Insider Selling: Sunrun Inc. (NASDAQ:RUN) Insider Sells 1,686 Shares of Stock

Sunrun Inc. (NASDAQ:RUN - Get Free Report) insider Jeanna Steele sold 1,686 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $6.64, for a total transaction of $11,195.04. Following the completion of the sale, the insider now owns 301,180 shares of the company's stock, valued at $1,999,835.20. This trade represents a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 shares were sold at an average price of $11.18, for a total value of $22,494.16.

Sunrun Price Performance

RUN stock traded up $0.29 during mid-day trading on Friday, hitting $7.16. The stock had a trading volume of 15,127,162 shares, compared to its average volume of 11,094,926. The firm has a fifty day simple moving average of $8.95 and a 200 day simple moving average of $12.63. The firm has a market capitalization of $1.62 billion, a P/E ratio of -3.93 and a beta of 2.84. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a 52 week low of $5.93 and a 52 week high of $22.26.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. The Goldman Sachs Group decreased their target price on Sunrun from $17.00 to $15.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Truist Financial reiterated a "hold" rating and issued a $9.00 price objective (down from $12.00) on shares of Sunrun in a report on Monday, March 3rd. Royal Bank of Canada reduced their target price on shares of Sunrun from $17.00 to $14.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Jefferies Financial Group lowered their price target on shares of Sunrun from $19.00 to $17.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Finally, Piper Sandler cut Sunrun from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $23.00 to $11.00 in a report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Sunrun presently has an average rating of "Moderate Buy" and an average target price of $17.51.

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Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in Sunrun by 1.8% during the third quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company's stock worth $905,000 after purchasing an additional 886 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Sunrun by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company's stock worth $229,000 after buying an additional 1,360 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Sunrun by 1,706.3% in the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company's stock valued at $31,000 after buying an additional 1,638 shares in the last quarter. Guggenheim Capital LLC grew its position in Sunrun by 6.8% in the fourth quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company's stock valued at $253,000 after acquiring an additional 1,749 shares during the last quarter. Finally, Drive Wealth Management LLC raised its stake in Sunrun by 4.5% during the third quarter. Drive Wealth Management LLC now owns 43,327 shares of the energy company's stock worth $782,000 after acquiring an additional 1,884 shares in the last quarter. 91.69% of the stock is owned by 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.