Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich Sells 50,000 Shares

Sunrun Inc. (NASDAQ:RUN) Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $9.94, for a total transaction of $497,000.00. Following the sale, the director now owns 1,092,446 shares of the company’s stock, valued at $10,858,913.24. This trade represents a 4.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 value of $1,010,000.00.
• On Friday, September 6th, Lynn Michelle Jurich sold 1,937 shares of Sunrun stock. The stock was sold at an average price of $18.23, for a total value of $35,311.51.

Sunrun Price Performance

Sunrun stock traded down $0.30 during midday trading on Tuesday, reaching $9.71. 7,477,161 shares of the stock traded hands, compared to its average volume of 12,031,820. The stock has a market cap of $2.18 billion, a P/E ratio of -5.34 and a beta of 2.61. The stock’s fifty day moving average is $15.40 and its 200-day moving average is $15.45. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a 12 month low of $9.23 and a 12 month high of $22.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its holdings in Sunrun by 1.5% during the 2nd quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock worth $538,000 after purchasing an additional 691 shares during the period. Creative Planning raised its holdings in shares of Sunrun by 0.3% in the third quarter. Creative Planning now owns 290,259 shares of the energy company’s stock valued at $5,242,000 after acquiring an additional 784 shares in the last quarter. Van ECK Associates Corp lifted its stake in Sunrun by 1.8% in the third quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock worth $905,000 after acquiring an additional 886 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Sunrun by 6.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company’s stock worth $186,000 after acquiring an additional 895 shares in the last quarter. Finally, &PARTNERS raised its holdings in shares of Sunrun by 1.6% in the 2nd quarter. &PARTNERS now owns 63,244 shares of the energy company’s stock valued at $698,000 after purchasing an additional 1,019 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RUN. Glj Research restated a “sell” rating and issued a $7.78 price target on shares of Sunrun in a research report on Thursday, November 7th. StockNews.com raised shares of Sunrun to a “sell” rating in a report on Friday, September 27th. Morgan Stanley lowered their price target on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday. BNP Paribas cut shares of Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research note on Friday, November 8th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $20.00 target price on shares of Sunrun in a research note on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Sunrun currently has an average rating of “Hold” and an average target price of $20.12.

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.