ExodusPoint Capital Management LP decreased its position in Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) by 80.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,808 shares of the semiconductor company’s stock after selling 45,313 shares during the period. ExodusPoint Capital Management LP’s holdings in Enphase Energy were worth $2,864,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Regal Investment Advisors LLC grew its holdings in Enphase Energy by 2.6% in the third quarter. Regal Investment Advisors LLC now owns 1,328 shares of the semiconductor company’s stock valued at $368,000 after purchasing an additional 34 shares during the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of Enphase Energy by 5.0% during the fourth quarter. Flagship Harbor Advisors LLC now owns 910 shares of the semiconductor company’s stock valued at $241,000 after acquiring an additional 43 shares during the last quarter. Kentucky Retirement Systems boosted its stake in shares of Enphase Energy by 0.4% during the fourth quarter. Kentucky Retirement Systems now owns 10,650 shares of the semiconductor company’s stock valued at $2,822,000 after acquiring an additional 47 shares during the last quarter. Dakota Wealth Management boosted its stake in shares of Enphase Energy by 3.4% during the fourth quarter. Dakota Wealth Management now owns 1,445 shares of the semiconductor company’s stock valued at $383,000 after acquiring an additional 47 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Enphase Energy by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 5,778 shares of the semiconductor company’s stock valued at $1,603,000 after acquiring an additional 48 shares during the last quarter. Institutional investors and hedge funds own 73.79% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Barclays decreased their price objective on Enphase Energy from $248.00 to $226.00 in a research note on Wednesday, May 24th. Morgan Stanley initiated coverage on Enphase Energy in a research report on Monday, April 3rd. They set an “equal weight” rating and a $268.00 target price on the stock. KeyCorp reduced their target price on Enphase Energy from $363.00 to $311.00 in a research report on Tuesday, April 18th. Janney Montgomery Scott upgraded Enphase Energy from a “neutral” rating to a “buy” rating and set a $282.00 target price on the stock in a research report on Monday, February 27th. Finally, Oppenheimer reduced their target price on Enphase Energy from $328.00 to $302.00 in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $280.48.
Enphase Energy Price Performance
Insider Buying and Selling
In related news, CFO Mandy Yang acquired 3,500 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was purchased at an average cost of $156.86 per share, for a total transaction of $549,010.00. Following the purchase, the chief financial officer now directly owns 99,043 shares in the company, valued at $15,535,884.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Enphase Energy news, CFO Mandy Yang purchased 3,500 shares of Enphase Energy stock in a transaction on Tuesday, May 2nd. The stock was bought at an average price of $156.86 per share, for a total transaction of $549,010.00. Following the transaction, the chief financial officer now owns 99,043 shares of the company’s stock, valued at approximately $15,535,884.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David A. Ranhoff sold 1,791 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $175.10, for a total value of $313,604.10. Following the transaction, the executive vice president now owns 82,644 shares of the company’s stock, valued at approximately $14,470,964.40. The disclosure for this sale can be found here. 4.80% of the stock is owned by company insiders.
About Enphase Energy
Enphase Energy, Inc is a global energy technology company, which engages in the design, development, manufacture, and sale of micro inverter systems for the solar photovoltaic industry. The firm’s products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps.
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