Insider Selling: Sunrun Inc. (NASDAQ:RUN) CFO Sells 3,734 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 3,734 shares of Sunrun stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $41,746.12. Following the sale, the chief financial officer now directly owns 257,969 shares in the company, valued at $2,884,093.42. This trade represents a 1.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Sunrun Stock Down 5.5 %

Shares of NASDAQ:RUN opened at $10.75 on Thursday. The firm has a market capitalization of $2.41 billion, a PE ratio of -5.91 and a beta of 2.58. The business has a 50 day simple moving average of $10.86 and a two-hundred day simple moving average of $14.78. Sunrun Inc. has a 1 year low of $9.01 and a 1 year high of $22.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Hedge Funds Weigh In On Sunrun

Several hedge funds have recently bought and sold shares of RUN. International Assets Investment Management LLC boosted its stake in shares of Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,638 shares during the period. Blue Trust Inc. lifted its holdings in Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after buying an additional 1,465 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Sunrun in the 3rd quarter valued at about $44,000. Redwood Wealth Management Group LLC bought a new position in Sunrun in the 2nd quarter worth about $56,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Sunrun during the second quarter worth approximately $104,000. Institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

RUN has been the topic of several recent analyst reports. BMO Capital Markets reduced their price objective on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a research report on Monday, November 11th. Piper Sandler downgraded shares of Sunrun from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $23.00 to $11.00 in a report on Friday, November 22nd. Guggenheim downgraded shares of Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Barclays reduced their target price on Sunrun from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 16th. Finally, Susquehanna dropped their price target on Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sunrun currently has an average rating of “Hold” and an average price target of $19.16.

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.