Director Richard Mora sold 24,285 shares of Enphase Energy Inc (ENPH, Financial) on February 9, 2024, according to a recent SEC filing. The transaction was executed at an average price of $120.59 per share, resulting in a total sale amount of approximately $2.93 million.
Enphase Energy Inc is a global energy technology company that designs and manufactures software-driven home energy solutions that span solar generation, home energy storage, and web-based monitoring and control. The company has revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution.
Over the past year, the insider has sold a total of 30,285 shares of Enphase Energy Inc and has not made any share purchases. This latest transaction continues a pattern of sales by the insider over the specified period.
The insider transaction history for Enphase Energy Inc shows a balance of insider activity. Over the past year, there have been 6 insider buys and 5 insider sells. This activity provides a glimpse into the sentiment insiders have about the stock's potential.
On the valuation front, Enphase Energy Inc's shares were trading at $120.59 on the day of the insider's recent sale, giving the stock a market cap of $17.5 billion. The price-earnings ratio stands at 42.12, which is above the industry median of 28.23 but below the company’s historical median price-earnings ratio.
According to the GuruFocus Value chart, with a price of $120.59 and a GuruFocus Value of $283.95, Enphase Energy Inc has a price-to-GF-Value ratio of 0.42. This indicates that the stock is significantly undervalued based on its GF Value.
The GF Value is an intrinsic value estimate that takes into account historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
Investors and analysts often monitor insider transactions as they can provide insights into a company's prospects and the valuation insiders assign to their own stock. The recent sale by Director Richard Mora may attract attention from the market as stakeholders evaluate the significance of this insider activity.
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.
