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SolarCity Corp. (NASDAQ:SCTY) VP John Stanton sold 10,000 shares of the company’s stock on the open market in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $57.86, for a total transaction of $578,600.00. The sale was disclosed in a filing with the SEC, which is available at this link.

SolarCity Corp. (NASDAQ:SCTY) traded down 0.74% on Friday, hitting $59.27. The stock had a trading volume of 3,235,268 shares. SolarCity Corp. has a 52-week low of $13.11 and a 52-week high of $65.30. The stock’s 50-day moving average is $52.64 and its 200-day moving average is $44.14. The company’s market cap is $4.927 billion. SolarCity Corp. also saw some unusual options trading on Thursday. Stock traders acquired 17,666 call options on the stock. This represents an increase of 118% compared to the typical daily volume of 8,111 call options.

SolarCity Corp. (NASDAQ:SCTY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.43) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.47) by $0.04. The company had revenue of $48.60 million for the quarter, compared to the consensus estimate of $41.40 million. SolarCity Corp.’s revenue was up 52.0% compared to the same quarter last year.

SCTY has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of SolarCity Corp. in a research note to investors on Friday, November 15th. They now have a $75.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “positive” rating on shares of SolarCity Corp. in a research note to investors on Thursday, November 14th. Finally, analysts at Robert W. Baird upgraded shares of SolarCity Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, November 14th. They now have a $71.00 price target on the stock, up previously from $50.00. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. SolarCity Corp. presently has a consensus rating of “Buy” and an average price target of $69.20.

SolarCity Corporation (NASDAQ:SCTY) is engaged in the design, installation and sale or lease of solar energy systems to residential and commercial customers, or sale of electricity generated by solar energy systems to customers.

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