Box, Inc. (NYSE:BOX) Shares Bought by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton lifted its holdings in Box, Inc. (NYSE:BOX) by 16.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,119 shares of the software maker’s stock after acquiring an additional 1,159 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in BOX were worth $266,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC increased its position in BOX by 143.1% during the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after acquiring an additional 787 shares during the period. Quarry LP grew its stake in shares of BOX by 324.6% in the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after buying an additional 1,084 shares in the last quarter. Toronto Dominion Bank bought a new position in shares of BOX during the second quarter worth approximately $53,000. Nisa Investment Advisors LLC increased its position in shares of BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after purchasing an additional 632 shares during the period. Finally, Quest Partners LLC acquired a new position in BOX during the second quarter valued at approximately $95,000. Institutional investors own 86.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BOX. UBS Group raised their target price on BOX from $31.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Monness Crespi & Hardt raised BOX to a “hold” rating in a research note on Friday, August 16th. Citigroup lifted their price objective on BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price target on shares of BOX in a research report on Wednesday, August 28th. Finally, Morgan Stanley raised their target price on shares of BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $31.22.

BOX Price Performance

BOX stock traded down $0.02 during trading on Thursday, reaching $32.12. The company had a trading volume of 78,519 shares, compared to its average volume of 2,001,940. Box, Inc. has a 52 week low of $23.29 and a 52 week high of $33.95. The business has a 50 day moving average of $32.16 and a 200 day moving average of $28.58. The company has a market cap of $4.60 billion, a P/E ratio of 40.72 and a beta of 0.85.

BOX (NYSE:BOX) last released its earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $270.04 million during the quarter, compared to analyst estimates of $269.52 million. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the business earned $0.01 earnings per share. Research analysts expect that Box, Inc. will post 0.23 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $32.52, for a total value of $422,760.00. Following the sale, the chief financial officer now directly owns 1,474,509 shares of the company’s stock, valued at approximately $47,951,032.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $32.52, for a total transaction of $422,760.00. Following the completion of the sale, the chief financial officer now directly owns 1,474,509 shares of the company’s stock, valued at approximately $47,951,032.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total transaction of $329,200.00. Following the completion of the sale, the chief executive officer now owns 3,009,155 shares of the company’s stock, valued at approximately $99,061,382.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,000 shares of company stock worth $1,759,940. 4.10% of the stock is owned by corporate insiders.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.