Insider Selling: Sunrun Inc. (NASDAQ:RUN) CRO Sells 19,343 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CRO Paul S. Dickson sold 19,343 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $130,371.82. Following the transaction, the executive now directly owns 399,729 shares in the company, valued at $2,694,173.46. This trade represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Sunrun Stock Down 13.9 %

Shares of RUN stock traded down $0.91 on Tuesday, reaching $5.66. 15,963,499 shares of the stock were exchanged, compared to its average volume of 10,753,628. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -3.11 and a beta of 2.74. The business’s 50 day moving average price is $7.54 and its 200 day moving average price is $10.65. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a twelve month low of $5.55 and a twelve month high of $22.26.

Hedge Funds Weigh In On Sunrun

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Sunrun by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 23,749,115 shares of the energy company’s stock worth $219,679,000 after purchasing an additional 343,448 shares during the period. Greenvale Capital LLP boosted its holdings in shares of Sunrun by 50.3% in the fourth quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company’s stock valued at $124,875,000 after acquiring an additional 4,516,793 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in shares of Sunrun by 593.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company’s stock worth $111,263,000 after acquiring an additional 10,294,947 shares during the period. State Street Corp raised its stake in shares of Sunrun by 0.6% during the 3rd quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock worth $165,424,000 after buying an additional 54,329 shares in the last quarter. Finally, Sylebra Capital LLC lifted its holdings in shares of Sunrun by 124.0% in the 4th quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock valued at $61,819,000 after buying an additional 3,699,405 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RUN. Truist Financial reiterated a “hold” rating and issued a $9.00 price objective (down from $12.00) on shares of Sunrun in a report on Monday, March 3rd. StockNews.com raised shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. BNP Paribas raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective on the stock in a report on Tuesday, January 7th. UBS Group decreased their price target on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. cut their price objective on Sunrun from $22.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.20.

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.