Insider Selling: Sunrun Inc. (NASDAQ:RUN) CFO Sells $114,087.98 in Stock

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 16,927 shares of Sunrun stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $114,087.98. Following the completion of the sale, the chief financial officer now owns 231,279 shares in the company, valued at approximately $1,558,820.46. The trade was a 6.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, March 6th, Danny Abajian sold 1,484 shares of Sunrun stock. The shares were sold at an average price of $6.65, for a total value of $9,868.60.

Sunrun Stock Down 6.2 %

Shares of RUN opened at $6.03 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The firm has a market cap of $1.36 billion, a P/E ratio of -3.31 and a beta of 2.74. The company’s 50-day moving average price is $7.23 and its 200 day moving average price is $10.32. Sunrun Inc. has a 12-month low of $5.45 and a 12-month high of $22.26.

Analysts Set New Price Targets

Several research analysts recently commented on the company. TD Cowen reduced their price objective on Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Truist Financial reiterated a “hold” rating and issued a $9.00 target price (down from $12.00) on shares of Sunrun in a research report on Monday, March 3rd. BMO Capital Markets lowered their price target on shares of Sunrun from $11.00 to $9.00 and set a “market perform” rating on the stock in a research report on Monday, March 3rd. Wells Fargo & Company dropped their price objective on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Roth Capital set a $20.00 target price on shares of Sunrun in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.20.

Institutional Investors Weigh In On Sunrun

Institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Asset Management Inc boosted its position in shares of Sunrun by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company’s stock worth $229,000 after purchasing an additional 1,360 shares during the period. Guggenheim Capital LLC lifted its stake in Sunrun by 6.8% during the fourth quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company’s stock worth $253,000 after purchasing an additional 1,749 shares in the last quarter. Xponance Inc. boosted its position in shares of Sunrun by 13.2% during the fourth quarter. Xponance Inc. now owns 16,265 shares of the energy company’s stock worth $150,000 after buying an additional 1,895 shares during the period. Newbridge Financial Services Group Inc. grew its stake in shares of Sunrun by 133.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock valued at $32,000 after buying an additional 2,000 shares in the last quarter. Finally, Scotia Capital Inc. raised its holdings in shares of Sunrun by 17.7% in the 4th quarter. Scotia Capital Inc. now owns 14,377 shares of the energy company’s stock valued at $133,000 after buying an additional 2,157 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.