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Sunrun (NASDAQ:RUN) is down 6.8% due to insider selling.

Sunrun (NASDAQ:RUN) is down 6.8% due to insider selling.

Because of transactions carried out by company insiders, the share price of Sunrun Inc. (NASDAQ: RUN) experienced a decline of 6.8% during the trading session that took place on Thursday during lunchtime. During the day, the price of a share of the stock went as low as $22.29 before recovering to finish at $22.56. The total number of shares that were traded during trading was 155,951, a decrease of 97% compared to the daily average number of shares that were traded, which was 4,858,688 shares. Before that, the stock ended the day trading for $24.21 per share. On January 3, for instance, a worker named Edward Harris Fenster sold a total of 100,000 shares of the company’s stock. This was done in one transaction. It was determined that the price of each share, which was ultimately sold for a total of $2,492,000.00, was an average of $24.92 per share. After the completion of the transaction, the company insider now possesses a total of 1,311,406 shares of the company, all of which were acquired by paying a combined total of $32,680,237.52 in cash. Should you follow this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail. A company insider named Edward Harris Fenster sold a total of 100,000 shares of the company’s stock on Tuesday, January 3. Another bit of information about Sunrun has been recently discovered.
A total of $ 2,492,000.00 of the company’s stock was traded at an average price of $24.92 per share, resulting in revenue of $2,492,000.00 generated from the transaction. The current number of company stock shares that are owned directly by company insiders is 1,311,406. An approximate total value of $32,680,237.52 is associated with these shares. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction. CRO In addition, on Tuesday, December 6, Paul S. Dickson successfully sold 2,029 of the Sunrun shares he owned. A total of 59,713.47 dollars’ worth of stock was sold, and it was purchased at a price of $29.43 per share. As a direct result of the transaction, the executive is now the owner of 161,036 shares of the company. Based on the current stock price, these shares are worth $4,739,289.48. Disclosures that are related to the sale might be found in this section of the website. Insiders have sold 350,766 company stock over the past three months, bringing in a total of $9,246,939 in profits. There 4.29% of the total shares in the company are owned by company insiders.
On November 2, Sunrun disseminated its most recent quarterly earnings report under the ticker symbol “NASDAQ: RUN.” You can also find this report on Sunrun’s website. The quarterly earnings per share of the energy company came in at $0.96, which was $0.97 higher than the consensus projection of $0.01, which was $0.97 lower than the actual earnings. By the end of the fiscal year, Sunrun had achieved a return on equity of 1.23% and a net margin of 3.35%. In addition, the company’s sales for the quarter came in at $631.91 million, which is significantly higher than the average expectation of $542.20 million, the previous quarter’s total sales. As a result, sell-side research analysts anticipate that Sunrun Inc. will generate $0.47 in earnings per share throughout this year.
There are 1.09 times as much debt as equity, corresponding to a quick ratio of 1.19 and a current ratio of 1.74. The company’s moving average stock price over the past 50 days is $27.75, and its moving average stock price over the last 200 days is $28.48. The company has a price-to-earnings ratio of 83.49, and its beta value is 2.26. The company is currently valued at $4.81 billion.
Several research analysts have shared their thoughts on the RUN stock with the community. On Monday, December 19, StockNews.com lowered its recommendation for Sunrun from “buy” to “sell.” In a research note published on November 3, Morgan Stanley gave Sunrun a ” neutral rating,” which was a downgrade from their previous “overweight” rating for the company. In addition, the company lowered its price target for Sunrun from $79.00 to $72.00, bringing it closer to current prices. Sunrun was moved from the “outperform” category to the “peer perform” category in a research report published on October 20 by Wolfe Research. While maintaining its “outperform” rating on the stock, the Royal Bank of Canada lowered its price objective for Sunrun from $48.00 to $42.00 in research that was made public on Friday, November 11. The findings of the study were published. On Monday, November 14, Deutsche Bank Aktiengesellschaft began providing coverage for Sunrun shares. They suggested investing in the company by selecting the “buy” option and establishing a price target of $36.00. One analyst has suggested selling the stock; four have maintained a hold rating, and fourteen have reiterated their recommendation to purchase the stock. According to the data presented by Bloomberg.com, the most common investment recommendation for the company is a “Moderate Buy,” and the price target agreed upon by market participants is $43.63.
Recently, institutional investors have altered how they have been keeping their shares of the company in their portfolios. During the third quarter, Nisa Investment Advisors LLC achieved a 64.1% increase in the proportion of Sunrun stock it owned. Following the acquisition of 449 shares during the most recent fiscal quarter, Nisa Investment Advisors LLC now holds 1,149 of the energy company’s stock. Each share of this company’s stock is currently valued at $28,000. In the second quarter of 2018, SeaCrest Wealth Management LLC spent $31,000 to acquire a stake in Sunrun by purchasing an interest in the company. Salem Investment Counselors Inc. grew its ownership of Sunrun stock by 3,750.0% during the first three months of 2018, bringing its total ownership percentage to 100%. Salem Investment Counselors, Inc. now owns 1,540 energy company stock shares worth $47,000 after purchasing an additional 1,500 shares during the relevant period. During the second quarter, CWM LLC achieved a 92.0% increase in the proportion of Sunrun stock it owned. The total number of shares that CWM LLC holds in the energy company increased by 777 during the fourth quarter, bringing the total number of shares it owns to 1,622, which has a value of $38,000. This caused the value of CWM LLC’s entire holdings in the energy firm to increase. During the second quarter, Castleview Partners LLC made a whopping 2,235.6% increase in the amount of Sunrun stock it owned. After the acquisition of 1,945 additional shares during the most recent fiscal quarter, Castleview Partners LLC now has a total of 2,032 shares of the energy company’s stock, valued at $87,000. This brings the total number of shares owned by the company to 2,032, bringing its total value to $87,000. Institutional investors and hedge funds collectively own 86.21% of the total number of shares issued by the company.
In the United States, residential solar energy systems are the responsibility of Sunrun, Inc.’s responsibility for the design, development, installation, sale, ownership, and maintenance of these systems. In addition, it provides consumers with solar leads and sells solar energy systems, accessories, and individual items to customers, such as solar panels and racks. In addition to those services, the company offers additional services, such as solutions for solar energy and battery storage.

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