Sunday, June 26, 2022

Enphase Energy Inc. [ENPH] Director makes an insider purchase of 12,500 shares worth 2.35 million.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Enphase Energy Inc. shares valued at $2,350,001 were sold by Malchow Joseph Ian on Jun 15. At $188.00 per share, Malchow Joseph Ian sold 12,500 shares. The insider’s holdings dropped to 67,590 shares worth approximately $13.07 million following the completion of this transaction.


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Also, Kothandaraman Badrinarayanan sold 77,700 shares, netting a total of over 15,262,180 in proceeds. Following the sale of shares at $196.42 each, the insider now holds 1,097,701 shares.

Before that, Kortlang Benjamin John had sold 25,000 shares from its account. In a trade valued at $4,947,164, the Director traded Enphase Energy Inc. shares for $197.89 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $48.22 million.

As published in their initiating research note from Tudor Pickering on May 27, 2021, Hess Corporation [HES] has been a Hold and the price target has been revised to $93. This represents a -11.12% premium over Wednesday’s closing price. Analysts at Mizuho upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late March. Earlier on December 17, 2020, Evercore ISI initiated its rating. Their recommendation was “an Outperform” for HES stock. This represents a 5.64% premium over Wednesday’s closing price. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid April. As of February 09, 2022, Craig Hallum has increased its “Hold” rating to a “Buy” for ENPH. Earlier on January 24, 2022, Truist resumed its rating. Their recommendation was “a Buy” for ENPH stock.

Analyzing ENPH’s Price Performance

On Wednesday, Enphase Energy Inc. [NASDAQ: ENPH] rose 0.07% to $193.43. The stock’s lowest price that day was $185.5196, but it reached a high of $198.00 in the same session. During the last five days, there has been a surge of approximately 7.75%. Over the course of the year, Enphase Energy Inc. shares have jumped approximately 5.73%. Shares of the company reached a 52-week high of $220.99 on 04/05/22 and a 52-week low of $113.40 on 01/24/22. A 50-day SMA is recorded $175.85, while a 200-day SMA reached $179.75. Nevertheless, trading volume fell to 2.55 million shares from 2.68 million shares the previous day.

Support And Resistance Levels for Enphase Energy Inc. (ENPH)

According to the 24-hour chart, there is a support level at 186.63, which, if violated, would cause prices to drop to 179.84. In the upper region, resistance lies at 199.11. The next price resistance is at 204.80. RSI (Relative Strength Index) is 54.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.41, which suggests the price will decrease in the coming days. Percent R is at 47.60%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Which companies own the most shares of Enphase Energy Inc. (ENPH)?

According to The Vanguard Group, Inc. filings, the company currently owns 13,446,167 shares, which is about 9.96% of the total ENPH shares outstanding. The investor’s shares have appreciated by 79,183 from its previous 13-F filing of 13366984.0 shares. With the completion of the sale, BlackRock Fund Advisors’s stake is now worth $1,800,690,782. SSgA Funds Management, Inc. reduced a -0.29% interest valued at $969.46 million while BlackRock Advisors purchased a 215,965 stake. A total of 1,982,411 shares of Enphase Energy Inc. were bought by Allianz Global Investors U.S. LLC during the quarter, and 194,944 were bought by Invesco Capital Management LLC. In its current portfolio, Geode Capital Management LLC holds 2,622,824 shares valued at $488.34 million.

In terms of Enphase Energy Inc. share price expectations, FactSet research, analysts set an average price target of $231.45 in the next 12 months, up nearly 24.17% from the previous closing price of $193.29. Analysts anticipate Enphase Energy Inc. stock to reach $307.00 by 2022, with the lowest price target being $165.00. In spite of this, 31 analysts ranked Enphase Energy Inc. stock as an Overweight at the end of 2022. On January 13, 2022, Guggenheim assigned a price target of “a Buy” to the stock and upgraded coverage with a $213.

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