Continued Level of Significant Insider Selling at Enphase Energy (ENPH)
10:20 PM EDT, 05/10/2021 (MT Newswires) -- There was a notable sale of shares of Enphase Energy by an insider today, as revealed in a form 4 document filed with the SEC. One insider -- Mandy Yang, Officer -- sold 16,072 shares in the company having a market value of approximately $2,030,075. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 346,962 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 363,034 shares and have averaged 60,506 shares per transaction over this time period.
Insider buy/sell trading at Enphase Energy is higher than the 23 peer company average over the last 90-day period. The Photovoltaic Solar Systems & Equipment peer group saw 60 buy/sell trades during this period for an average of 2.6 transactions per company. The number of shares per buy/sell trade for Enphase Energy insiders was also higher. Within the peer group there were 0 shares purchased and 1,282,526 shares sold with company insiders having sold 21,375 shares on average.
To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data used to compose and write this story.
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.