Yesterday, the VP, Global Sales of SolarEdge Technologies (SEDG), Zvi Lando, bought shares of SEDG for $70.37K.
Following this transaction Zvi Lando’s holding in the company was increased by 39.34% to a total of $6.04 million. In addition to Zvi Lando, 3 other SEDG executives reported Buy trades in the last month.
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Based on SolarEdge Technologies’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $325 million and quarterly net profit of $33.13 million. In comparison, last year the company earned revenue of $227 million and had a net profit of $34.57 million. The company has a one-year high of $89.43 and a one-year low of $32.43. Currently, SolarEdge Technologies has an average volume of 765.33K.
Seven different firms, including Canaccord Genuity and Cowen & Co., currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $1.37M worth of SEDG shares and purchased $201.1K worth of SEDG shares. The insider sentiment on SolarEdge Technologies has been neutral according to 31 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
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SolarEdge Technologies, Inc. engages in the operation of inverter solution for the harvesting and managing of photovoltaic solar power. The company’s products include power optimizer, inverter and monitoring portal. It offers residential solutions, commercial solutions, and grid services.