Insider Selling: Sunrun (NASDAQ:RUN) CAO Sells $19,436.70 in Stock

Sunrun Inc. (NASDAQ:RUN) CAO Maria Barak sold 1,005 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $19.34, for a total transaction of $19,436.70. Following the completion of the transaction, the chief accounting officer owned 94,803 shares in the company, valued at $1,833,490.02. The trade was a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sunrun Stock Performance

NASDAQ:RUN opened at $18.80 on Friday. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.41 and a quick ratio of 1.02. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of -1.62 and a beta of 2.41. The company’s 50-day moving average is $15.76 and its two-hundred day moving average is $10.90. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $21.08.

Sunrun (NASDAQ:RUN) last posted its earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $1.25. The company had revenue of $569.34 million for the quarter, compared to analyst estimates of $555.42 million. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. Sunrun’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 EPS. Analysts forecast that Sunrun Inc. will post -0.43 EPS for the current year.

Institutional Investors Weigh In On Sunrun

A number of hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in Sunrun by 3.5% during the 3rd quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company’s stock worth $311,000 after buying an additional 607 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Sunrun by 6.3% during the 2nd quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company’s stock worth $183,000 after buying an additional 1,332 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Sunrun by 12.0% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,497 shares of the energy company’s stock worth $110,000 after buying an additional 1,442 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Sunrun by 0.6% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 268,167 shares of the energy company’s stock valued at $2,195,000 after purchasing an additional 1,586 shares during the last quarter. Finally, Alterna Wealth Management Inc. increased its position in shares of Sunrun by 16.6% in the 1st quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company’s stock valued at $71,000 after purchasing an additional 1,720 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on RUN. UBS Group upped their price objective on shares of Sunrun from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, August 8th. JPMorgan Chase & Co. upped their price objective on shares of Sunrun from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Glj Research upgraded shares of Sunrun from a “sell” rating to a “hold” rating in a report on Friday, August 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Sunrun from $11.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, October 1st. Finally, Oppenheimer upped their price objective on shares of Sunrun from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Sunrun presently has a consensus rating of “Moderate Buy” and an average target price of $15.77.

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.