Today, the VP Marketing&Product Strategy of SolarEdge Technologies (NASDAQ: SEDG), Lior Handelsman, sold shares of SEDG for $87.62K.
Following Lior Handelsman’s last SEDG Sell transaction on December 31, 2015, the stock climbed by 36.1%.
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Based on SolarEdge Technologies’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $210 million and quarterly net profit of $35.69 million. In comparison, last year the company earned revenue of $115 million and had a net profit of $14.18 million. SEDG’s market cap is $2.89B and the company has a P/E ratio of 28.20. Currently, SolarEdge Technologies has an average volume of 2.18M.
Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $63.89, reflecting a 1.3% upside.
The insider sentiment on SolarEdge Technologies has been negative according to 101 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Lior Handelsman’s trades have generated a 48.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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SolarEdge Technologies, Inc. engages in the operation of inverter solution for the harvesting and managing of photovoltaic solar power. Its products include power optimizer, inverter and monitoring portal. The company was founded by Guy Sella, Lior Handelsman, Yoav Galin, Meir Adest and Amir Fishelov in 2006 and is headquartered in Hod HaSharon, Israel.
