Insider Buying: Sunrun Inc (RUN) Major Shareholder Purchases 280,817 Shares of Stock

Sunrun Inc (NASDAQ:RUN) major shareholder Tiger Global Management Llc purchased 280,817 shares of Sunrun stock in a transaction dated Wednesday, June 6th. The shares were purchased at an average cost of $12.48 per share, for a total transaction of $3,504,596.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tiger Global Management Llc also recently made the following trade(s):

  • On Friday, June 1st, Tiger Global Management Llc acquired 405,657 shares of Sunrun stock. The stock was bought at an average cost of $12.11 per share, for a total transaction of $4,912,506.27.
  • On Monday, June 4th, Tiger Global Management Llc acquired 1,578,934 shares of Sunrun stock. The stock was bought at an average cost of $12.00 per share, for a total transaction of $18,947,208.00.
  • On Friday, May 25th, Tiger Global Management Llc acquired 217,050 shares of Sunrun stock. The stock was bought at an average cost of $10.86 per share, for a total transaction of $2,357,163.00.
  • On Wednesday, May 30th, Tiger Global Management Llc acquired 776,138 shares of Sunrun stock. The stock was bought at an average cost of $11.11 per share, for a total transaction of $8,622,893.18.

Shares of Sunrun stock traded up $0.20 during trading on Thursday, hitting $14.18. 2,199,100 shares of the stock were exchanged, compared to its average volume of 2,278,206. The firm has a market capitalization of $1.38 billion, a PE ratio of 16.49, a P/E/G ratio of 0.76 and a beta of -0.86. Sunrun Inc has a 1-year low of $4.21 and a 1-year high of $14.35. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.53 and a quick ratio of 1.24.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, May 9th. The energy company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $144.36 million for the quarter, compared to analyst estimates of $134.98 million. Sunrun had a net margin of 24.53% and a return on equity of 9.34%. Sunrun’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 EPS. analysts expect that Sunrun Inc will post 1.21 EPS for the current year.

Several brokerages have issued reports on RUN. BidaskClub upgraded shares of Sunrun from a “sell” rating to a “hold” rating in a research note on Saturday, February 17th. Roth Capital began coverage on shares of Sunrun in a research note on Thursday, March 1st. They issued a “buy” rating and a $10.00 price target on the stock. Zacks Investment Research lowered shares of Sunrun from a “strong-buy” rating to a “sell” rating in a research note on Friday, March 9th. UBS Group began coverage on shares of Sunrun in a research note on Thursday, March 15th. They issued a “buy” rating and a $8.00 price target on the stock. Finally, Bank of America lowered shares of Sunrun from a “buy” rating to an “underperform” rating in a research note on Friday, April 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $10.08.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Standard Life Aberdeen plc bought a new stake in Sunrun in the 4th quarter valued at about $121,000. Teacher Retirement System of Texas bought a new stake in Sunrun in the 4th quarter valued at about $140,000. Aperio Group LLC bought a new stake in Sunrun in the 4th quarter valued at about $153,000. IPG Investment Advisors LLC bought a new stake in Sunrun in the 4th quarter valued at about $159,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Sunrun by 36.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,366 shares of the energy company’s stock valued at $209,000 after purchasing an additional 6,200 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Sunrun Company Profile

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar leads. The company markets and sells its products through direct channels, partner channels, mass media, digital media, canvassing, referral, retail, and field marketing.

Insider Buying and Selling by Quarter for Sunrun (NASDAQ:RUN)

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