Avery More Bought 13% More Shares In SolarEdge Technologies

Potential SolarEdge Technologies, Inc. (NASDAQ:SEDG) shareholders may wish to note that the Independent Chairman, Avery More, recently bought US$411k worth of stock, paying US$13.70 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 13%.

See our latest analysis for SolarEdge Technologies

The Last 12 Months Of Insider Transactions At SolarEdge Technologies

In fact, the recent purchase by Independent Chairman Avery More was not their only acquisition of SolarEdge Technologies shares this year. Earlier in the year, they paid US$13.65 per share in a US$1.1m purchase. We do like to see buying, but this purchase was made at well below the current price of US$16.05. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

SolarEdge Technologies insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does SolarEdge Technologies Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that SolarEdge Technologies insiders own 1.3% of the company, worth about US$12m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About SolarEdge Technologies Insiders?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in SolarEdge Technologies shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 2 warning signs for SolarEdge Technologies you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.