Jeanna Steele Sells 1,686 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUN) insider Jeanna Steele sold 1,686 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $6.64, for a total transaction of $11,195.04. Following the sale, the insider now owns 301,180 shares in the company, valued at $1,999,835.20. The trade was a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, January 6th, Jeanna Steele sold 2,012 shares of Sunrun stock. The stock was sold at an average price of $11.18, for a total transaction of $22,494.16.

Sunrun Trading Up 4.2 %

NASDAQ RUN opened at $7.16 on Monday. Sunrun Inc. has a 12 month low of $5.93 and a 12 month high of $22.26. The company has a 50-day moving average of $8.95 and a 200-day moving average of $12.59. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The company has a market cap of $1.62 billion, a P/E ratio of -3.93 and a beta of 2.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sylebra Capital LLC increased its stake in shares of Sunrun by 124.0% during the 4th quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock valued at $61,819,000 after acquiring an additional 3,699,405 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Sunrun by 8.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company’s stock valued at $6,125,000 after acquiring an additional 52,176 shares during the last quarter. Vident Advisory LLC increased its stake in shares of Sunrun by 76.9% during the 4th quarter. Vident Advisory LLC now owns 20,219 shares of the energy company’s stock valued at $187,000 after acquiring an additional 8,792 shares during the last quarter. Teza Capital Management LLC increased its stake in shares of Sunrun by 12.9% during the 4th quarter. Teza Capital Management LLC now owns 44,677 shares of the energy company’s stock valued at $413,000 after acquiring an additional 5,121 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in shares of Sunrun during the 4th quarter valued at about $2,363,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

RUN has been the topic of several research analyst reports. TD Cowen decreased their target price on shares of Sunrun from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. JPMorgan Chase & Co. decreased their price objective on shares of Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Morgan Stanley decreased their price objective on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. BNP Paribas upgraded shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective on the stock in a research report on Tuesday, January 7th. Finally, UBS Group decreased their price objective on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.51.

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.