Insider Selling: Sunrun Inc (NASDAQ:RUN) CAO Sells 984 Shares of Stock

Sunrun Inc (NASDAQ:RUN) CAO Michelle Philpot sold 984 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $15.38, for a total transaction of $15,133.92. Following the sale, the chief accounting officer now owns 55,713 shares in the company, valued at $856,865.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Michelle Philpot also recently made the following trade(s):

  • On Thursday, August 8th, Michelle Philpot sold 7,500 shares of Sunrun stock. The shares were sold at an average price of $18.41, for a total transaction of $138,075.00.

Shares of NASDAQ RUN opened at $15.96 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.69 and a current ratio of 0.83. The company has a market cap of $1.86 billion, a P/E ratio of 69.39, a P/E/G ratio of 6.33 and a beta of 0.75. The firm’s fifty day moving average is $16.46 and its two-hundred day moving average is $16.51. Sunrun Inc has a 52-week low of $8.81 and a 52-week high of $21.42.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Wednesday, August 7th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.18). The company had revenue of $204.60 million during the quarter, compared to the consensus estimate of $198.78 million. Sunrun had a negative net margin of 2.84% and a negative return on equity of 1.89%. The business’s revenue was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. As a group, analysts forecast that Sunrun Inc will post 0.5 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of RUN. Dimensional Fund Advisors LP increased its holdings in shares of Sunrun by 201.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,525,543 shares of the energy company’s stock worth $16,612,000 after buying an additional 1,019,554 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Sunrun in the 2nd quarter worth about $13,546,000. BlackRock Inc. increased its holdings in shares of Sunrun by 10.6% in the 2nd quarter. BlackRock Inc. now owns 7,464,662 shares of the energy company’s stock worth $140,037,000 after buying an additional 716,227 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Sunrun by 29.6% in the 2nd quarter. Bank of America Corp DE now owns 1,895,559 shares of the energy company’s stock worth $35,561,000 after buying an additional 432,841 shares during the last quarter. Finally, Brightline Capital Management LLC increased its holdings in shares of Sunrun by 215.0% in the 2nd quarter. Brightline Capital Management LLC now owns 630,000 shares of the energy company’s stock worth $11,819,000 after buying an additional 430,000 shares during the last quarter. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Several analysts have recently commented on RUN shares. Zacks Investment Research upgraded shares of Sunrun from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 10th. BidaskClub downgraded shares of Sunrun from a “buy” rating to a “hold” rating in a report on Friday, August 30th. KeyCorp started coverage on shares of Sunrun in a report on Monday, August 19th. They issued an “overweight” rating and a $19.00 price target on the stock. Goldman Sachs Group upgraded shares of Sunrun from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Monday, June 17th. Finally, Roth Capital set a $24.00 price target on shares of Sunrun and gave the company a “buy” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Sunrun currently has an average rating of “Buy” and a consensus price target of $21.36.

About Sunrun

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.

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