SolarEdge Technologies, Inc. (NASDAQ:SEDG – Get Rating) VP Meir Adest sold 5,000 shares of the firm's stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $307.75, for a total value of $1,538,750.00. Following the completion of the sale, the vice president now directly owns 162,248 shares in the company, valued at $49,931,822. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Meir Adest also recently made the following trade(s):

• On Wednesday, September 7th, Meir Adest sold 2,278 shares of SolarEdge Technologies stock. The shares were sold at an average price of $306.56, for a total transaction of $698,343.68.
• On Monday, August 8th, Meir Adest sold 7,722 shares of SolarEdge Technologies stock. The stock was sold at an average price of $312.83, for a total value of $2,415,673.26.
• On Tuesday, July 26th, Meir Adest sold 1,352 shares of SolarEdge Technologies stock. The stock was sold at an average price of $300.68, for a total value of $406,519.36.
• On Monday, June 27th, Meir Adest sold 2,300 shares of SolarEdge Technologies stock. The stock was sold at an average price of $301.58, for a total value of $693,634.00.

SolarEdge Technologies Price Performance

SolarEdge Technologies stock traded down $6.40 during mid-day trading on Wednesday, reaching $287.96. The company had a trading volume of 871,683 shares, compared to its average volume of 999,578. SolarEdge Technologies, Inc. has a fifty-two week low of $200.86 and a fifty-two week high of $389.71. The company has a current ratio of 3.73, a quick ratio of 2.96 and a debt-to-equity ratio of 0.33. The company has a market cap of $15.95 billion, a P/E ratio of 114.98, a P/E/G ratio of 2.62 and a beta of 1.24. The business has a fifty day simple moving average of $302.37 and a 200 day simple moving average of $290.61.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SEDG. Morgan Stanley lifted their price target on shares of SolarEdge Technologies from $316.00 to $352.00 and gave the company an "equal weight" rating in a research report on Thursday, August 18th. Needham & Company LLC decreased their target price on SolarEdge Technologies from $390.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, August 3rd. StockNews.com raised shares of SolarEdge Technologies to a "sell" rating in a report on Saturday, July 2nd. Barclays began coverage on shares of SolarEdge Technologies in a report on Friday, August 5th. They issued an "equal weight" rating and a $389.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price target on shares of SolarEdge Technologies from $373.00 to $419.00 and gave the company an "overweight" rating in a report on Monday, August 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, SolarEdge Technologies currently has an average rating of "Moderate Buy" and an average target price of $359.68.

Hedge Funds Weigh In On SolarEdge Technologies

Several large investors have recently modified their holdings of SEDG. Steward Partners Investment Advisory LLC grew its holdings in SolarEdge Technologies by 79.2% in the second quarter. Steward Partners Investment Advisory LLC now owns 95 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 42 shares during the period. Elequin Capital LP acquired a new position in shares of SolarEdge Technologies during the first quarter valued at about $32,000. Chilton Capital Management LLC acquired a new position in shares of SolarEdge Technologies during the fourth quarter valued at about $28,000. AllSquare Wealth Management LLC acquired a new position in shares of SolarEdge Technologies during the second quarter valued at about $27,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of SolarEdge Technologies by 274.1% during the first quarter. First Horizon Advisors Inc. now owns 101 shares of the semiconductor company's stock valued at $33,000 after buying an additional 74 shares during the last quarter. Institutional investors own 81.86% of the company's stock.

About SolarEdge Technologies

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SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates through five segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. The company offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and small utility-scale solar installations; and a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters, as well as monitors and manages the solar PV system.

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