Box, Inc. (BOX) Shares Bought by GSA Capital Partners LLP
GSA Capital Partners LLP grew its stake in Box, Inc. (NYSE:BOX) by 72.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,751 shares of the software maker’s stock after acquiring an additional 18,864 shares during the period. GSA Capital Partners LLP’s holdings in Box were worth $816,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its position in shares of Box by 843.7% during the second quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock worth $178,000 after purchasing an additional 8,749 shares in the last quarter. StepStone Group LP bought a new stake in shares of Box during the second quarter valued at approximately $180,000. Amalgamated Bank bought a new stake in shares of Box during the second quarter valued at approximately $183,000. Two Sigma Securities LLC bought a new stake in shares of Box during the first quarter valued at approximately $177,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Box during the second quarter valued at approximately $199,000. 57.37% of the stock is owned by institutional investors.
Box, Inc. (NYSE:BOX) opened at 19.24 on Wednesday. The firm’s market cap is $2.57 billion. The firm has a 50-day moving average price of $18.47 and a 200 day moving average price of $18.47. Box, Inc. has a 1-year low of $13.56 and a 1-year high of $19.44.
Box (NYSE:BOX) last released its quarterly earnings results on Wednesday, August 30th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. The firm had revenue of $122.94 million during the quarter, compared to the consensus estimate of $121.75 million. Box had a negative net margin of 34.11% and a negative return on equity of 232.81%. The company’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.14) earnings per share. Equities analysts predict that Box, Inc. will post ($0.45) earnings per share for the current year.
Several research analysts recently weighed in on the stock. BidaskClub upgraded shares of Box from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Mitsubishi UFJ Financial Group upgraded Box to an “overweight” rating and increased their price objective for the company from $23.00 to $24.00 in a research report on Thursday, August 31st. Raymond James Financial, Inc. upgraded Box from a “market perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research report on Monday, September 25th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $22.00 target price on shares of Box in a research note on Sunday, September 3rd. Finally, Drexel Hamilton reissued a “buy” rating and issued a $28.00 target price on shares of Box in a research note on Tuesday, June 27th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $23.01.
In related news, VP Jeff Mannie sold 6,145 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $19.00, for a total transaction of $116,755.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Rory O’driscoll sold 3,600 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $18.51, for a total value of $66,636.00. The disclosure for this sale can be found here. In the last three months, insiders sold 986,534 shares of company stock worth $18,436,451. 20.59% of the stock is currently owned by insiders.
Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.
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