Boost Run (NASDAQ:BRUN) Stock Sees Heavy Call Option Buying

Boost Run (NASDAQ:BRUN) saw some unusual options trading on Friday. Stock investors bought 14,161 call options on the company. This represents an increase of 48% compared to the typical daily volume of 9,542 call options.

Boost Run Price Performance

Shares of BRUN traded down $0.87 during midday trading on Friday, reaching $9.21. The stock had a trading volume of 2,129,743 shares, compared to its average volume of 2,243,705. The company’s 50 day simple moving average is $16.85. Boost Run has a one year low of $8.95 and a one year 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 firm had revenue of $31.14 million for the quarter. Analysts expect that Boost Run will post -1.95 earnings per share for the current year.

Wall Street Analyst Weigh In

BRUN has been the topic of a number of recent research reports. Northland Securities raised Boost Run to a “strong-buy” rating in a research report on Monday, September 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Boost Run in a report on Friday, September 18th. Zacks Research upgraded shares of Boost Run to a “hold” rating in a report on Tuesday, September 29th. BTIG Research reissued a “buy” rating and issued a $45.00 price objective on shares of Boost Run in a research report on Friday, August 14th. Finally, Craig Hallum restated a “buy” rating on shares of Boost Run in a report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.75.

Insider Buying and Selling at Boost Run

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 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 $62,130,894. This represents a 10.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Boost Run

A number of institutional investors have recently bought and sold shares of BRUN. AWM Investment Company Inc. bought a new stake in Boost Run in the second quarter valued at approximately $31,581,000. Harraden Circle Investments LLC bought a new stake in Boost Run in the 2nd quarter valued at $28,390,000. Wellington Management Group LLP bought a new stake in Boost Run in the 2nd quarter valued at $24,033,000. FirstWave Capital Management LLC acquired a new stake in Boost Run during the 2nd quarter valued at $3,440,000. Finally, Greenland Capital Management LP acquired a new stake in Boost Run during the 2nd quarter valued at $2,615,000.

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.