In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Solaredge Technologies Inc (NASDAQ:SEDG) reported that Integrated Core Strategies (us) Llc has picked up 1,216,470 of common stock as of 2017-07-19.
The acquisition brings the aggregate amount owned by Integrated Core Strategies (us) Llc to a total of 1,216,470 representing a 2.9% in the company.
For those not familiar with the company, SolarEdge Technologies, Inc. offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management. The Company’s power optimizers provide module-level maximum power point (MPP) tracking and real-time adjustments of current and voltage to the optimal working point of each individual PV module. The Company’s solution consists of a direct current (DC) power optimizer, an inverter and a cloud-based monitoring platform that operates as a single integrated system.
A glance at Solaredge Technologies Inc (NASDAQ:SEDG)’s key stats reveals a current market capitalization of 905.90 Million based on 41.55 Million shares outstanding and a price at last close of $21.85 Per Share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2015-03-31, Farris picked up 0 at a purchase price of $0.00. This brings their total holding to 0 as of the date of the filing.
On the sell side, the most recent transaction saw Prishkolnik unload 300 shares at a sale price of $22.00. This brings their total holding to 26,814.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Solaredge Technologies Inc (NASDAQ:SEDG) as things move forward to see if its progress aligns with these transactions.Subscribe below and we’ll keep you on top of what’s happening before it moves markets.