Dynamic Technology Lab Private Ltd Has $2.58 Million Position in Sunrun Inc. (NASDAQ:RUN)

Dynamic Technology Lab Private Ltd raised its stake in shares of Sunrun Inc. (NASDAQ:RUN) by 89.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 142,880 shares of the energy company’s stock after purchasing an additional 67,411 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Sunrun were worth $2,581,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Sylebra Capital LLC bought a new stake in Sunrun during the 2nd quarter valued at approximately $35,387,000. Vanguard Group Inc. lifted its holdings in shares of Sunrun by 14.0% during 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 during the last quarter. Greenvale Capital LLP boosted its position in shares of Sunrun by 20.5% in the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after acquiring an additional 2,000,000 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Sunrun by 113.5% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after acquiring an additional 1,337,302 shares during the last quarter. Finally, Senator Investment Group LP bought a new position in Sunrun during the second quarter worth $11,860,000. Institutional investors own 91.69% of the company’s stock.

Sunrun Stock Up 2.8 %

NASDAQ:RUN opened at $10.51 on Monday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun Inc. has a 12 month low of $9.23 and a 12 month high of $22.26. The company’s 50-day moving average price is $14.88 and its two-hundred day moving average price is $15.41.

Insider Activity

In related news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.20, for a total value of $1,010,000.00. Following the completion of the transaction, the director now directly owns 1,192,446 shares of the company’s stock, valued at $24,087,409.20. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Paul S. Dickson sold 2,537 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $18.23, for a total transaction of $46,249.51. Following the transaction, the executive now owns 427,883 shares in the company, valued at approximately $7,800,307.09. This trade represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 196,795 shares of company stock worth $3,071,225. Insiders own 3.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RUN. BNP Paribas lowered shares of Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft lifted their target price on Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a research report on Thursday, August 8th. Piper Sandler cut Sunrun from an “overweight” rating to a “neutral” rating and cut their price target for the company from $23.00 to $11.00 in a report on Friday. BMO Capital Markets reduced their price objective on Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a research report on Monday, November 11th. Finally, StockNews.com upgraded Sunrun to a “sell” rating in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.49.

Sunrun 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.