BlueCrest Capital Management Ltd Buys New Stake in Boost Run $BRUN

BlueCrest Capital Management Ltd purchased a new position in shares of Boost Run (NASDAQ:BRUN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,000 shares of the company’s stock, valued at approximately $1,940,000.

Other large investors have also made changes to their positions in the company. AWM Investment Company Inc. purchased a new stake in Boost Run during the 2nd quarter worth about $31,581,000. Harraden Circle Investments LLC acquired a new position in Boost Run in the 2nd quarter valued at $28,390,000. Wellington Management Group LLP acquired a new stake in shares of Boost Run during the second quarter worth $24,033,000. FirstWave Capital Management LLC acquired a new position in Boost Run in the second quarter valued at $3,440,000. Finally, Greenland Capital Management LP acquired a new stake in Boost Run in the 2nd quarter worth about $2,615,000.

Wall Street Analyst Weigh In

BRUN has been the topic of several recent analyst reports. DA Davidson increased their price objective on shares of Boost Run from $25.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Wall Street Zen raised shares of Boost Run from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings began coverage on shares of Boost Run in a report on Tuesday, June 23rd. They issued a “sell (d)” rating on the stock. BTIG Research reissued a “buy” rating and set a $45.00 price objective on shares of Boost Run in a research note on Friday, August 14th. Finally, Craig Hallum reiterated a “buy” rating on shares of Boost Run in a report on Wednesday, July 1st. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Insider Activity

In other news, Director Sean Goodrich sold 198,200 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $20.15, for a total value of $3,993,730.00. Following the completion of the sale, the director owned 4,937,921 shares in the company, valued at approximately $99,499,108.15. This trade represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Boost Run Stock Down 7.8%

Boost Run stock opened at $17.36 on Thursday. Boost Run has a 52-week low of $15.56 and a 52-week high of $42.00. The stock has a fifty day simple moving average of $21.69.

Boost Run (NASDAQ:BRUN) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. The company had revenue of $31.14 million during the quarter.

Boost Run is a technology company in the Internet Services & Infrastructure industry.