Enphase Energy, Inc. (NASDAQ:ENPH – Get Free Report) CEO Badrinarayanan Kothandaraman purchased 5,000 shares of Enphase Energy stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $30.69 per share, for a total transaction of $153,450.00. Following the completion of the purchase, the chief executive officer owned 1,635,632 shares in the company, valued at $50,197,546.08. This represents a 0.31% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Badrinarayanan Kothandaraman also recently made the following trade(s):
- On Friday, October 31st, Badrinarayanan Kothandaraman purchased 10,000 shares of Enphase Energy stock. The shares were bought at an average price of $30.93 per share, with a total value of $309,300.00.
Enphase Energy Price Performance
Shares of ENPH traded up $2.62 during trading hours on Monday, reaching $32.84. The stock had a trading volume of 11,471,881 shares, compared to its average volume of 7,047,931. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.04. Enphase Energy, Inc. has a 12 month low of $28.86 and a 12 month high of $78.26. The stock has a market capitalization of $4.30 billion, a PE ratio of 22.65 and a beta of 1.63. The company’s 50-day moving average is $36.10 and its two-hundred day moving average is $38.79.
Analysts Set New Price Targets
ENPH has been the topic of several recent research reports. Loop Capital set a $31.00 target price on shares of Enphase Energy in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Enphase Energy from $49.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, July 24th. Jefferies Financial Group reissued a “hold” rating and issued a $41.00 price objective on shares of Enphase Energy in a research note on Monday, September 29th. Royal Bank Of Canada lowered their target price on Enphase Energy from $33.00 to $31.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. Finally, Oppenheimer set a $67.00 price target on Enphase Energy and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Six research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and thirteen have given a Sell rating to the company’s stock. According to MarketBeat, Enphase Energy has an average rating of “Reduce” and a consensus target price of $41.76.
Get Our Latest Stock Analysis on ENPH
Institutional Investors Weigh In On Enphase Energy
Several institutional investors and hedge funds have recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Enphase Energy by 2.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 10,357 shares of the semiconductor company’s stock valued at $643,000 after buying an additional 255 shares in the last quarter. Empirical Finance LLC lifted its position in Enphase Energy by 9.1% in the 1st quarter. Empirical Finance LLC now owns 3,996 shares of the semiconductor company’s stock valued at $248,000 after acquiring an additional 332 shares in the last quarter. Brooklyn Investment Group lifted its position in Enphase Energy by 124.7% in the 1st quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 368 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Enphase Energy by 4.5% during the 2nd quarter. QRG Capital Management Inc. now owns 8,616 shares of the semiconductor company’s stock valued at $342,000 after purchasing an additional 369 shares during the last quarter. Finally, Harbour Investments Inc. increased its holdings in Enphase Energy by 43.5% during the 1st quarter. Harbour Investments Inc. now owns 1,280 shares of the semiconductor company’s stock worth $79,000 after purchasing an additional 388 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.
Enphase Energy Company Profile
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.
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