Enphase Energy Inc (ENPH) CFO Humberto Garcia Sells 16,375 Shares

Enphase Energy Inc (NASDAQ:ENPH) CFO Humberto Garcia sold 16,375 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $2.75, for a total value of $45,031.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Humberto Garcia also recently made the following trade(s):

  • On Thursday, February 8th, Humberto Garcia sold 2,611 shares of Enphase Energy stock. The shares were sold at an average price of $2.30, for a total value of $6,005.30.

Shares of Enphase Energy Inc (NASDAQ:ENPH) traded down $0.27 during trading hours on Tuesday, reaching $2.55. The company’s stock had a trading volume of 1,174,612 shares, compared to its average volume of 950,603. Enphase Energy Inc has a one year low of $0.65 and a one year high of $3.45. The firm has a market capitalization of $227.52, a P/E ratio of -3.45 and a beta of 1.36. The company has a debt-to-equity ratio of -4.75, a current ratio of 1.59 and a quick ratio of 1.30.

A number of large investors have recently made changes to their positions in ENPH. Tenzing Global Management LLC lifted its holdings in Enphase Energy by 600.0% in the third quarter. Tenzing Global Management LLC now owns 4,200,000 shares of the semiconductor company’s stock valued at $6,384,000 after acquiring an additional 3,600,000 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Enphase Energy by 10,872.8% in the second quarter. Goldman Sachs Group Inc. now owns 1,846,393 shares of the semiconductor company’s stock valued at $1,597,000 after acquiring an additional 1,829,566 shares during the period. Gilder Gagnon Howe & Co. LLC lifted its holdings in Enphase Energy by 119.2% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,672,927 shares of the semiconductor company’s stock valued at $2,543,000 after acquiring an additional 909,801 shares during the period. EAM Investors LLC acquired a new position in Enphase Energy in the fourth quarter valued at approximately $2,086,000. Finally, Royce & Associates LP acquired a new position in Enphase Energy in the fourth quarter valued at approximately $1,533,000. 24.63% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on ENPH shares. Craig Hallum reiterated a “buy” rating and issued a $4.00 target price on shares of Enphase Energy in a research report on Monday, November 20th. Cowen reiterated a “buy” rating and issued a $2.25 target price on shares of Enphase Energy in a research report on Friday, November 10th. Zacks Investment Research upgraded Enphase Energy from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research report on Friday, January 12th. Oppenheimer reiterated a “buy” rating on shares of Enphase Energy in a research report on Monday, February 5th. Finally, ValuEngine lowered Enphase Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Enphase Energy has a consensus rating of “Hold” and a consensus target price of $2.10.

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Enphase Energy Company Profile

Enphase Energy, Inc is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity.

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