On November 13, 2024, Marcel Gani, Director at SolarEdge Technologies Inc (SEDG, Financial), purchased 20,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 53,035 shares of the company.
SolarEdge Technologies Inc specializes in the development, manufacturing, and sales of direct current (DC) optimized inverter systems for solar photovoltaic installations. The company's products aim to increase energy output through module-level Maximum Power Point Tracking (MPPT).
The transaction occurred with shares priced at $11.43, valuing the purchase at approximately $228,600. This acquisition has contributed to a total of three insider buys over the past year, with no insider sales reported during the same period.
The company's market cap stands at $743.501 million. According to GF Value, the stock is currently undervalued, with a GF Value of $88.07 and a price-to-GF-Value ratio of 0.13, indicating the stock is a possible value trap and investors should think twice before investing.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider buying trend and valuation metrics provide a snapshot of current market perceptions and the insider's confidence in the future performance of SolarEdge Technologies Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
