Sunrun (NASDAQ:RUN) CFO Sells $36,907.40 in Stock

Key Points

• Danny Abajian, CFO of Sunrun, sold 2,180 shares of the company's stock at an average price of $16.93, totaling approximately $36,907, resulting in a 0.50% decrease in his ownership.
• Sunrun's most recent earnings report indicated a consensus-beating earnings per share of $1.07 and revenue of $569.34 million, which surpassed analyst estimates.
• Institutional investors have significantly increased their holdings in Sunrun, with Smartleaf Asset Management growing its position by 181% in the second quarter.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CFO Danny Abajian sold 2,180 shares of Sunrun stock in a transaction on Monday, September 8th. The stock was sold at an average price of $16.93, for a total value of $36,907.40. Following the sale, the chief financial officer owned 435,479 shares in the company, valued at $7,372,659.47. This trade represents a 0.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Danny Abajian also recently made the following trade(s):

• On Monday, July 7th, Danny Abajian sold 8,909 shares of Sunrun stock. The shares were sold at an average price of $10.80, for a total value of $96,217.20.

Sunrun Stock Performance

Shares of RUN traded up $0.68 during trading hours on Monday, hitting $16.74. The company's stock had a trading volume of 5,211,528 shares, compared to its average volume of 16,648,123. The company has a market cap of $3.86 billion, a price-to-earnings ratio of -1.44 and a beta of 2.21. 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 business has a 50 day simple moving average of $12.86 and a two-hundred day simple moving average of $9.41. Sunrun Inc. has a 52-week low of $5.38 and a 52-week high of $21.77.

Sunrun (NASDAQ:RUN - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The energy company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $1.25. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The company had revenue of $569.34 million for the quarter, compared to analyst estimates of $555.42 million. During the same period in the previous year, the company posted $0.55 EPS. The firm's revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities analysts expect that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Trading of Sunrun

Several institutional investors and hedge funds have recently bought and sold shares of RUN. Smartleaf Asset Management LLC grew its holdings in shares of Sunrun by 181.0% during the second quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company's stock valued at $34,000 after purchasing an additional 2,660 shares during the last quarter. Spire Wealth Management lifted its position in Sunrun by 960.0% in the second quarter. Spire Wealth Management now owns 5,300 shares of the energy company's stock worth $43,000 after purchasing an additional 4,800 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in Sunrun by 87.1% in the second quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the energy company's stock worth $47,000 after purchasing an additional 2,700 shares during the period. Apollon Wealth Management LLC acquired a new stake in Sunrun in the first quarter worth approximately $60,000. Finally, US Bancorp DE lifted its position in shares of Sunrun by 107.6% during the 1st quarter. US Bancorp DE now owns 10,307 shares of the energy company's stock valued at $60,000 after acquiring an additional 5,342 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on RUN shares. TD Cowen upped their price target on shares of Sunrun from $13.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Wall Street Zen upgraded Sunrun from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. BNP Paribas Exane raised Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 target price on the stock in a report on Monday, July 7th. Wells Fargo & Company increased their price target on Sunrun from $8.00 to $14.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Finally, The Goldman Sachs Group raised their price objective on Sunrun from $15.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Sunrun currently has an average rating of "Moderate Buy" and an average price target of $14.81.

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.