Lior Handelsman Sells 59,298 Shares of SolarEdge (SEDG) Stock

SolarEdge (NASDAQ:SEDG) VP Lior Handelsman sold 59,298 shares of the company’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $68.77, for a total transaction of $4,077,923.46. Following the completion of the transaction, the vice president now owns 94,943 shares in the company, valued at $6,529,230.11. The sale was disclosed in a filing with the SEC, which is available through this link.

Lior Handelsman also recently made the following trade(s):

  • On Friday, May 11th, Lior Handelsman sold 32,548 shares of SolarEdge stock. The stock was sold at an average price of $63.54, for a total transaction of $2,068,099.92.

NASDAQ SEDG opened at $66.45 on Friday. SolarEdge has a 52-week low of $17.55 and a 52-week high of $70.74. The company has a market cap of $3.04 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 1.01 and a beta of -0.54.

SolarEdge (NASDAQ:SEDG) last released its quarterly earnings data on Wednesday, February 14th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.29. SolarEdge had a net margin of 15.06% and a return on equity of 32.27%. The firm had revenue of $189.34 million for the quarter, compared to the consensus estimate of $179.78 million. analysts predict that SolarEdge will post 2.78 EPS for the current year.

A number of equities analysts have commented on SEDG shares. ValuEngine upgraded shares of SolarEdge from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub downgraded shares of SolarEdge from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. B. Riley set a $48.00 target price on shares of SolarEdge and gave the stock a “buy” rating in a research note on Thursday, February 15th. Vertical Group upgraded shares of SolarEdge from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Finally, JPMorgan Chase upped their target price on shares of SolarEdge from $43.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. SolarEdge presently has a consensus rating of “Buy” and an average price target of $56.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SEDG. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of SolarEdge during the fourth quarter valued at approximately $102,000. Meadow Creek Investment Management LLC bought a new position in shares of SolarEdge during the fourth quarter valued at approximately $109,000. Sei Investments Co. boosted its stake in shares of SolarEdge by 114.4% during the first quarter. Sei Investments Co. now owns 3,107 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 1,658 shares in the last quarter. Elkfork Partners LLC bought a new position in shares of SolarEdge during the fourth quarter valued at approximately $190,000. Finally, Highbridge Capital Management LLC bought a new position in shares of SolarEdge during the first quarter valued at approximately $203,000. Hedge funds and other institutional investors own 67.17% of the company’s stock.

SolarEdge Company Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in Israel, the United States, the Netherlands, Europe, and internationally. The company's DC optimized inverter systems include power optimizers and inverters, as well as a cloud-based monitoring platform.

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

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