Yahoo Finance Enphase Energy Inc EVP & Chief Commercial Officer David Ranhoff Sells 5,000 Shares
Enphase Energy Inc (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of solar microinverters, has reported an insider sale according to a recent SEC filing. David Ranhoff, the company's Executive Vice President & Chief Commercial Officer, sold 5,000 shares of the company on April 15, 2024. The transaction was executed at an average price of $116.29 per share, resulting in a total sale amount of $581,450.Over the past year, David Ranhoff has sold a total of 11,791 shares of Enphase Energy Inc and has not made any purchases of the stock. This latest transaction continues a trend of insider sales for the company.
The insider transaction history for Enphase Energy Inc shows a pattern of insider activity. In the past year, there have been 7 insider buys and 5 insider sells. It is important for investors to consider this data when evaluating the company's insider sentiment.Enphase Energy Inc's stock market capitalization stands at $15.021 billion as of the last trading session, with the shares priced at $116.29 each. The company's price-earnings ratio is 36.10, which is above the industry median of 31.62 but below the company's historical median price-earnings ratio.
According to the GuruFocus Value chart, Enphase Energy Inc is currently significantly undervalued with a price-to-GF-Value ratio of 0.43, based on a GF Value of $269.55. The GF Value is an intrinsic value estimate that takes into account historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.For investors monitoring insider trends and valuation metrics, these transactions and data points provide a snapshot of Enphase Energy Inc's financial position and insider sentiment.SEC Filing
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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