Boost Run (NASDAQ:BRUN) Director Sells $7,000,000.00 in Stock

Boost Run (NASDAQ:BRUN) Director Sean Goodrich sold 500,000 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $14.00, for a total transaction of $7,000,000.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed 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 stock was sold at an average price of $20.15, for a total transaction of $3,993,730.00.

Boost Run Stock Up 11.7%

Boost Run stock traded up $1.59 during midday trading on Wednesday, hitting $15.16. The company’s stock had a trading volume of 4,210,911 shares, compared to its average volume of 2,070,722. Boost Run has a 1-year low of $13.48 and a 1-year high of $42.00. The company has a 50-day simple moving average of $20.41.

Boost Run (NASDAQ:BRUN) last posted 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 for the quarter.

Institutional Trading of Boost Run

Hedge funds and other institutional investors have recently made changes to their positions in the company. FirstWave Capital Management LLC acquired a new position in shares of Boost Run in the second quarter valued at approximately $3,440,000. BlueCrest Capital Management Ltd acquired a new stake in Boost Run during the 2nd quarter worth approximately $1,940,000. AWM Investment Company Inc. bought a new stake in Boost Run during the 2nd quarter worth approximately $31,581,000. Wellington Management Group LLP bought a new stake in Boost Run during the 2nd quarter worth approximately $24,033,000. Finally, Greenland Capital Management LP acquired a new position in Boost Run in the 2nd quarter valued at approximately $2,615,000.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BRUN shares. Wall Street Zen raised Boost Run from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. DA Davidson lifted their price objective on Boost Run from $25.00 to $45.00 and gave the company a “buy” rating in a report on Monday, June 1st. Craig Hallum reiterated a “buy” rating on shares of Boost Run in a research report on Wednesday, July 1st. Weiss Ratings began coverage on Boost Run in a report on Tuesday, June 23rd. They set a “sell (d)” rating on the stock. Finally, BTIG Research reissued a “buy” rating and set a $45.00 target price on shares of Boost Run in a report on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Boost Run presently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

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