Insider Selling: Sunrun (NASDAQ:RUN) Insider Sells 4,440 Shares of Stock

Key Points

• Jeanna Steele, an insider at Sunrun, sold 4,440 shares at an average price of $19.34, totaling approximately $85,869.60, which reduced her ownership by 1.13% to 388,827 shares.
• Sunrun's recent earnings showed a report of $1.07 EPS, significantly beating the consensus estimate of ($0.18), along with a revenue of $569.34 million for the quarter.
• Approximately 91.69% of Sunrun's stock is held by institutional investors, with several firms notably increasing their stakes in the company during the first half of the year.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) insider Jeanna Steele sold 4,440 shares of Sunrun stock in a transaction on Monday, October 6th. The shares were sold at an average price of $19.34, for a total value of $85,869.60. Following the transaction, the insider owned 388,827 shares in the company, valued at $7,519,914.18. This trade represents a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, October 8th, Jeanna Steele sold 1,526 shares of Sunrun stock. The shares were sold at an average price of $19.75, for a total value of $30,138.50.
• On Wednesday, October 1st, Jeanna Steele sold 20,426 shares of Sunrun stock. The stock was sold at an average price of $19.35, for a total transaction of $395,243.10.
• On Monday, September 8th, Jeanna Steele sold 1,433 shares of Sunrun stock. The stock was sold at an average price of $16.93, for a total transaction of $24,260.69.
• On Tuesday, August 26th, Jeanna Steele sold 7,077 shares of Sunrun stock. The stock was sold at an average price of $16.75, for a total transaction 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 transaction of $283,026.25.

Sunrun Price Performance

NASDAQ RUN traded down $0.06 on Wednesday, hitting $19.40. 7,640,937 shares of the company were exchanged, compared to its average volume of 10,447,330. The firm has a 50 day moving average of $15.38 and a two-hundred day moving average of $10.72. Sunrun Inc. has a 1-year low of $5.38 and a 1-year high of $20.25. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 3.70. The company has a market cap of $4.48 billion, a P/E ratio of -1.67 and a beta of 2.41.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its earnings results 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 business had revenue of $569.34 million for the quarter, compared to analysts' expectations of $555.42 million. During the same period in the prior year, the business posted $0.55 earnings per share. The firm's revenue was up 8.7% on a year-over-year basis. On average, equities analysts predict that Sunrun Inc. will post -0.43 EPS for the current year.

Institutional Investors Weigh In On Sunrun

A number of large investors have recently added to or reduced their stakes in the business. Sowell Financial Services LLC purchased a new position in Sunrun in the 1st quarter worth about $273,000. GAMMA Investing LLC lifted its holdings in Sunrun by 572.1% in the 1st quarter. GAMMA Investing LLC now owns 71,896 shares of the energy company's stock worth $421,000 after purchasing an additional 61,198 shares during the last quarter. PGGM Investments lifted its holdings in shares of Sunrun by 316.6% during the second quarter. PGGM Investments now owns 7,007,258 shares of the energy company's stock worth $57,319,000 after buying an additional 5,325,332 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Sunrun by 27.1% during the first quarter. Public Sector Pension Investment Board now owns 711,391 shares of the energy company's stock worth $4,169,000 after buying an additional 151,474 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Sunrun by 2.7% in the first quarter. Principal Financial Group Inc. now owns 1,116,909 shares of the energy company's stock valued at $6,545,000 after acquiring an additional 29,227 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on RUN. Glj Research upgraded shares of Sunrun from a "sell" rating to a "hold" rating in a research note on Friday, August 15th. BNP Paribas Exane raised shares of Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 price objective for the company in a research report on Monday, July 7th. Weiss Ratings restated a "sell (d-)" rating on shares of Sunrun in a research report on Wednesday. BNP Paribas upgraded shares of Sunrun from a "hold" rating to a "strong-buy" rating in a report on Monday, July 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Sunrun from $20.00 to $23.00 and gave the stock an "overweight" rating in a research note on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.69.

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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