The VP,GC&Corporate Secretary of SolarEdge Technologies (SEDG) is Buying Shares

Yesterday, the VP,GC&Corporate Secretary of SolarEdge Technologies (SEDG), Rachel Prishkolnik, bought shares of SEDG for $65.64K.

Following Rachel Prishkolnik’s last SEDG Buy transaction on June 27, 2017, the stock climbed by 62.7%. This recent transaction increases Rachel Prishkolnik’s holding in the company by 4.96% to a total of $3.95 million.

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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.

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