Key Points
- Director Sean Goodrich sold 500,000 Boost Run shares at $14 each for $7 million, reducing his direct ownership by 10.13% to 4.44 million shares. He also sold 198,200 shares in August at an average price of $20.15.
- Boost Run shares opened at $15.16, near the company’s 52-week low of $13.48 and well below its 52-week high of $42.00. The company reported a quarterly loss of $0.24 per share on $31.14 million in revenue.
- Analyst sentiment remains broadly positive, with three Buy ratings and one Sell rating, producing a “Moderate Buy” consensus and an average price target of $45.00. Several institutional investors also established new positions during the second quarter.
Boost Run (NASDAQ:BRUN - Get Free Report) Director Sean Goodrich sold 500,000 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $14.00, for a total value of $7,000,000.00. Following the completion of the transaction, the director directly owned 4,437,921 shares of the company's stock, valued at approximately $62,130,894. The trade was a 10.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Sean Goodrich also recently made the following trade(s):
- On Thursday, August 27th, Sean Goodrich sold 198,200 shares of Boost Run stock. The shares were sold at an average price of $20.15, for a total value of $3,993,730.00.
Boost Run Trading Up 11.7%
Shares of NASDAQ:BRUN opened at $15.16 on Thursday. The company has a fifty day moving average of $20.12. Boost Run has a fifty-two week low of $13.48 and a fifty-two week high of $42.00.
Boost Run (NASDAQ:BRUN - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. The business had revenue of $31.14 million during the quarter.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in BRUN. FirstWave Capital Management LLC acquired a new stake in Boost Run in the 2nd quarter valued at about $3,440,000. BlueCrest Capital Management Ltd bought a new position in shares of Boost Run in the second quarter worth about $1,940,000. AWM Investment Company Inc. acquired a new position in shares of Boost Run during the second quarter worth approximately $31,581,000. Wellington Management Group LLP acquired a new position in shares of Boost Run during the second quarter worth approximately $24,033,000. Finally, Greenland Capital Management LP bought a new stake in shares of Boost Run during the second quarter valued at approximately $2,615,000.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on BRUN. Craig Hallum reaffirmed a "buy" rating on shares of Boost Run in a research note on Wednesday, July 1st. DA Davidson lifted their target price on shares of Boost Run from $25.00 to $45.00 and gave the company a "buy" rating in a research note on Monday, June 1st. BTIG Research reissued a "buy" rating and issued a $45.00 target price on shares of Boost Run in a report on Friday, August 14th. Wall Street Zen upgraded Boost Run from a "sell" rating to a "hold" rating in a research report on Saturday, August 22nd. Finally, Weiss Ratings initiated coverage on Boost Run in a report on Tuesday, June 23rd. They set a "sell (d)" rating for the company. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $45.00.
Get Our Latest Stock Report on BRUN
Boost Run is a technology company in the Internet Services & Infrastructure industry.
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