Insider Buying: Enphase Energy, Inc. (NASDAQ:ENPH) CEO Purchases 4,000 Shares of Stock

Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the company's stock in a transaction dated Friday, April 25th. The shares were bought at an average price of $46.35 per share, for a total transaction of $185,400.00. Following the acquisition, the chief executive officer now owns 1,598,696 shares in the company, valued at approximately $74,099,559.60. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Enphase Energy Trading Down 0.1 %

Shares of Enphase Energy stock traded down $0.05 during trading on Thursday, reaching $44.54. 4,179,555 shares of the company were exchanged, compared to its average volume of 4,048,877. The business has a 50-day moving average price of $56.67 and a 200-day moving average price of $66.14. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 60.26 and a beta of 1.94. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. Enphase Energy, Inc. has a twelve month low of $43.82 and a twelve month high of $141.63.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. Sell-side analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ENPH. DekaBank Deutsche Girozentrale grew its holdings in shares of Enphase Energy by 0.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company's stock valued at $5,421,000 after buying an additional 238 shares during the period. First Horizon Advisors Inc. lifted its holdings in Enphase Energy by 83.0% during the first quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 258 shares in the last quarter. Leibman Financial Services Inc. grew its stake in Enphase Energy by 1.0% in the first quarter. Leibman Financial Services Inc. now owns 29,474 shares of the semiconductor company's stock valued at $1,829,000 after acquiring an additional 305 shares during the period. Inspire Investing LLC increased its holdings in shares of Enphase Energy by 2.0% in the fourth quarter. Inspire Investing LLC now owns 15,988 shares of the semiconductor company's stock worth $1,098,000 after acquiring an additional 318 shares in the last quarter. Finally, McGowan Group Asset Management Inc. raised its position in shares of Enphase Energy by 2.0% during the fourth quarter. McGowan Group Asset Management Inc. now owns 16,670 shares of the semiconductor company's stock worth $1,145,000 after purchasing an additional 319 shares during the period. Institutional investors and hedge funds own 72.12% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ENPH. Piper Sandler decreased their price target on shares of Enphase Energy from $47.00 to $42.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. The Goldman Sachs Group lowered their price target on Enphase Energy from $90.00 to $77.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Morgan Stanley lowered Enphase Energy from an "equal weight" rating to an "underweight" rating and set a $36.00 price objective for the company. in a research note on Wednesday, April 23rd. Mizuho reduced their target price on shares of Enphase Energy from $81.00 to $65.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Finally, BMO Capital Markets dropped their target price on shares of Enphase Energy from $59.00 to $46.00 and set a "market perform" rating for the company in a research report on Wednesday, April 23rd. Seven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $70.54.

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.