Solaredge Technologies Inc (SEDG) Files Form 4 Insider Selling : Yoav Galin Sells 1,626 Shares

Solaredge Technologies Inc (SEDG): Yoav Galin , VP, Research and Development of Solaredge Technologies Inc sold 1,626 shares on Jun 2, 2016. The Insider selling transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were sold at $21.37 per share for a total value of $34,747.62 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 6, 2016, Yoav Galin (VP, Research and Development) sold 10,874 shares at $21.01 per share price.On May 17, 2016, Meir Adest (VP, Core Technologies) sold 260 shares at $18.13 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.

Shares of Solaredge Technologies Inc (SEDG) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.26 points or -1.22% at $21.03 with 5,92,438 shares getting traded. Post opening the session at $21.33, the shares hit an intraday low of $20.9 and an intraday high of $21.387 and the price vacillated in this range throughout the day. The company has a market cap of $857 M and the number of outstanding shares has been calculated to be 4,07,30,849 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

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 (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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