Solaredge Technologies Inc (SEDG) Files Form 4 Insider Selling : Meir Adest Sells 2,957 Shares

Solaredge Technologies Inc (SEDG): Meir Adest , VP, Core Technologies of Solaredge Technologies Inc sold 2,957 shares on Apr 7, 2016. The Insider selling transaction was disclosed on Apr 11, 2016 to the Securities and Exchange Commission. The shares were sold at $25.23 per share for a total value of $74,605.11.

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.

Currently the company Insiders own 26.52% of Solaredge Technologies Inc shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -5.68%.Institutional Investors own 44.74% of Solaredge Technologies Inc shares.During last six month period, the net percent change held by insiders has seen a change of -8.48%.

Shares of Solaredge Technologies Inc (SEDG) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.36 points or -1.44% at $24.69 with 5,00,696 shares getting traded. Post opening the session at $25.06, the shares hit an intraday low of $24.6 and an intraday high of $25.15 and the price vacillated in this range throughout the day. The company has a market cap of $993 M and the number of outstanding shares has been calculated to be 4,02,20,183 shares. The 52-week high of Solaredge Technologies Inc is $43 and the 52-week low is $15.02.

Solaredge Technologies Inc Money Flow Index Chart

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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