Terrestrial locomotion is a complex phenomenon that is often linked to the survival of an individual and of an animal species. Mathematical models seek to express in quantitative terms how animals move, but this is challenging because the ways in which the nervous and musculoskeletal systems interact to produce body movement is not completely understood. Models with many variables tend to lack biological interpretability and describe the motion of an animal with too many independent degrees of freedom. Instead, reductionist models aim to describe the essential features of a gait with the smallest number of variables, often concentrating on the center of mass dynamics. In particular, spring–mass models have been successful in extracting and describing important characteristics of running. In this paper, we consider the spring loaded inverted pendulum model under the regime of constant angular velocity, small compression, and small angle swept during stance. We provide conditions for the asymptotic stability of periodic trajectories for the full range of parameters. The hypothesis of linear angular dynamics during stance is successfully tested on publicly available human data of individuals running on a treadmill at different velocities. Our analysis highlights a novel bifurcation phenomenon for varying Froude number: there are periodic trajectories of the spring loaded inverted pendulum model that are stable only in a restricted range of Froude numbers, while they become unstable for smaller or larger Froude numbers.