Enphase Energy, Inc. (NASDAQ:ENPH) CEO Sells $7,730,000.00 in Stock

Enphase Energy, Inc. (NASDAQ:ENPHGet Rating) CEO Badrinarayanan Kothandaraman sold 38,650 shares of the firm’s stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $200.00, for a total transaction of $7,730,000.00. Following the completion of the sale, the chief executive officer now owns 1,059,051 shares in the company, valued at $211,810,200. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Badrinarayanan Kothandaraman also recently made the following trade(s):

  • On Friday, June 10th, Badrinarayanan Kothandaraman sold 77,700 shares of Enphase Energy stock. The shares were sold at an average price of $196.42, for a total transaction of $15,261,834.00.

NASDAQ:ENPH opened at $184.64 on Thursday. The company has a fifty day moving average of $176.50 and a 200-day moving average of $171.18. The firm has a market capitalization of $24.93 billion, a P/E ratio of 157.81, a P/E/G ratio of 2.05 and a beta of 1.41. The company has a quick ratio of 3.22, a current ratio of 3.44 and a debt-to-equity ratio of 3.62. Enphase Energy, Inc. has a twelve month low of $113.40 and a twelve month high of $282.46.

Enphase Energy (NASDAQ:ENPHGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The semiconductor company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $441.29 million during the quarter, compared to analyst estimates of $434.21 million. Enphase Energy had a net margin of 10.88% and a return on equity of 45.30%. During the same quarter in the previous year, the business posted $0.48 EPS. On average, analysts anticipate that Enphase Energy, Inc. will post 2.35 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the stock. TheStreet upgraded shares of Enphase Energy from a “c+” rating to a “b” rating in a research note on Thursday, April 7th. Cowen raised their price target on shares of Enphase Energy from $227.00 to $240.00 in a research note on Wednesday, April 27th. Craig Hallum reduced their price target on shares of Enphase Energy from $241.00 to $213.00 in a research note on Wednesday, April 27th. Oppenheimer lifted their target price on shares of Enphase Energy from $290.00 to $307.00 in a research report on Wednesday, April 27th. Finally, KeyCorp lifted their target price on shares of Enphase Energy from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, April 7th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, Enphase Energy presently has an average rating of “Moderate Buy” and an average price target of $238.41.

Several large investors have recently added to or reduced their stakes in the company. Walleye Capital LLC bought a new stake in shares of Enphase Energy in the 1st quarter valued at $1,732,000. Kestra Private Wealth Services LLC increased its stake in Enphase Energy by 99.2% during the 1st quarter. Kestra Private Wealth Services LLC now owns 3,759 shares of the semiconductor company’s stock valued at $758,000 after purchasing an additional 1,872 shares in the last quarter. Gradient Investments LLC increased its stake in Enphase Energy by 97.6% during the 1st quarter. Gradient Investments LLC now owns 998 shares of the semiconductor company’s stock valued at $201,000 after purchasing an additional 493 shares in the last quarter. M Holdings Securities Inc. bought a new stake in Enphase Energy during the 1st quarter valued at $1,059,000. Finally, Advisory Services Network LLC bought a new stake in Enphase Energy during the 1st quarter valued at $339,000. Institutional investors own 68.30% of the company’s stock.

Enphase Energy Company Profile (Get Rating)

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services.

See Also

Insider Buying and Selling by Quarter for Enphase Energy (NASDAQ:ENPH)

Receive News & Ratings for Enphase Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy and related companies with MarketBeat.com's FREE daily email newsletter.