Insider Selling: Sunrun Inc. (NASDAQ:RUN) Director Sells 50,000 Shares of Stock

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was 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 in the company, valued at $10,858,913.24. This represents a 4.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Lynn Michelle Jurich also recently made the following trade(s):

• On Friday, October 18th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $14.60, for a total transaction of $730,000.00.
• On Thursday, September 19th, Lynn Michelle Jurich sold 50,000 shares of Sunrun stock. The stock was sold at an average price of $20.20, for a total transaction of $1,010,000.00.
• On Friday, September 6th, Lynn Michelle Jurich sold 1,937 shares of Sunrun stock. The shares were sold at an average price of $18.23, for a total transaction of $35,311.51.

Sunrun Price Performance

Shares of Sunrun stock opened at $10.20 on Thursday. The business has a 50 day moving average of $15.22 and a 200 day moving average of $15.41. Sunrun Inc. has a 52 week low of $9.23 and a 52 week high of $22.26. The company has a market cap of $2.29 billion, a PE ratio of -5.60 and a beta of 2.61. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RUN shares. Deutsche Bank Aktiengesellschaft increased their target price on Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a research note on Thursday, August 8th. Roth Mkm decreased their price objective on Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 8th. JPMorgan Chase & Co. increased their price target on shares of Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Barclays lowered their price objective on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $20.00 target price on shares of Sunrun in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.12.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its stake in shares of Sunrun by 1,706.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,638 shares in the last quarter. Blue Trust Inc. boosted its position in Sunrun by 385.5% during 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 in the last quarter. Duncker Streett & Co. Inc. purchased a new position in shares of Sunrun during the 2nd quarter worth approximately $36,000. CWM LLC grew its holdings in shares of Sunrun by 883.9% during the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after acquiring an additional 3,014 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Sunrun in the 2nd quarter worth approximately $45,000. 91.69% of the stock is currently owned by institutional investors.

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.