock valued at $18,932,000 after acquiring an additional 770,166 shares in the last quarter. Hedge funds and other institutional investors own 60.00% of the company’s stock.

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.

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

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