Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Enphase Energy Inc. shares valued at $549,022 were purchased by Yang Mandy on May 02. At $156.86 per share, Yang Mandy acquired 3,500 shares. The insider’s holdings grew to 99,043 shares worth approximately $16.3 million following the completion of this transaction.
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Also, Rodgers Thurman J purchased 32,900 shares, netting a total of over 5,490,467 in proceeds. Following the buying of shares at $166.88 each, the insider now holds 32,900 shares.
Before that, Rodgers Thurman J had added 27,900 shares to its account. In a trade valued at $4,568,913, the Director bought Enphase Energy Inc. shares for $163.76 each. Upon closing the transaction, the insider’s holdings increased to 27,900 shares, worth approximately $10.01 million.
Analyzing ENPH Stock Performance
On Thursday, Enphase Energy Inc. [NASDAQ: ENPH] rose 0.33% to $164.59. The stock’s lowest price that day was $161.55, but it reached a high of $165.37 in the same session. During the last five days, there has been a surge of approximately 0.53%. Over the course of the year, Enphase Energy Inc. shares have dropped approximately -37.88%. Shares of the company reached a 52-week high of $271.72 on 01/03/23 and a 52-week low of $152.15 on 05/02/23. A 50-day SMA is recorded $186.54, while a 200-day SMA reached $248.04. Nevertheless, trading volume fell to 2.56 million shares from 2.46 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 162.30, which, if violated, would cause prices to drop to 160.02. In the upper region, resistance lies at 166.12. The next price resistance is at 167.66. RSI (Relative Strength Index) is 42.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.50, which suggests the price will decrease in the coming days. Percent R is at 49.17%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Enphase Energy Inc. subject to short interest?
Stocks of Enphase Energy Inc. saw a sharp rise in short interest on Apr 27, 2023 jumping by 1.57 million shares to 7.56 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 5.99 million shares. A jump of 20.77% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.65 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.65.
Which companies own the most shares of Enphase Energy Inc. (ENPH)?
According to The Vanguard Group, Inc. filings, the company currently owns 15,244,469 shares, which is about 11.12% of the total ENPH shares outstanding. The investor’s shares have appreciated by 121,868 from its previous 13-F filing of 15122601.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $1,447,086,062. SSgA Funds Management, Inc. acquire a 3.43% interest valued at $879.66 million while BlackRock Advisors purchased a 389,226 stake. A total of -568,338 shares of Enphase Energy Inc. were bought by Fidelity Management & Research Co during the quarter, and 51,092 were bought by Geode Capital Management LLC. In its current portfolio, Voya Investment Management Co. LL holds 2,311,549 shares valued at $379.56 million.
In terms of Enphase Energy Inc. share price expectations, FactSet research, analysts set an average price target of $253.61 in the next 12 months, up nearly 57.57% from the previous closing price of $164.05. Analysts anticipate Enphase Energy Inc. stock to reach $341.00 by 2023, with the lowest price target being $169.00. In spite of this, 39 analysts ranked Enphase Energy Inc. stock as an Overweight at the end of 2023.