Banque Cantonale Vaudoise Sells 6,260 Shares of Sunrun Inc. (NASDAQ:RUN)

Banque Cantonale Vaudoise reduced its stake in Sunrun Inc. (NASDAQ:RUN) by 9.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 60,739 shares of the energy company’s stock after selling 6,260 shares during the period. Banque Cantonale Vaudoise’s holdings in Sunrun were worth $1,097,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Sunrun by 14.0% in the first quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock worth $294,245,000 after buying an additional 2,743,148 shares in the last quarter. Greenvale Capital LLP raised its stake in Sunrun by 20.5% in the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock worth $139,355,000 after buying an additional 2,000,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Sunrun by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock worth $52,025,000 after buying an additional 729,633 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Sunrun by 0.6% in the third quarter. Handelsbanken Fonder AB now owns 3,123,059 shares of the energy company’s stock worth $56,402,000 after buying an additional 18,000 shares in the last quarter. Finally, Sylebra Capital LLC bought a new position in Sunrun in the second quarter worth about $35,387,000. 91.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RUN. The Goldman Sachs Group reaffirmed a “buy” rating and set a $20.00 target price on shares of Sunrun in a research note on Wednesday, September 25th. BNP Paribas cut shares of Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 price target on the stock. in a report on Friday, November 8th. Truist Financial reiterated a “hold” rating and set a $12.00 price target (down previously from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a report on Thursday, August 8th. Finally, Wells Fargo & Company cut their price target on shares of Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Sunrun presently has an average rating of “Hold” and a consensus price target of $20.12.

Insider Activity at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $9.94, for a total value of $497,000.00. Following the completion of the transaction, the director now owns 1,092,446 shares of the company’s stock, valued at approximately $10,858,913.24. This trade represents a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Danny Abajian sold 9,694 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $19.75, for a total transaction of $191,456.50. Following the completion of the transaction, the chief financial officer now directly owns 278,260 shares of the company’s stock, valued at approximately $5,495,635. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 196,795 shares of company stock valued at $3,071,225 over the last 90 days. Insiders own 3.77% of the company’s stock.

Sunrun Trading Up 5.0 %

NASDAQ:RUN opened at $10.20 on Thursday. Sunrun Inc. has a 52 week low of $9.23 and a 52 week high of $22.26. The firm has a 50 day moving average of $15.22 and a 200 day moving average of $15.41. 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 capitalization of $2.29 billion, a price-to-earnings ratio of -5.60 and a beta of 2.61.

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.