Kessler Investment Group LLC lifted its holdings in shares of Box Inc (NYSE:BOX) by 100.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,880 shares of the software maker’s stock after purchasing an additional 51,472 shares during the quarter. BOX accounts for 2.0% of Kessler Investment Group LLC’s holdings, making the stock its 22nd largest position. Kessler Investment Group LLC’s holdings in BOX were worth $1,987,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in BOX. Sageworth Trust Co bought a new stake in shares of BOX during the first quarter worth $26,000. RPg Family Wealth Advisory LLC acquired a new position in shares of BOX during the fourth quarter worth $30,000. Loeb Partners Corp acquired a new position in shares of BOX during the fourth quarter worth $53,000. Westside Investment Management Inc. lifted its holdings in shares of BOX by 22.2% during the fourth quarter. Westside Investment Management Inc. now owns 3,300 shares of the software maker’s stock worth $58,000 after purchasing an additional 600 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of BOX by 15.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,750 shares of the software maker’s stock worth $63,000 after purchasing an additional 500 shares during the period. 66.20% of the stock is currently owned by institutional investors.
BOX stock traded down $0.01 during midday trading on Tuesday, hitting $19.71. The stock had a trading volume of 350,949 shares, compared to its average volume of 1,469,984. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of -20.53 and a beta of 1.49. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 2.69. Box Inc has a 1-year low of $15.64 and a 1-year high of $29.79.
A number of brokerages have recently commented on BOX. Rosenblatt Securities reiterated a “neutral” rating and set a $21.00 price target (down previously from $27.00) on shares of BOX in a report on Thursday, February 28th. Canaccord Genuity reiterated a “buy” rating and set a $24.00 price target (down previously from $30.00) on shares of BOX in a report on Thursday, February 28th. Morgan Stanley cut their price target on shares of BOX from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Thursday, February 28th. DA Davidson restated a “buy” rating and issued a $25.00 target price on shares of BOX in a report on Friday, February 22nd. Finally, Goldman Sachs Group began coverage on shares of BOX in a report on Tuesday, February 5th. They issued a “buy” rating and a $31.00 target price on the stock. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $24.80.
In other news, Director Daniel J. Levin sold 40,000 shares of the business’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $22.63, for a total transaction of $905,200.00. Following the completion of the sale, the director now directly owns 5,790 shares of the company’s stock, valued at $131,027.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Dylan C. Smith sold 15,000 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $19.53, for a total transaction of $292,950.00. Following the sale, the chief financial officer now directly owns 1,114,280 shares of the company’s stock, valued at $21,761,888.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 170,000 shares of company stock valued at $3,645,700. 8.51% of the stock is currently owned by 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 or any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.
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