SolarEdge Technologies, Inc. (NASDAQ:SEDG) has made a 69.07% comeback from a 12-month low price of $32.42. It was seen -3.82% lower, changing the price to $54.82, when the closing bell rang on 6/12/2019. At a recent session, the prices were hovering between $56.01 and $57.46. This company shares are 7.62% off its target price of $59 and the current market capitalization stands at $2.59B. The recent change has given its price a 13.59% lead over SMA 50 and -5.97% deficit over its 52-week high. The stock witnessed 9.64% gains, 37.39% gains and 41.54% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SEDG’s volatility during a week at 3.14% and during a month it has been found around 3.13%.

SolarEdge Technologies, Inc. (SEDG) Top Holders

Institutional investors currently hold around $2.22 billion or 94.7% in SEDG stock. Look at its top three institutional owners: Blackrock Inc. owns $268.44 million in SolarEdge Technologies, Inc., which represents roughly 10.36% of the company’s market cap and approximately 12.08% of the institutional ownership. Similar statistics are true for the second largest owner, Nn Investment Partners Holdings N.V., which owns 3,665,512 shares of the stock are valued at $208.93 million. The third largest holder is Menora Mivtachim Holdings Ltd., which currently holds $159.97 million worth of this stock and that ownership represents nearly 6.18% of its market capitalization.

SolarEdge Technologies, Inc. 13F Filings

At the end of March reporting period, 114 institutional holders increased their position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by some 5,036,689 shares, 86 decreased positions by 4,501,481 and 44 held positions by 29,447,665. That puts total institutional holdings at 38,985,835 shares, according to SEC filings. The stock grabbed 32 new institutional investments totaling 2,036,233 shares while 28 institutional investors sold out their entire positions totaling 1,395,430 shares.

SolarEdge Technologies, Inc. (NASDAQ:SEDG) Insider Trades

Multiple company employees have indulged in significant insider trading. SolarEdge Technologies, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO Sella Guy has sold 309 shares of SolarEdge Technologies, Inc. (SEDG) in the trading session dated Jun. 03, 2019. These shares are worth $16,346 and were traded at $52.9 each. The SEC filing shows that Handelsman Lior performed a sale of 309 shares. The VP Marketing&Product Strategy disposed these shares by way of transaction on Jun. 03, 2019. The company’s shares were given away at $52.9 per share worth to an income of some $16,346 to the account of Handelsman Lior.

VP, Core Technologies, Adest Meir, sold 309 common shares of SolarEdge Technologies, Inc. (SEDG) in the open market. In a transaction dated Jun. 03, 2019, the shares were put up for sale at an average price of $52.9, raking in a sum of $16,346. After this sale, 326,397 common shares of SEDG are directly owned by the insider, with total stake valued at $17,893,084.

In the transaction dated Jun. 03, 2019, a great number of shares sold came courtesy the Vice President, Global Sales; Lando Zvi disposed a total of 309 shares at an average price of $52.9, amounting to approximately $16,346. The insider now directly owns 72,709 shares worth $3,985,907.

SolarEdge Technologies, Inc. (SEDG) Analyst Guide

Several analysts have released their opinion on SolarEdge Technologies, Inc. (NASDAQ:SEDG), with 3 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 5 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation [T1].