Sunrun Inc. (NASDAQ:RUN) CFO Sells $79,608.15 in Stock

by · The Cerbat Gem

Sunrun Inc. (NASDAQ:RUN – Get Free Report) CFO Danny Abajian sold 4,869 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $16.35, for a total value of $79,608.15. Following the transaction, the chief financial officer now directly owns 269,393 shares in the company, valued at $4,404,575.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Friday, September 6th, Danny Abajian sold 2,141 shares of Sunrun stock. The stock was sold at an average price of $18.23, for a total value of $39,030.43.
  • On Wednesday, September 4th, Danny Abajian sold 9,694 shares of Sunrun stock. The stock was sold at an average price of $19.75, for a total value of $191,456.50.

Sunrun Stock Up 1.6 %

Shares of Sunrun stock opened at $16.65 on Thursday. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of -2.50 and a beta of 2.58. Sunrun Inc. has a 52-week low of $8.43 and a 52-week high of $22.26. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66. The company’s 50 day moving average price is $18.69 and its 200-day moving average price is $15.01.

Sunrun (NASDAQ:RUN – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.88. The business had revenue of $523.87 million during the quarter, compared to analyst estimates of $516.76 million. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. Sunrun’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 EPS. Equities research analysts forecast that Sunrun Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Morgan Stanley reissued an “overweight” rating and issued a $35.00 price objective on shares of Sunrun in a report on Tuesday, September 24th. StockNews.com raised shares of Sunrun to a “sell” rating in a report on Friday, September 27th. JPMorgan Chase & Co. upped their target price on Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Susquehanna lifted their price target on Sunrun from $23.00 to $24.00 and gave the company a “positive” rating in a research report on Monday, July 15th. Finally, Evercore ISI dropped their target price on shares of Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.39.

Get Our Latest Report on RUN

Institutional Trading of Sunrun

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Sunrun by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock valued at $294,245,000 after purchasing an additional 2,743,148 shares in the last quarter. Greenvale Capital LLP lifted its holdings in Sunrun by 20.5% in the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock worth $139,355,000 after buying an additional 2,000,000 shares during the period. Dimensional Fund Advisors LP boosted its position in Sunrun by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock valued at $52,025,000 after acquiring an additional 729,633 shares in the last quarter. Robeco Schweiz AG grew its holdings in shares of Sunrun by 4.3% during the 4th quarter. Robeco Schweiz AG now owns 3,735,300 shares of the energy company’s stock worth $73,324,000 after acquiring an additional 154,000 shares during the period. Finally, Handelsbanken Fonder AB raised its position in shares of Sunrun by 0.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 3,123,059 shares of the energy company’s stock worth $56,402,000 after acquiring an additional 18,000 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

About Sunrun

(Get Free Report)

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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