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 stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $41,746.12. Following the completion of the transaction, the chief financial officer now owns 257,969 shares of the company’s stock, valued at approximately $2,884,093.42. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Sunrun Price Performance

NASDAQ:RUN opened at $10.75 on Friday. The stock has a market cap of $2.41 billion, a PE ratio of -5.91 and a beta of 2.58. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The business’s 50-day simple moving average is $10.78 and its two-hundred day simple moving average is $14.76. Sunrun Inc. has a 52 week low of $9.01 and a 52 week high of $22.26.

Analyst Ratings Changes

Several research firms have recently issued reports on RUN. Susquehanna lowered their target price on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a report on Wednesday, October 16th. StockNews.com upgraded Sunrun to a “sell” rating in a research note on Friday, December 20th. Piper Sandler cut Sunrun from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $23.00 to $11.00 in a research note on Friday, November 22nd. Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Finally, Glj Research reissued a “sell” rating and set a $7.78 price objective on shares of Sunrun in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Sunrun has an average rating of “Hold” and a consensus target price of $19.16.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in shares of Sunrun by 33.7% during the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock valued at $26,385,000 after buying an additional 367,835 shares during the last quarter. Erste Asset Management GmbH purchased a new position in Sunrun during the third quarter valued at $76,152,000. Symmetry Investments LP bought a new stake in Sunrun in the 2nd quarter valued at $1,205,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Sunrun by 113.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after purchasing an additional 1,337,302 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of Sunrun during the 3rd quarter valued at about $955,000. 91.69% of the stock is currently owned by 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.