Insider Selling: Sunrun (NASDAQ:RUN) Insider Sells $85,869.60 in Stock

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 4,440 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $19.34, for a total transaction of $85,869.60. Following the completion of the transaction, the insider directly owned 388,827 shares in the company, valued at $7,519,914.18. The trade was a 1.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, October 8th, Jeanna Steele sold 1,526 shares of Sunrun stock. The stock was sold at an average price of $19.75, for a total transaction of $30,138.50.
• On Wednesday, October 1st, Jeanna Steele sold 20,426 shares of Sunrun stock. The shares were sold at an average price of $19.35, for a total value of $395,243.10.
• On Monday, September 8th, Jeanna Steele sold 1,433 shares of Sunrun stock. The shares were 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 shares were 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

RUN stock opened at $18.80 on Friday. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.02 and a current ratio of 1.41. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $21.08. The firm’s fifty day moving average is $15.76 and its 200 day moving average is $10.90. The firm has a market cap of $4.34 billion, a P/E ratio of -1.62 and a beta of 2.41.

Sunrun (NASDAQ:RUN) last released 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 negative net margin of 120.59% and a positive return on equity of 14.19%. The company had revenue of $569.34 million for the quarter, compared to analyst estimates of $555.42 million. During the same quarter last year, the firm earned $0.55 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. Research analysts predict that Sunrun Inc. will post -0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

RUN has been the topic of a number of recent research reports. TD Cowen raised their price objective on Sunrun from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. The Goldman Sachs Group raised their price target on shares of Sunrun from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday. BNP Paribas raised shares of Sunrun from a “hold” rating to a “strong-buy” rating in a report on Monday, July 7th. Cowen reissued a “buy” rating on shares of Sunrun in a report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Sunrun from $11.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.77.

Institutional Investors Weigh In On Sunrun

Several hedge funds have recently made changes to their positions in RUN. GAMMA Investing LLC boosted its stake in Sunrun by 3.5% during the third quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company’s stock worth $311,000 after acquiring an additional 607 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Sunrun by 6.3% in the 2nd quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company’s stock worth $183,000 after purchasing an additional 1,332 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in Sunrun by 12.0% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,497 shares of the energy company’s stock worth $110,000 after purchasing an additional 1,442 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Sunrun by 0.6% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 268,167 shares of the energy company’s stock worth $2,195,000 after purchasing an additional 1,586 shares in the last quarter. Finally, Alterna Wealth Management Inc. lifted its stake 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 buying an additional 1,720 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

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.