Boost Run (NASDAQ:BRUN) Shares Gap Up – What’s Next?

Boost Run (NASDAQ:BRUN)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $6.39, but opened at $7.19. Boost Run shares last traded at $7.1180, with a volume of 306,568 shares.

Analyst Upgrades and Downgrades

BRUN has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Boost Run from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. BTIG Research restated a “buy” rating and issued a $45.00 target price on shares of Boost Run in a research note on Friday, August 14th. Zacks Research raised Boost Run to a “hold” rating in a research report on Tuesday, September 29th. Northland Securities raised Boost Run to a “strong-buy” rating in a research report on Monday, September 28th. Finally, Yorkville Ives assumed coverage on Boost Run in a research note on Tuesday, October 6th. They set an “outperform” rating and a $24.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Boost Run Trading Up 16.0%

The business’s 50-day simple moving average is $12.53.

Boost Run (NASDAQ:BRUN) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.24) earnings per share for the quarter. The business had revenue of $31.14 million during the quarter. On average, research analysts forecast that Boost Run will post -1.11 EPS for the current fiscal year.

Insider Activity

In other news, Director Sean Goodrich sold 500,000 shares of the company’s stock in a transaction dated 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 sale, the director owned 4,437,921 shares in the company, valued at $62,130,894. This represents a 10.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. FirstWave Capital Management LLC purchased a new stake in Boost Run in the 2nd quarter worth approximately $3,440,000. Wellington Management Group LLP purchased a new position in shares of Boost Run during the 2nd quarter valued at approximately $24,033,000. State Street Corp purchased a new position in shares of Boost Run during the 2nd quarter valued at approximately $2,441,000. BlueCrest Capital Management Ltd purchased a new position in shares of Boost Run during the 2nd quarter valued at approximately $1,940,000. Finally, AWM Investment Company Inc. acquired a new position in shares of Boost Run in the 2nd quarter valued at $31,581,000.

About Boost Run

Boost Run, Inc. develops and provides cloud infrastructure for artificial intelligence (AI) and computing workloads. The company’s platform delivers GPU computes, CPU nodes, managed Kubernetes orchestration, shared network storage, networking fabric, and hyperscaler interconnects. The company was founded in 2023 and is based in Northbrook, Illinois.