Enphase Energy, Inc. (NASDAQ:ENPH) CEO Buys $185,400.00 in Stock

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

Enphase Energy Trading Up 2.3 %

ENPH traded up $1.01 on Friday, hitting $45.56. 4,094,656 shares of the company were exchanged, compared to its average volume of 4,043,869. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. Enphase Energy, Inc. has a 12 month low of $43.80 and a 12 month high of $141.63. The firm has a fifty day simple moving average of $55.85 and a two-hundred day simple moving average of $65.23. The stock has a market capitalization of $5.98 billion, a PE ratio of 61.57 and a beta of 1.94.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly 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 net margin of 7.72% and a return on equity of 15.62%. Sell-side analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ENPH. Wilmington Savings Fund Society FSB bought a new stake in shares of Enphase Energy during the 3rd quarter valued at about $239,000. Tidal Investments LLC increased its stake in shares of Enphase Energy by 121.4% during the third quarter. Tidal Investments LLC now owns 122,929 shares of the semiconductor company's stock valued at $13,893,000 after purchasing an additional 67,411 shares in the last quarter. Peapack Gladstone Financial Corp purchased a new position in shares of Enphase Energy during the third quarter valued at approximately $292,000. GAMMA Investing LLC boosted its position in shares of Enphase Energy by 131.9% in the 4th quarter. GAMMA Investing LLC now owns 4,940 shares of the semiconductor company's stock worth $339,000 after purchasing an additional 2,810 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of Enphase Energy in the 4th quarter worth approximately $470,000. Institutional investors own 72.12% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on ENPH. Oppenheimer set a $84.00 price objective on shares of Enphase Energy and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Wells Fargo & Company reduced their price target on Enphase Energy from $75.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Morgan Stanley downgraded Enphase Energy from an "equal weight" rating to an "underweight" rating and set a $36.00 target price for the company. in a research note on Wednesday, April 23rd. Craig Hallum lowered their price target on shares of Enphase Energy from $123.00 to $101.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Finally, Guggenheim reaffirmed a "sell" rating and set a $33.00 price objective on shares of Enphase Energy in a research note on Wednesday, April 23rd. Seven research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target 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.