Solaredge Technologies Inc (SEDG) Files Form 4 Insider Selling : Meir Adest Sells 2,735 Shares

Solaredge Technologies Inc (SEDG): Meir Adest , VP, Core Technologies of Solaredge Technologies Inc sold 2,735 shares on Apr 21, 2016. The Insider selling transaction was reported by the company on Apr 25, 2016 to the Securities and Exchange Commission. The shares were sold at $27.73 per share for a total value of $75,841.55 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 19, 2016, Meir Adest (VP, Core Technologies) sold 2,976 shares at $25.27 per share price.On Apr 7, 2016, Yoav Galin (VP, Research and Development) sold 5,089 shares at $25.70 per share price.Also, On Mar 14, 2016, Ronen Faier (Chief Financial Officer) sold 6,587 shares at $27.64 per share price.On Mar 10, 2016, Rachel Prishkolnik (VP General Counsel) sold 15,000 shares at $27.06 per share price.

Solaredge Technologies Inc: On Friday, Apr 22, 2016 heightened volatility was witnessed in Solaredge Technologies Inc which led to swings in the share price. The shares opened for trading at $27.79 and hit $28.385 on the upside , eventually ending the session at $27.96, with a gain of 0.36% or 0.1 points. The heightened volatility saw the trading volume jump to 6,34,373 shares. The 52-week high of the share price is $43 and the company has a market cap of $1,125 M . The 52-week low of the share price is at $15.02.

Solaredge Technologies Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Solaredge Technologies Inc is Initiated by Barclays to Overweight and the brokerage firm has set the Price Target at $35. The Rating was issued on Apr 4, 2016.Solaredge Technologies Inc is Initiated by JP Morgan to Overweight and the brokerage firm has set the Price Target at $34. The Rating was issued on Feb 23, 2016.Solaredge Technologies Inc is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 38 from a previous price target of $36 .The Rating was issued on Feb 4, 2016.Solaredge Technologies Inc is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 38 from a previous price target of $34 .The Rating was issued on Feb 4, 2016.

Solaredge Technologies Inc (SolarEdge) is a provider of solar power harvesting and photovoltaic (PV) monitoring solutions. The Company’s portfolio of products includes power optimizers PV inverters and a Web portal for module-level monitoring and fault detection. Its SolarEdge power optimizer is a DC/DC converter which is connected by installers to each PV module or embedded by module manufacturers replacing the solar junction box. Its SolarEdge DC-AC PV inverter works with the SolarEdge power optimizers. Its SolarEdge PV Monitoring Portal is a Web-based application that provides module-level string-level and system-wide monitoring. The Company’s customers include providers of solar PV systems to residential and commercial end users such as SolarCity SunRun Inc. and Vivint Solar Inc.

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Solaredge Technologies Inc - Is it time to Sell?

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