Vivint Solar Inc (NYSE:VSLR) CEO David Bywater sold 10,271 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $3.25, for a total transaction of $33,380.75. Following the transaction, the chief executive officer now directly owns 520,926 shares in the company, valued at $1,693,009.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
David Bywater also recently made the following trade(s):
- On Monday, March 12th, David Bywater sold 19,880 shares of Vivint Solar stock. The shares were sold at an average price of $3.25, for a total transaction of $64,610.00.
- On Tuesday, March 6th, David Bywater sold 6,900 shares of Vivint Solar stock. The shares were sold at an average price of $2.99, for a total transaction of $20,631.00.
- On Thursday, February 22nd, David Bywater sold 25,177 shares of Vivint Solar stock. The shares were sold at an average price of $3.25, for a total transaction of $81,825.25.
Vivint Solar Inc (VSLR) remained flat at $$3.25 during mid-day trading on Monday. The company had a trading volume of 397,568 shares, compared to its average volume of 472,551. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $372.98, a P/E ratio of 1.86 and a beta of -0.30. Vivint Solar Inc has a twelve month low of $2.65 and a twelve month high of $6.09.
Hedge funds have recently bought and sold shares of the business. Allegis Investment Advisors LLC acquired a new stake in shares of Vivint Solar in the fourth quarter worth $105,000. Teachers Advisors LLC lifted its stake in shares of Vivint Solar by 6.8% in the second quarter. Teachers Advisors LLC now owns 47,791 shares of the company’s stock worth $280,000 after buying an additional 3,062 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of Vivint Solar by 191.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 55,812 shares of the company’s stock worth $190,000 after buying an additional 36,651 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Vivint Solar by 18.6% in the second quarter. TIAA CREF Investment Management LLC now owns 74,926 shares of the company’s stock worth $438,000 after buying an additional 11,746 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Vivint Solar by 28.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 97,268 shares of the company’s stock worth $394,000 after buying an additional 21,712 shares during the last quarter. 92.75% of the stock is owned by institutional investors.
A number of brokerages recently commented on VSLR. ValuEngine downgraded shares of Vivint Solar from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. Zacks Investment Research reaffirmed a “hold” rating on shares of Vivint Solar in a research report on Saturday, January 13th. Bank of America set a $6.00 price objective on shares of Vivint Solar and gave the company a “buy” rating in a research report on Thursday. Finally, Guggenheim reaffirmed a “neutral” rating and set a $5.00 price objective on shares of Vivint Solar in a research report on Thursday, January 18th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $5.25.
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Vivint Solar Company Profile
Vivint Solar, Inc offers distributed solar energy, electricity generated by a solar energy system installed at or near customers’ locations, to residential customers. Through investment funds, the Company owns solar energy systems it installs and provides solar electricity pursuant to long-term contracts with its customers.
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