Danny Abajian Sells 3,734 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 3,734 shares of Sunrun 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 transaction, the chief financial officer now directly owns 257,969 shares of the company’s stock, valued at approximately $2,884,093.42. This represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $11.37 on Wednesday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. 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. The company’s fifty day moving average price is $10.92 and its 200 day moving average price is $14.81.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Truist Financial reissued a “hold” rating and issued a $12.00 price objective (down previously from $18.00) on shares of Sunrun in a research note on Tuesday, November 12th. BMO Capital Markets decreased their price target on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a research report on Monday, November 11th. TD Cowen initiated coverage on Sunrun in a research report on Thursday, December 19th. They set a “buy” rating and a $21.00 price objective on the stock. Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Finally, Piper Sandler cut Sunrun from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $23.00 to $11.00 in a research note on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.31.

Institutional Trading of Sunrun

Several institutional investors and hedge funds have recently made changes to their positions in RUN. International Assets Investment Management LLC grew its stake in Sunrun by 1,706.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after buying an additional 1,638 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after acquiring an additional 1,465 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Sunrun during the third quarter worth approximately $44,000. Redwood Wealth Management Group LLC acquired a new position in shares of Sunrun in the 2nd quarter valued at $56,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Sunrun in the 2nd quarter valued at $104,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

About Sunrun

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.