Solaredge Technologies Inc (SEDG) Files Form 4 Insider Selling : Meir Adest Sells 3,129 Shares

Solaredge Technologies Inc (SEDG): Meir Adest , VP, Core Technologies of Solaredge Technologies Inc sold 3,129 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $22.92 per share for a total value of $71,346.79 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 10, 2016, Yoav Galin (VP, Research and Development) sold 700 shares at $26.66 per share price.On May 3, 2016, Meir Adest (VP, Core Technologies) sold 2,633 shares at $27.55 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 Monday, May 16, 2016 heightened volatility was witnessed in Solaredge Technologies Inc which led to swings in the share price. The shares opened for trading at $17.91 and hit $19.1 on the upside , eventually ending the session at $18.23, with a gain of 4.11% or 0.72 points. The heightened volatility saw the trading volume jump to 14,78,534 shares. The 52-week high of the share price is $43 and the company has a market cap of $743 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 Reiterated by Needham to Buy while Lowering the Price Target of the company shares to $ 36 from a previous price target of $38 . The Rating was issued on May 10, 2016.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 (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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