Vivint Solar Inc (NYSE:VSLR) CEO David Bywater sold 19,880 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $3.25, for a total transaction of $64,610.00. Following the completion of the transaction, the chief executive officer now directly owns 520,926 shares in the company, valued at approximately $1,693,009.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
David Bywater also recently made the following trade(s):
- On Thursday, March 8th, David Bywater sold 10,271 shares of Vivint Solar stock. The shares were sold at an average price of $3.25, for a total transaction of $33,380.75.
- On Tuesday, March 6th, David Bywater sold 6,900 shares of Vivint Solar stock. The shares were sold at an average price of $2.99, for a total transaction of $20,631.00.
- On Thursday, February 22nd, David Bywater sold 25,177 shares of Vivint Solar stock. The stock was sold at an average price of $3.25, for a total transaction of $81,825.25.
Vivint Solar Inc (NYSE:VSLR) remained flat at $$3.25 during trading on Monday. The company’s stock had a trading volume of 397,568 shares, compared to its average volume of 472,551. Vivint Solar Inc has a 1 year low of $2.65 and a 1 year high of $6.09. The stock has a market cap of $372.98, a PE ratio of 1.86 and a beta of -0.30. The company has a current ratio of 1.10, a quick ratio of 0.97 and a debt-to-equity ratio of 1.08.
Several research firms recently issued reports on VSLR. Bank of America set a $6.00 price target on shares of Vivint Solar and gave the stock a “buy” rating in a research note on Thursday. Guggenheim reaffirmed a “neutral” rating and set a $5.00 price target on shares of Vivint Solar in a research note on Thursday, January 18th. They noted that the move was a valuation call. ValuEngine raised shares of Vivint Solar from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research raised shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research note on Saturday, January 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $5.25.
Institutional investors have recently added to or reduced their stakes in the stock. Allegis Investment Advisors LLC acquired a new position in Vivint Solar during the 4th quarter worth $105,000. Dynamic Technology Lab Private Ltd grew its holdings in Vivint Solar by 191.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 55,812 shares of the company’s stock worth $190,000 after acquiring an additional 36,651 shares in the last quarter. Teachers Advisors LLC grew its holdings in Vivint Solar by 6.8% during the 2nd quarter. Teachers Advisors LLC now owns 47,791 shares of the company’s stock worth $280,000 after acquiring an additional 3,062 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Vivint Solar by 28.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 97,268 shares of the company’s stock worth $394,000 after acquiring an additional 21,712 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in Vivint Solar by 18.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 74,926 shares of the company’s stock worth $438,000 after acquiring an additional 11,746 shares in the last quarter. 92.75% of the stock is currently owned by hedge funds and other institutional investors.
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Vivint Solar Company Profile
Vivint Solar, Inc offers distributed solar energy, electricity generated by a solar energy system installed at or near customers’ locations, to residential customers. Through investment funds, the Company owns solar energy systems it installs and provides solar electricity pursuant to long-term contracts with its customers.
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