Harraden Circle Investments LLC Purchases New Holdings in Boost Run $BRUN

Harraden Circle Investments LLC acquired a new position in Boost Run (NASDAQ:BRUN) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 731,523 shares of the company’s stock, valued at approximately $28,390,000. Boost Run accounts for 2.8% of Harraden Circle Investments LLC’s investment portfolio, making the stock its 7th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fund 1 Investments LLC acquired a new stake in Boost Run during the 2nd quarter worth about $1,005,000. FirstWave Capital Management LLC acquired a new position in shares of Boost Run in the 2nd quarter valued at about $3,440,000. Wellington Management Group LLP acquired a new position in shares of Boost Run in the 2nd quarter valued at about $24,033,000. Finally, AWM Investment Company Inc. acquired a new position in shares of Boost Run in the 2nd quarter valued at about $31,581,000.

Insider Buying and Selling

In related news, Director Sean Goodrich sold 198,200 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Ratings Changes

BRUN has been the subject of several research reports. Weiss Ratings initiated coverage on shares of Boost Run in a report on Tuesday, June 23rd. They set a “sell (d)” rating for the company. Craig Hallum reiterated a “buy” rating on shares of Boost Run in a research note on Wednesday, July 1st. Wall Street Zen upgraded shares of Boost Run from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. BTIG Research reiterated a “buy” rating and issued a $45.00 target price on shares of Boost Run in a research report on Friday, August 14th. Finally, DA Davidson lifted their target price on shares of Boost Run from $25.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, June 1st. 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Boost Run Trading Up 4.1%

Shares of NASDAQ BRUN opened at $17.64 on Friday. Boost Run has a one year low of $15.56 and a one year high of $42.00. The company has a 50-day moving average price of $22.74.

Boost Run (NASDAQ:BRUN) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.24) earnings per share for the quarter. The firm had revenue of $31.14 million during the quarter.

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