Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian Sells 3,734 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) CFO Danny Abajian sold 3,734 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $41,746.12. Following the sale, the chief financial officer now directly owns 257,969 shares of the company’s stock, valued at $2,884,093.42. This represents a 1.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Sunrun Price Performance

RUN stock opened at $11.37 on Wednesday. Sunrun Inc. has a 52-week low of $9.01 and a 52-week high of $22.26. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of -6.25 and a beta of 2.58. The business has a fifty day moving average of $10.92 and a two-hundred day moving average of $14.81.

Institutional Trading of Sunrun

A number of hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC lifted its position 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 during the last quarter. Blue Trust Inc. raised its stake in shares of Sunrun by 385.5% in the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after acquiring an additional 1,465 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Sunrun in the 3rd quarter worth approximately $44,000. Redwood Wealth Management Group LLC purchased a new position in shares of Sunrun during the 2nd quarter worth approximately $56,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Sunrun during the 2nd quarter worth approximately $104,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on RUN. Jefferies Financial Group cut their price objective on Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company dropped their price target on Sunrun from $20.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. BNP Paribas upgraded Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective on the stock in a report on Tuesday. Piper Sandler lowered shares of Sunrun from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $23.00 to $11.00 in a report on Friday, November 22nd. Finally, Truist Financial reiterated a “hold” rating and issued a $12.00 target price (down from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $19.31.

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.