Insider Selling: Sunrun Inc. (NASDAQ:RUN) CEO Sells $48,633.00 in Stock

Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell sold 4,350 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $48,633.00. Following the transaction, the chief executive officer now directly owns 560,321 shares of the company’s stock, valued at $6,264,388.78. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mary Powell also recently made the following trade(s):

• On Monday, December 2nd, Mary Powell sold 1,766 shares of Sunrun stock. The shares were sold at an average price of $11.66, for a total value of $20,591.56.

Sunrun Trading Up 3.6 %

Shares of NASDAQ:RUN opened at $11.37 on Wednesday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of -6.25 and a beta of 2.58. Sunrun Inc. has a 1-year low of $9.01 and a 1-year high of $22.26. The company has a 50 day moving average price of $10.92 and a 200 day moving average price of $14.81.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RUN. Morgan Stanley cut their target price on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. Piper Sandler lowered shares of Sunrun from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $23.00 to $11.00 in a research note on Friday, November 22nd. Wells Fargo & Company dropped their price target on shares of Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Roth Mkm decreased their price objective on Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, Glj Research restated a “sell” rating and issued a $7.78 target price on shares of Sunrun in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.31.

Hedge Funds Weigh In On Sunrun

A number of institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its position in shares of Sunrun by 1,706.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after acquiring an additional 1,638 shares in the last quarter. Blue Trust Inc. raised its stake in Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after purchasing an additional 1,465 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sunrun in the third quarter valued at $44,000. Redwood Wealth Management Group LLC acquired a new stake in shares of Sunrun in the second quarter worth $56,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Sunrun during the second quarter valued at $104,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.