Insider Selling: Sunrun Inc. (NASDAQ:RUN) CAO Sells 1,618 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CAO Michelle Philpot sold 1,618 shares of the company’s stock in a transaction that occurred on Wednesday, September 22nd. The stock was sold at an average price of $44.41, for a total value of $71,855.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Michelle Philpot also recently made the following trade(s):

  • On Monday, September 20th, Michelle Philpot sold 5,059 shares of Sunrun stock. The shares were sold at an average price of $43.14, for a total value of $218,245.26.
  • On Friday, September 17th, Michelle Philpot sold 396 shares of Sunrun stock. The shares were sold at an average price of $44.06, for a total value of $17,447.76.
  • On Wednesday, September 15th, Michelle Philpot sold 1,262 shares of Sunrun stock. The shares were sold at an average price of $43.30, for a total value of $54,644.60.
  • On Tuesday, July 20th, Michelle Philpot sold 18,632 shares of Sunrun stock. The stock was sold at an average price of $47.33, for a total value of $881,852.56.

NASDAQ RUN opened at $44.01 on Friday. The firm’s fifty day simple moving average is $45.48 and its two-hundred day simple moving average is $48.35. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 0.81. Sunrun Inc. has a 12-month low of $37.42 and a 12-month high of $100.93. The firm has a market capitalization of $9.06 billion, a P/E ratio of -47.84 and a beta of 2.09.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Thursday, August 5th. The energy company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.18). The firm had revenue of $401.17 million during the quarter, compared to analysts’ expectations of $374.36 million. Sunrun had a negative return on equity of 0.44% and a negative net margin of 15.55%. As a group, sell-side analysts predict that Sunrun Inc. will post -0.17 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sigma Planning Corp grew its holdings in shares of Sunrun by 1.8% during the second quarter. Sigma Planning Corp now owns 12,833 shares of the energy company’s stock valued at $716,000 after buying an additional 228 shares during the last quarter. Chartwell Investment Partners LLC boosted its holdings in Sunrun by 0.7% in the second quarter. Chartwell Investment Partners LLC now owns 36,881 shares of the energy company’s stock valued at $2,057,000 after purchasing an additional 256 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Sunrun by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 82,594 shares of the energy company’s stock valued at $4,983,000 after purchasing an additional 273 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Sunrun by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,670 shares of the energy company’s stock valued at $2,994,000 after purchasing an additional 279 shares during the last quarter. Finally, Securian Asset Management Inc boosted its holdings in Sunrun by 2.1% in the first quarter. Securian Asset Management Inc now owns 15,102 shares of the energy company’s stock valued at $913,000 after purchasing an additional 310 shares during the last quarter. 92.97% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on RUN shares. Truist decreased their target price on Sunrun from $81.00 to $74.00 and set a “buy” rating on the stock in a report on Monday, August 9th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised their price target on Sunrun from $81.00 to $86.00 and gave the company an “overweight” rating in a report on Wednesday, July 21st. Zacks Investment Research raised Sunrun from a “sell” rating to a “hold” rating in a report on Thursday, August 19th. BMO Capital Markets initiated coverage on Sunrun in a report on Thursday, September 30th. They set an “outperform” rating and a $65.00 price target on the stock. Finally, Wolfe Research initiated coverage on Sunrun in a research report on Tuesday, August 31st. They set an “outperform” rating and a $62.00 price objective for the company. Two analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $79.09.

About Sunrun

SunRun, Inc engages in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and install solar energy systems for homeowners through its direct-to-consumer channel. The firm also offers plans such as monthly lease, full amount lease, purchase system, and monthly loan.

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

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