Insider Selling: Sunrun Inc. (NASDAQ:RUN) CFO Sells 3,734 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 3,734 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $41,746.12. Following the completion of the sale, the chief financial officer now directly owns 257,969 shares of the company’s stock, valued at $2,884,093.42. The trade was a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Sunrun Stock Performance

Shares of NASDAQ RUN traded up $0.40 during trading on Tuesday, hitting $11.37. The company had a trading volume of 10,173,392 shares, compared to its average volume of 8,641,270. The stock has a 50 day simple moving average of $10.98 and a 200 day simple moving average of $14.82. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun Inc. has a 12 month low of $9.01 and a 12 month high of $22.26. The firm has a market capitalization of $2.55 billion, a P/E ratio of -6.25 and a beta of 2.58.

Hedge Funds Weigh In On Sunrun

A number of hedge funds have recently added to or reduced their stakes in the stock. Natixis Advisors LLC bought a new stake in Sunrun during the 2nd quarter valued at $314,000. Rhumbline Advisers boosted its stake in shares of Sunrun by 25.3% in the second quarter. Rhumbline Advisers now owns 758,512 shares of the energy company’s stock worth $8,996,000 after buying an additional 153,007 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Sunrun by 1.5% in the second quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock worth $538,000 after buying an additional 691 shares during the last quarter. Arizona State Retirement System raised its holdings in Sunrun by 2.7% in the 2nd quarter. Arizona State Retirement System now owns 61,475 shares of the energy company’s stock worth $729,000 after purchasing an additional 1,597 shares during the period. Finally, Koss Olinger Consulting LLC acquired a new position in Sunrun in the 2nd quarter worth about $145,000. 91.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RUN has been the subject of a number of analyst reports. Truist Financial reissued a “hold” rating and set a $12.00 target price (down from $18.00) on shares of Sunrun in a research note on Tuesday, November 12th. BMO Capital Markets lowered their price target on Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a report on Monday, November 11th. TD Cowen initiated coverage on Sunrun in a report on Thursday, December 19th. They issued a “buy” rating and a $21.00 price target on the stock. Jefferies Financial Group lowered their price target on Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Finally, UBS Group lowered their price target on Sunrun from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $19.31.

Sunrun Company Profile

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.