Insider Selling: Sunrun (NASDAQ:RUN) CFO Sells 2,007 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 2,007 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $17.79, for a total transaction of $35,704.53. Following the completion of the transaction, the chief financial officer owned 414,699 shares of the company’s stock, valued at approximately $7,377,495.21. This represents a 0.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Danny Abajian also recently made the following trade(s):

• On Monday, October 6th, Danny Abajian sold 9,055 shares of Sunrun stock. The shares were sold at an average price of $19.35, for a total transaction of $175,214.25.

Sunrun Price Performance

NASDAQ RUN traded up $0.45 on Wednesday, reaching $18.32. The company’s stock had a trading volume of 5,746,611 shares, compared to its average volume of 14,656,745. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $22.44. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 3.67. The firm has a market cap of $4.25 billion, a PE ratio of -1.64 and a beta of 2.35. The business has a 50-day moving average price of $19.31 and a 200 day moving average price of $14.41.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Thursday, November 6th. The energy company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Sunrun had a positive return on equity of 19.34% and a negative net margin of 106.50%.The company had revenue of $724.56 million for the quarter, compared to the consensus estimate of $601.15 million. During the same period in the previous year, the business earned ($0.37) earnings per share. The company’s quarterly revenue was up 34.9% on a year-over-year basis. Sell-side analysts expect that Sunrun Inc. will post -0.43 EPS for the current year.

Hedge Funds Weigh In On Sunrun

Institutional investors have recently modified their holdings of the stock. PGGM Investments lifted its position in Sunrun by 316.6% during the 2nd quarter. PGGM Investments now owns 7,007,258 shares of the energy company’s stock valued at $57,319,000 after purchasing an additional 5,325,332 shares during the period. Public Sector Pension Investment Board raised its stake in shares of Sunrun by 27.1% during the first quarter. Public Sector Pension Investment Board now owns 711,391 shares of the energy company’s stock worth $4,169,000 after buying an additional 151,474 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Sunrun by 25.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,500,000 shares of the energy company’s stock worth $14,650,000 after buying an additional 500,000 shares during the last quarter. Townsquare Capital LLC lifted its holdings in Sunrun by 11.3% in the first quarter. Townsquare Capital LLC now owns 279,733 shares of the energy company’s stock valued at $1,639,000 after buying an additional 28,395 shares during the period. Finally, Quantitative Investment Management LLC boosted its stake in Sunrun by 169.5% in the first quarter. Quantitative Investment Management LLC now owns 571,479 shares of the energy company’s stock valued at $3,348,000 after acquiring an additional 359,463 shares during the last quarter. 91.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on RUN. UBS Group boosted their price target on Sunrun from $16.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Sunrun from $11.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, October 1st. Citigroup upgraded shares of Sunrun from a “neutral” rating to a “buy” rating and increased their target price for the stock from $11.00 to $26.00 in a research report on Tuesday, October 21st. Royal Bank Of Canada upped their price objective on shares of Sunrun from $16.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Finally, Jefferies Financial Group upgraded shares of Sunrun from a “hold” rating to a “buy” rating and lifted their target price for the company from $11.00 to $21.00 in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Sunrun has an average rating of “Moderate Buy” and an average price target of $19.58.

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.