Sunrun (NASDAQ:RUN) CRO Paul Dickson Sells 8,134 Shares

Key Points

• Sunrun CRO Paul Dickson sold 8,134 shares of the company's stock at an average price of $19.34, resulting in a total transaction value of $157,311.56.
• Following the sale, Dickson's ownership dropped by 1.24% to approximately 647,600 shares, valued at around $12.5 million.
• Sunrun's recent quarterly earnings report showed a significant profit of $1.07 per share, exceeding estimates, with revenue of $569.34 million, which was higher than expected.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) CRO Paul Dickson sold 8,134 shares of the company's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $19.34, for a total transaction of $157,311.56. Following the completion of the sale, the executive directly owned 647,600 shares of the company's stock, valued at approximately $12,524,584. This represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Sunrun Price Performance

NASDAQ:RUN traded down $0.06 during mid-day trading on Wednesday, reaching $19.40. 7,640,937 shares of the company were exchanged, compared to its average volume of 10,447,330. The company has a fifty day moving average of $15.38 and a 200 day moving average of $10.72. Sunrun Inc. has a 12 month low of $5.38 and a 12 month high of $20.25. The stock has a market cap of $4.48 billion, a PE ratio of -1.67 and a beta of 2.41. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 3.70.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on RUN shares. BMO Capital Markets boosted their price target on Sunrun from $8.00 to $10.00 and gave the stock an "underperform" rating in a research report on Thursday, August 7th. The Goldman Sachs Group upped their target price on Sunrun from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Wednesday. BNP Paribas Exane upgraded Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 price target for the company in a research note on Monday, July 7th. TD Cowen lifted their target price on shares of Sunrun from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Sunrun in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Sunrun currently has an average rating of "Moderate Buy" and an average price target of $15.69.

Institutional Trading of Sunrun

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Sunrun by 3.5% in the third quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company's stock worth $311,000 after purchasing an additional 607 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Sunrun by 6.3% in the 2nd quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company's stock valued at $183,000 after acquiring an additional 1,332 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in Sunrun by 12.0% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,497 shares of the energy company's stock worth $110,000 after buying an additional 1,442 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of Sunrun by 0.6% in the second quarter. CANADA LIFE ASSURANCE Co now owns 268,167 shares of the energy company's stock valued at $2,195,000 after buying an additional 1,586 shares in the last quarter. Finally, Alterna Wealth Management Inc. raised its holdings in shares of Sunrun by 16.6% in the first quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company's stock worth $71,000 after acquiring an additional 1,720 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

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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