Insider Selling: Sunrun Inc. (NASDAQ:RUN) CAO Sells 2,729 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CAO Maria Barak sold 2,729 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $6.73, for a total value of $18,366.17. Following the transaction, the chief accounting officer now directly owns 54,875 shares of the company’s stock, valued at approximately $369,308.75. The trade was a 4.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sunrun Stock Performance

NASDAQ RUN opened at $6.43 on Thursday. The stock has a market cap of $1.45 billion, a PE ratio of -3.53 and a beta of 2.74. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a twelve month low of $5.45 and a twelve month high of $22.26. The stock has a fifty day simple moving average of $7.28 and a 200-day simple moving average of $10.41.

Hedge Funds Weigh In On Sunrun

Hedge funds have recently modified their holdings of the business. Aster Capital Management DIFC Ltd purchased a new position in shares of Sunrun during the 4th quarter worth $29,000. Newbridge Financial Services Group Inc. lifted its stake in Sunrun by 133.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after acquiring an additional 2,000 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Sunrun during the 3rd quarter worth about $44,000. Summit Securities Group LLC acquired a new position in Sunrun during the 4th quarter worth about $53,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Sunrun during the 4th quarter worth about $56,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RUN shares. TD Cowen reduced their target price on Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Roth Capital set a $20.00 target price on Sunrun in a research note on Friday, February 28th. Wells Fargo & Company reduced their target price on Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Truist Financial reiterated a “hold” rating and set a $9.00 price target (down from $12.00) on shares of Sunrun in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. dropped their price target on Sunrun from $22.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Sunrun has an average rating of “Moderate Buy” and an average target price of $17.20.

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.