a16z Perennial Management L.P. Purchases Shares of 1,874 Box, Inc. (NYSE:BOX)

a16z Perennial Management L.P. acquired a new position in shares of Box, Inc. (NYSE:BOX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,874 shares of the software maker’s stock, valued at approximately $48,000.

A number of other large investors have also added to or reduced their stakes in BOX. DekaBank Deutsche Girozentrale bought a new position in shares of BOX during the third quarter worth approximately $38,000. Blue Trust Inc. lifted its position in BOX by 17.0% during the fourth quarter. Blue Trust Inc. now owns 6,165 shares of the software maker’s stock worth $149,000 after purchasing an additional 897 shares during the period. Tennessee Valley Asset Management Partners acquired a new position in shares of BOX in the 4th quarter valued at approximately $185,000. Stratos Wealth Partners LTD. acquired a new position in shares of BOX during the 4th quarter worth $209,000. Finally, Jump Financial LLC acquired a new stake in shares of BOX in the 3rd quarter valued at approximately $210,000. Institutional investors own 86.74% of the company’s stock.

BOX Stock Up 1.5 %

NYSE:BOX traded up $0.39 during midday trading on Wednesday, hitting $26.41. The stock had a trading volume of 1,764,444 shares, compared to its average volume of 2,182,510. Box, Inc. has a one year low of $23.29 and a one year high of $31.94. The stock has a 50-day moving average of $27.56 and a 200 day moving average of $26.30. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 39.42, a PEG ratio of 9.05 and a beta of 0.84.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, March 5th. The software maker reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. The firm had revenue of $262.88 million during the quarter, compared to the consensus estimate of $262.92 million. On average, sell-side analysts anticipate that Box, Inc. will post 0.15 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Aaron Levie sold 10,000 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $29.47, for a total value of $294,700.00. Following the completion of the sale, the chief executive officer now owns 3,048,653 shares of the company’s stock, valued at $89,843,803.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $29.47, for a total transaction of $294,700.00. Following the sale, the chief executive officer now directly owns 3,048,653 shares of the company’s stock, valued at approximately $89,843,803.91. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dana L. Evan sold 11,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $28.47, for a total value of $313,170.00. Following the completion of the transaction, the director now directly owns 116,535 shares of the company’s stock, valued at $3,317,751.45. The disclosure for this sale can be found here. Insiders have sold 133,660 shares of company stock worth $3,792,204 over the last three months. 4.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BOX has been the subject of several research reports. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research note on Wednesday, March 20th. TheStreet raised BOX from a “c” rating to a “b” rating in a report on Tuesday, March 5th. JMP Securities reissued a “market outperform” rating and set a $32.00 price target on shares of BOX in a research note on Wednesday, March 20th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of BOX from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, BOX currently has an average rating of “Moderate Buy” and an average target price of $30.89.

About BOX

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.