Harraden Circle Investments LLC acquired a new position in Boost Run (NASDAQ:BRUN – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 731,523 shares of the company’s stock, valued at approximately $28,390,000. Boost Run makes up approximately 2.8% of Harraden Circle Investments LLC’s investment portfolio, making the stock its 7th largest position.
Several other hedge funds have also recently bought and sold shares of the business. AWM Investment Company Inc. acquired a new stake in shares of Boost Run in the second quarter worth about $31,581,000. Wellington Management Group LLP acquired a new position in shares of Boost Run during the 2nd quarter valued at about $24,033,000. FirstWave Capital Management LLC acquired a new position in shares of Boost Run during the 2nd quarter valued at about $3,440,000. Finally, Fund 1 Investments LLC acquired a new stake in Boost Run in the 2nd quarter worth approximately $1,005,000.
Boost Run Stock Up 4.1%
Shares of NASDAQ:BRUN opened at $17.64 on Friday. The firm’s 50 day simple moving average is $22.74. Boost Run has a twelve month low of $15.56 and a twelve month high of $42.00.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Wall Street Zen upgraded Boost Run from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. BTIG Research restated a “buy” rating and issued a $45.00 price objective on shares of Boost Run in a research note on Friday, August 14th. DA Davidson upped their price objective on shares of Boost Run from $25.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Craig Hallum reiterated a “buy” rating on shares of Boost Run in a research note on Wednesday, July 1st. Finally, Weiss Ratings initiated coverage on shares of Boost Run in a report on Tuesday, June 23rd. They issued a “sell (d)” rating on the stock. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Boost Run currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.
Read Our Latest Stock Analysis on Boost Run
Insider Activity
In related news, Director Sean Goodrich sold 198,200 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $20.15, for a total transaction of $3,993,730.00. Following the transaction, the director owned 4,937,921 shares of the company’s stock, valued at approximately $99,499,108.15. The trade was a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Boost Run is a technology company in the Internet Services & Infrastructure industry.
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