Boost Run (NASDAQ:BRUN) Shares Gap Down – Should You Sell?

Boost Run (NASDAQ:BRUN)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $8.16, but opened at $7.32. Boost Run shares last traded at $7.49, with a volume of 183,346 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have commented on BRUN shares. Weiss Ratings reissued a “sell (d)” rating on shares of Boost Run in a report on Friday, September 18th. Northland Securities upgraded Boost Run to a “strong-buy” rating in a report on Monday, September 28th. Yorkville Ives started coverage on Boost Run in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $24.00 price target for the company. 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 reiterated a “buy” rating and issued a $45.00 price target on shares of Boost Run in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Boost Run has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Boost Run Trading Down 12.2%

The company’s fifty day moving average is $14.45.

Boost Run (NASDAQ:BRUN) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.24) EPS for the quarter. The company had revenue of $31.14 million during the quarter. As a group, analysts expect that Boost Run will post -1.11 earnings per share for the current fiscal year.

Insider Transactions at Boost Run

In other news, Director Sean Goodrich sold 500,000 shares of the firm’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 sale, the director owned 4,437,921 shares of the company’s stock, valued at $62,130,894. This trade represents a 10.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new stake in Boost Run in the third quarter worth approximately $45,000. Silicon Valley Capital Partners purchased a new stake in Boost Run during the 2nd quarter valued at $111,000. WINTON GROUP Ltd purchased a new stake in Boost Run during the 2nd quarter valued at $411,000. Fund 1 Investments LLC bought a new position in shares of Boost Run during the 2nd quarter valued at $1,005,000. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Boost Run during the 2nd quarter valued at $1,940,000.

Boost Run Company Profile

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.