Sunrun (NASDAQ:RUN) Shares Down 4.8% Following Insider Selling

Sunrun Inc. (NASDAQ:RUN)’s share price was down 4.8% during trading on Tuesday following insider selling activity. The stock traded as low as $10.14 and last traded at $10.18. Approximately 1,297,568 shares traded hands during trading, a decline of 91% from the average daily volume of 14,290,282 shares. The stock had previously closed at $10.69.

Specifically, Director Alan Ferber bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average price of $9.73 per share, with a total value of $97,300.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $97,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Alan Ferber bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average price of $9.73 per share, with a total value of $97,300.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $97,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Edward Harris Fenster sold 172,920 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the transaction, the director now directly owns 1,261,317 shares in the company, valued at approximately $15,072,738.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 301,760 shares of company stock valued at $3,615,990. 3.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Susquehanna restated a “positive” rating and issued a $25.00 target price on shares of Sunrun in a research note on Friday, April 5th. Piper Sandler reduced their price target on shares of Sunrun from $31.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, February 22nd. The Goldman Sachs Group upped their price target on shares of Sunrun from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. BMO Capital Markets boosted their price objective on Sunrun from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Thursday, February 22nd. Finally, Janney Montgomery Scott cut Sunrun from a “buy” rating to a “neutral” rating in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $21.53.

Sunrun Trading Down 3.4 %

The business has a 50 day moving average of $12.67 and a two-hundred day moving average of $13.21. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 1.68. The firm has a market cap of $2.27 billion, a P/E ratio of -1.40 and a beta of 2.46.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, February 21st. The energy company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($1.20). The firm had revenue of $516.59 million for the quarter, compared to the consensus estimate of $499.74 million. Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. Analysts predict that Sunrun Inc. will post -1.69 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RUN. Diversified Trust Co acquired a new stake in Sunrun in the fourth quarter valued at about $221,000. Zweig DiMenna Associates LLC boosted its stake in Sunrun by 64.8% in the third quarter. Zweig DiMenna Associates LLC now owns 206,913 shares of the energy company’s stock valued at $2,599,000 after buying an additional 81,363 shares in the last quarter. Vanguard Group Inc. boosted its stake in Sunrun by 0.7% in the third quarter. Vanguard Group Inc. now owns 19,405,097 shares of the energy company’s stock valued at $243,728,000 after buying an additional 126,321 shares in the last quarter. Deutsche Bank AG boosted its stake in Sunrun by 112.9% in the third quarter. Deutsche Bank AG now owns 2,226,821 shares of the energy company’s stock valued at $27,969,000 after buying an additional 1,180,823 shares in the last quarter. Finally, Jump Financial LLC boosted its stake in Sunrun by 87.8% in the third quarter. Jump Financial LLC now owns 97,123 shares of the energy company’s stock valued at $1,220,000 after buying an additional 45,412 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

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.