Jeanna Steele Sells 9,942 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 9,942 shares of Sunrun stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $67,009.08. Following the completion of the transaction, the insider now directly owns 291,238 shares in the company, valued at approximately $1,962,944.12. The trade was a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jeanna Steele also recently made the following trade(s):

• On Thursday, March 6th, Jeanna Steele sold 1,686 shares of Sunrun stock. The shares were sold at an average price of $6.64, for a total transaction of $11,195.04.

Sunrun Price Performance

Shares of NASDAQ RUN opened at $6.43 on Thursday. The company has a 50 day moving average of $7.28 and a 200 day moving average of $10.41. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a twelve month low of $5.45 and a twelve month high of $22.26. The firm has a market cap of $1.45 billion, a P/E ratio of -3.53 and a beta of 2.74.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RUN. GAMMA Investing LLC increased its holdings in Sunrun by 572.1% in the 1st quarter. GAMMA Investing LLC now owns 71,896 shares of the energy company’s stock worth $421,000 after buying an additional 61,198 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Sunrun in the fourth quarter worth approximately $94,000. Sylebra Capital LLC raised its holdings in shares of Sunrun by 124.0% during the fourth quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock valued at $61,819,000 after purchasing an additional 3,699,405 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Sunrun by 8.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company’s stock valued at $6,125,000 after purchasing an additional 52,176 shares during the period. Finally, Vident Advisory LLC grew its position in Sunrun by 76.9% in the 4th quarter. Vident Advisory LLC now owns 20,219 shares of the energy company’s stock worth $187,000 after purchasing an additional 8,792 shares during the period. 91.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on RUN. TD Cowen lowered their price target on Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, February 28th. UBS Group cut their price target on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. BNP Paribas upgraded shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective for the company in a report on Tuesday, January 7th. Barclays cut their target price on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Finally, Truist Financial restated 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Sunrun currently has an average rating of “Moderate Buy” and a consensus price target of $17.20.

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.