Investors Buy Large Volume of Boost Run Call Options (NASDAQ:BRUN)

Boost Run (NASDAQ:BRUN) was the target of unusually large options trading on Friday. Stock traders purchased 14,161 call options on the stock. This represents an increase of approximately 48% compared to the typical daily volume of 9,542 call options.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Craig Hallum reaffirmed a “buy” rating on shares of Boost Run in a research report on Wednesday, July 1st. Northland Securities upgraded Boost Run to a “strong-buy” rating in a research note on Monday, September 28th. Zacks Research raised Boost Run to a “hold” rating in a report on Tuesday, September 29th. Wall Street Zen cut shares of Boost Run from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Finally, BTIG Research reissued a “buy” rating and issued a $45.00 target price on shares of Boost Run in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Boost Run presently has an average rating of “Moderate Buy” and a consensus price target of $42.75.

Insider Transactions at Boost Run

In related news, 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 transaction 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. This represents a 10.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Trading of Boost Run

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

Boost Run Trading Down 11.8%

Shares of BRUN stock opened at $8.89 on Friday. The firm has a 50-day moving average price of $16.66. Boost Run has a 52-week low of $8.81 and a 52-week high of $42.00.

Boost Run (NASDAQ:BRUN) last issued its 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 for the quarter. As a group, equities analysts forecast that Boost Run will post -1.11 earnings per share for the current year.

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.