Insider Selling: Sunrun (NASDAQ:RUN) Insider Sells 1,433 Shares of Stock

Key Points

• Insider Jeanna Steele sold 1,433 shares of Sunrun stock at an average price of $16.93, totaling approximately $24,260, which represents a 0.35% decrease in her ownership.
• Sunrun reported a strong quarterly earnings result, beating consensus estimates with $1.07 EPS and an increase in revenue, marking an 8.7% rise compared to the previous year.
• Analysts have issued a consensus price target of $14.63 for Sunrun, with ratings ranging from "Strong Buy" to "Sell," indicating mixed market sentiment on the stock's future performance.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) insider Jeanna Steele sold 1,433 shares of Sunrun stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $16.93, for a total value of $24,260.69. Following the transaction, the insider owned 413,693 shares of the company's stock, valued at approximately $7,003,822.49. This represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Jeanna Steele also recently made the following trade(s):

• On Tuesday, August 26th, Jeanna Steele sold 7,077 shares of Sunrun stock. The shares were sold at an average price of $16.75, for a total value of $118,539.75.
• On Monday, August 18th, Jeanna Steele sold 17,417 shares of Sunrun stock. The shares were sold at an average price of $16.25, for a total value of $283,026.25.
• On Monday, July 7th, Jeanna Steele sold 3,668 shares of Sunrun stock. The shares were sold at an average price of $10.80, for a total value of $39,614.40.

Sunrun Price Performance

RUN traded up $0.17 during trading on Wednesday, hitting $16.20. The company's stock had a trading volume of 6,939,246 shares, compared to its average volume of 16,461,262. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 3.70. Sunrun Inc. has a twelve month low of $5.38 and a twelve month high of $21.77. The business's fifty day simple moving average is $12.64 and its 200 day simple moving average is $9.29. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of -1.40 and a beta of 2.21.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The energy company reported $1.07 EPS for the quarter, beating the consensus estimate 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 last year, the company earned $0.55 earnings per share. Sunrun's quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts forecast that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Institutional Trading of Sunrun

Institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in Sunrun by 181.0% during the second quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company's stock worth $34,000 after buying an additional 2,660 shares during the last quarter. Spire Wealth Management raised 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 valued at $43,000 after purchasing an additional 4,800 shares during the period. Nomura Asset Management Co. Ltd. raised 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 valued at $47,000 after purchasing an additional 2,700 shares during the period. Signaturefd LLC raised its position in Sunrun by 436.4% in the second quarter. Signaturefd LLC now owns 7,805 shares of the energy company's stock valued at $64,000 after purchasing an additional 6,350 shares during the period. Finally, Lighthouse Investment Partners LLC purchased a new stake in Sunrun in the fourth quarter valued at $92,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RUN has been the topic of several research analyst reports. UBS Group raised their price objective on Sunrun from $15.00 to $16.00 and gave the company a "buy" rating in a report on Friday, August 8th. BNP Paribas Exane raised Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 price objective on the stock in a report on Monday, July 7th. Cowen reissued a "buy" rating on shares of Sunrun in a report on Thursday, August 7th. Wells Fargo & Company lifted their price target on Sunrun from $8.00 to $14.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Finally, TD Cowen lifted their price target on Sunrun from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Sunrun currently has an average rating of "Moderate Buy" and a consensus price target of $14.63.

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.

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