Enphase Energy Inc EVP & Chief Commercial Officer David Ranhoff Sells 5,000 Shares
David Ranhoff, Executive Vice President & Chief Commercial Officer of Enphase Energy Inc (NASDAQ:ENPH), has sold 5,000 shares of the company on March 15, 2024, according to a recent SEC Filing. The transaction was executed at an average price of $108.89 per share, resulting in a total value of $544,450.
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, David Ranhoff has sold a total of 6,791 shares of Enphase Energy Inc and has not made any purchases of the stock.
Insider Trends
The insider transaction history for Enphase Energy Inc indicates a pattern of more insider selling than buying over the past year. There have been 7 insider buys and 4 insider sells during this period.
Valuation
On the day of the insider's recent sale, shares of Enphase Energy Inc were trading at $108.89, giving the company a market capitalization of $14.625 billion.
The price-earnings ratio of Enphase Energy Inc stands at 35.21, which is above the industry median of 29.4 but below the company's historical median price-earnings ratio.
With the current share price of $108.89 and a GuruFocus Value of $277.42, Enphase Energy Inc has a price-to-GF-Value ratio of 0.39, indicating that the stock is significantly undervalued according to the GF Value metric.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
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.
This article first appeared on GuruFocus.
