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

Key Points

• Unusual options activity: Traders purchased 14,161 Boost Run call options, about 48% above the typical daily volume.
• Shares fell sharply: BRUN declined 8.6% to $9.21, near its 52-week low of $8.95 and well below its 50-day moving average of $16.85.
• Mixed outlook: Analysts maintain a consensus “Moderate Buy” rating with a $42.75 price target, while the company reported a quarterly loss of $0.24 per share and an insider sold 500,000 shares.

Boost Run (NASDAQ:BRUN - Get Free Report) saw some unusual options trading on Friday. Traders acquired 14,161 call options on the company. This is an increase of approximately 48% compared to the typical daily volume of 9,542 call options.

Wall Street Analysts Forecast Growth

BRUN has been the topic of several analyst reports. Northland Securities raised Boost Run to a "strong-buy" rating in a research note on Monday, September 28th. Zacks Research upgraded Boost Run to a "hold" rating in a research report on Tuesday, September 29th. BTIG Research restated a "buy" rating and set a $45.00 target price on shares of Boost Run in a research report on Friday, August 14th. Craig Hallum reaffirmed a "buy" rating on shares of Boost Run in a research note on Wednesday, July 1st. Finally, Wall Street Zen cut Boost Run from a "hold" rating to a "sell" rating in a research note on Saturday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $42.75.

Boost Run Trading Down 8.6%

Boost Run stock traded down $0.87 during mid-day trading on Friday, hitting $9.21. 2,129,743 shares of the company's stock were exchanged, compared to its average volume of 2,243,705. The company has a 50 day moving average price of $16.85. Boost Run has a fifty-two week low of $8.95 and a fifty-two week high of $42.00.

Boost Run (NASDAQ:BRUN - Get Free Report) last posted its earnings results on Friday, August 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. The business had revenue of $31.14 million during the quarter. Analysts predict that Boost Run will post -1.95 EPS for the current fiscal year.

Insider Activity

In other news, Director Sean Goodrich sold 500,000 shares of the firm's stock in a transaction on Monday, September 14th. The stock was sold at an average price of $14.00, for a total value of $7,000,000.00. Following the transaction, the director directly owned 4,437,921 shares in the company, valued at $62,130,894. This trade represents a 10.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hedge Funds Weigh In On Boost Run

Several institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new position in Boost Run in the third quarter valued at approximately $45,000. State Street Corp bought a new stake in shares of Boost Run during the second quarter worth $2,441,000. Silicon Valley Capital Partners bought a new stake in shares of Boost Run during the second quarter worth $111,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Boost Run during the second quarter worth $1,940,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of Boost Run during the second quarter worth $411,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.