Insider Selling: Vivint Solar, Inc. (VSLR) CEO Sells 35,000 Shares of Stock
Vivint Solar, Inc. (NYSE:VSLR) CEO David Bywater sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $5.25, for a total value of $183,750.00. Following the completion of the transaction, the chief executive officer now owns 620,674 shares in the company, valued at approximately $3,258,538.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
David Bywater also recently made the following trade(s):
- On Friday, May 12th, David Bywater sold 201,200 shares of Vivint Solar stock. The shares were sold at an average price of $2.84, for a total value of $571,408.00.
Shares of Vivint Solar, Inc. (VSLR) traded down 9.82% during trading on Monday, reaching $5.05. The company had a trading volume of 1,693,675 shares. The firm’s 50 day moving average price is $3.75 and its 200 day moving average price is $3.16. Vivint Solar, Inc. has a 12 month low of $2.50 and a 12 month high of $6.09. The firm has a market capitalization of $558.41 million, a P/E ratio of 9.40 and a beta of -0.24.
Vivint Solar (NYSE:VSLR) last announced its earnings results on Tuesday, May 9th. The semiconductor company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by $0.02. The company had revenue of $53.11 million for the quarter, compared to analyst estimates of $47.09 million. Vivint Solar had a net margin of 36.54% and a negative return on equity of 29.10%. Vivint Solar’s quarterly revenue was up 208.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.65) EPS. Equities analysts predict that Vivint Solar, Inc. will post ($1.74) EPS for the current year.
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VSLR has been the topic of several research reports. Zacks Investment Research upgraded Vivint Solar from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a research report on Thursday, May 11th. Goldman Sachs Group, Inc. (The) upgraded Vivint Solar from a “neutral” rating to a “buy” rating and raised their target price for the company from $3.50 to $6.00 in a research report on Tuesday, June 20th. ValuEngine upgraded Vivint Solar from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, Credit Suisse Group set a $4.00 target price on Vivint Solar and gave the company a “hold” rating in a research report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Vivint Solar has a consensus rating of “Hold” and an average price target of $5.32.
A number of large investors have recently made changes to their positions in the stock. FMR LLC boosted its stake in shares of Vivint Solar by 8.4% in the fourth quarter. FMR LLC now owns 9,678,104 shares of the semiconductor company’s stock worth $24,679,000 after buying an additional 752,239 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of Vivint Solar by 235.2% in the first quarter. Parametric Portfolio Associates LLC now owns 201,415 shares of the semiconductor company’s stock worth $564,000 after buying an additional 141,329 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Vivint Solar by 108.3% in the first quarter. Neuberger Berman Group LLC now owns 101,935 shares of the semiconductor company’s stock worth $285,000 after buying an additional 53,000 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in shares of Vivint Solar during the first quarter worth approximately $118,000. Finally, IPG Investment Advisors LLC bought a new stake in shares of Vivint Solar during the first quarter worth approximately $112,000. Hedge funds and other institutional investors own 93.77% of the company’s stock.
About Vivint Solar
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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