Enphase Energy Inc (NASDAQ:ENPH) CEO Badrinarayanan Kothandaraman bought 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The stock was purchased at an average price of $5.69 per share, for a total transaction of $85,350.00. Following the completion of the transaction, the chief executive officer now directly owns 129,440 shares of the company’s stock, valued at approximately $736,513.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Badrinarayanan Kothandaraman also recently made the following trade(s):
- On Monday, August 20th, Badrinarayanan Kothandaraman bought 15,000 shares of Enphase Energy stock. The stock was purchased at an average price of $4.88 per share, for a total transaction of $73,200.00.
Shares of NASDAQ ENPH opened at $5.56 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.20 and a debt-to-equity ratio of 21.18. Enphase Energy Inc has a 1-year low of $1.81 and a 1-year high of $7.60. The company has a market cap of $599.69 million, a price-to-earnings ratio of -10.30 and a beta of 0.48.
Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, November 6th. The semiconductor company reported $0.04 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. The company had revenue of $78.00 million for the quarter, compared to the consensus estimate of $79.55 million. During the same period in the previous year, the firm earned ($0.01) earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year. As a group, analysts predict that Enphase Energy Inc will post -0.08 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of ENPH. BlackRock Inc. increased its stake in Enphase Energy by 656.0% during the second quarter. BlackRock Inc. now owns 5,543,050 shares of the semiconductor company’s stock worth $37,305,000 after acquiring an additional 4,809,849 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in Enphase Energy by 90.6% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,153,516 shares of the semiconductor company’s stock worth $21,223,000 after acquiring an additional 1,498,591 shares during the last quarter. Millennium Management LLC increased its stake in Enphase Energy by 379.0% during the first quarter. Millennium Management LLC now owns 1,026,880 shares of the semiconductor company’s stock worth $4,693,000 after acquiring an additional 812,493 shares during the last quarter. Northern Trust Corp increased its stake in Enphase Energy by 484.3% during the second quarter. Northern Trust Corp now owns 918,088 shares of the semiconductor company’s stock worth $6,179,000 after acquiring an additional 760,975 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Enphase Energy by 487.7% during the second quarter. Bank of New York Mellon Corp now owns 317,061 shares of the semiconductor company’s stock worth $2,134,000 after acquiring an additional 263,116 shares during the last quarter. 39.26% of the stock is currently owned by institutional investors.
A number of equities research analysts recently commented on the company. ValuEngine upgraded Enphase Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. BidaskClub upgraded Enphase Energy from a “strong sell” rating to a “sell” rating in a research report on Friday, November 2nd. HC Wainwright reiterated a “buy” rating and issued a $9.00 target price on shares of Enphase Energy in a research report on Wednesday, August 1st. Zacks Investment Research downgraded Enphase Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Finally, B. Riley set a $8.00 target price on Enphase Energy and gave the stock a “buy” rating in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $7.21.
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About Enphase Energy
Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally. The company's semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level.
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