Insider Selling: Boost Run (NASDAQ:BRUN) Director Sells $3,993,730.00 in Stock

Boost Run (NASDAQ:BRUN) Director Sean Goodrich sold 198,200 shares of the stock in a transaction on 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 $99,499,108.15. This trade represents a 3.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Boost Run Stock Down 17.3%

Boost Run stock traded down $3.56 during midday trading on Friday, hitting $17.05. 3,619,175 shares of the company’s stock were exchanged, compared to its average volume of 2,049,295. Boost Run has a 52-week low of $15.58 and a 52-week high of $42.00. The stock’s 50-day moving average price is $24.87.

Boost Run (NASDAQ:BRUN) last announced its 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.

Hedge Funds Weigh In On Boost Run

A number of hedge funds and other institutional investors have recently modified their holdings of BRUN. Greenland Capital Management LP purchased a new position in shares of Boost Run during the 2nd quarter valued at about $2,615,000. Harraden Circle Investments LLC bought a new stake in Boost Run in the 2nd quarter worth approximately $28,390,000. Fund 1 Investments LLC purchased a new stake in Boost Run in the second quarter worth approximately $1,005,000. FirstWave Capital Management LLC purchased a new stake in Boost Run in the second quarter worth approximately $3,440,000. Finally, Wellington Management Group LLP bought a new position in Boost Run during the second quarter valued at approximately $24,033,000.

Wall Street Analysts Forecast Growth

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

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