Insider Selling: Vivint Solar Inc (VSLR) CEO Sells 25,177 Shares of Stock

Vivint Solar Inc (NYSE:VSLR) CEO David Bywater sold 25,177 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $3.25, for a total transaction of $81,825.25. Following the completion of the sale, the chief executive officer now owns 563,097 shares in the company, valued at $1,830,065.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

David Bywater also recently made the following trade(s):

  • On Wednesday, December 6th, David Bywater sold 44,900 shares of Vivint Solar stock. The stock was sold at an average price of $3.24, for a total transaction of $145,476.00.

Shares of Vivint Solar Inc (NYSE:VSLR) opened at $3.05 on Friday. Vivint Solar Inc has a fifty-two week low of $2.65 and a fifty-two week high of $6.09. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 1.30.

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new position in shares of Vivint Solar during the 2nd quarter worth about $278,000. Vanguard Group Inc. boosted its stake in shares of Vivint Solar by 23.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,743,605 shares of the company’s stock worth $10,200,000 after purchasing an additional 329,748 shares during the period. Quentec Asset Management LLC boosted its stake in shares of Vivint Solar by 24.5% during the 3rd quarter. Quentec Asset Management LLC now owns 3,964,748 shares of the company’s stock worth $13,480,000 after purchasing an additional 781,333 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Vivint Solar by 9.0% during the 2nd quarter. Alliancebernstein L.P. now owns 88,700 shares of the company’s stock worth $519,000 after purchasing an additional 7,300 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its stake in shares of Vivint Solar by 75.3% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 19,161 shares of the company’s stock worth $112,000 after purchasing an additional 8,233 shares during the period. 92.17% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on VSLR shares. Guggenheim restated a “neutral” rating and issued a $5.00 target price on shares of Vivint Solar in a report on Thursday, January 18th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Saturday, November 11th. ValuEngine upgraded shares of Vivint Solar from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Bank of America started coverage on shares of Vivint Solar in a report on Monday, November 6th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $5.10.

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About Vivint Solar

Vivint Solar, Inc offers distributed solar energy, electricity generated by a solar energy system installed at or near customers’ locations, to residential customers. Through investment funds, the Company owns solar energy systems it installs and provides solar electricity pursuant to long-term contracts with its customers.

Insider Buying and Selling by Quarter for Vivint Solar (NYSE:VSLR)

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