Insider Selling: Sunrun Inc. (NASDAQ:RUN) Director Sells $455,000.00 in Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.10, for a total value of $455,000.00. Following the completion of the sale, the director now owns 941,753 shares of the company’s stock, valued at $8,569,952.30. This trade represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lynn Michelle Jurich also recently made the following trade(s):

• On Friday, January 17th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The shares were sold at an average price of $9.59, for a total transaction of $479,500.00.
• On Thursday, December 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $9.42, for a total transaction of $471,000.00.

Sunrun Price Performance

NASDAQ:RUN opened at $8.42 on Friday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The company has a 50-day moving average of $9.44 and a 200-day moving average of $13.43. Sunrun Inc. has a 52 week low of $7.87 and a 52 week high of $22.26. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -4.63 and a beta of 2.59.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RUN. Sylebra Capital LLC raised its holdings in shares of Sunrun by 124.0% in the 4th quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock worth $61,819,000 after buying an additional 3,699,405 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Sunrun by 8.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company’s stock valued at $6,125,000 after purchasing an additional 52,176 shares during the last quarter. Vident Advisory LLC boosted its position in Sunrun by 76.9% in the fourth quarter. Vident Advisory LLC now owns 20,219 shares of the energy company’s stock valued at $187,000 after buying an additional 8,792 shares in the last quarter. Teza Capital Management LLC raised its stake in shares of Sunrun by 12.9% in the fourth quarter. Teza Capital Management LLC now owns 44,677 shares of the energy company’s stock valued at $413,000 after acquiring an additional 5,121 shares during the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in Sunrun during the 4th quarter worth approximately $2,363,000. Institutional investors own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Guggenheim cut shares of Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Glj Research reissued a “sell” rating and set a $7.78 price objective on shares of Sunrun in a research note on Thursday, November 7th. UBS Group raised Sunrun from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $17.00 in a research report on Friday, January 10th. Jefferies Financial Group decreased their target price on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Finally, TD Cowen started coverage on Sunrun in a research report on Thursday, December 19th. They issued a “buy” rating and a $21.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.36.

Sunrun Company Profile

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.