Insider Selling: Sunrun Inc. (NASDAQ:RUN) CEO Sells 11,509 Shares of Stock

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CEO Mary Powell sold 11,509 shares of Sunrun stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $10.80, for a total transaction of $124,297.20. Following the sale, the chief executive officer owned 893,240 shares in the company, valued at approximately $9,646,992. This represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mary Powell also recently made the following trade(s):

• On Friday, June 6th, Mary Powell sold 2,981 shares of Sunrun stock. The stock was sold at an average price of $8.23, for a total transaction of $24,533.63.

Sunrun Trading Up 6.8%

Shares of RUN stock traded up $0.67 on Wednesday, reaching $10.51. The company had a trading volume of 19,080,728 shares, compared to its average volume of 13,541,993. The company has a current ratio of 1.32, a quick ratio of 0.99 and a debt-to-equity ratio of 3.89. The stock has a market cap of $2.40 billion, a PE ratio of -0.87 and a beta of 2.60. The company has a 50-day moving average of $8.52 and a 200-day moving average of $8.20. Sunrun Inc. has a 12 month low of $5.38 and a 12 month high of $22.26.

Sunrun (NASDAQ:RUN - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of ($0.22) by $0.42. Sunrun had a positive return on equity of 9.42% and a negative net margin of 129.97%. The firm had revenue of $504.27 million during the quarter, compared to the consensus estimate of $487.29 million. During the same quarter in the prior year, the firm posted ($0.40) EPS. The business's revenue was up 10.1% on a year-over-year basis. On average, equities analysts forecast that Sunrun Inc. will post -0.43 earnings per share for the current year.

Hedge Funds Weigh In On Sunrun

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Sunrun by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 23,749,115 shares of the energy company's stock valued at $219,679,000 after buying an additional 343,448 shares during the last quarter. Greenvale Capital LLP increased its position in Sunrun by 50.3% during the 4th quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock worth $124,875,000 after buying an additional 4,516,793 shares during the period. Alyeska Investment Group L.P. increased its position in Sunrun by 593.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company's stock worth $111,263,000 after buying an additional 10,294,947 shares during the period. Sylebra Capital LLC increased its position in Sunrun by 23.8% during the 1st quarter. Sylebra Capital LLC now owns 8,273,331 shares of the energy company's stock worth $48,482,000 after buying an additional 1,590,169 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Sunrun by 27.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,621,303 shares of the energy company's stock worth $61,252,000 after buying an additional 1,427,858 shares during the period. Institutional investors and hedge funds own 91.69% of the company's stock.

Wall Street Analyst Weigh In

RUN has been the subject of several recent analyst reports. Glj Research cut shares of Sunrun from a "hold" rating to a "sell" rating in a report on Tuesday, June 17th. Susquehanna dropped their target price on shares of Sunrun from $13.00 to $10.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Mizuho set a $13.00 price target on shares of Sunrun and gave the stock an "outperform" rating in a research note on Monday, June 2nd. Citigroup reiterated a "neutral" rating and set a $7.00 price target on shares of Sunrun in a research note on Thursday, April 17th. Finally, Jefferies Financial Group upgraded shares of Sunrun from an "underperform" rating to a "hold" rating and boosted their target price for the company from $5.00 to $11.00 in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Sunrun has an average rating of "Hold" and an average target price of $13.97.

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.

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