Moloney Securities Asset Management LLC purchased a new position in shares of Box Inc (NYSE:BOX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 18,985 shares of the software maker’s stock, valued at approximately $334,000.
Other large investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new position in BOX during the 1st quarter worth approximately $31,000. Valeo Financial Advisors LLC grew its stake in BOX by 756.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,055 shares of the software maker’s stock worth $36,000 after buying an additional 1,815 shares during the last quarter. Truvestments Capital LLC purchased a new position in BOX during the 2nd quarter worth approximately $52,000. Belpointe Asset Management LLC purchased a new position in BOX during the 1st quarter worth approximately $104,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in BOX during the 2nd quarter worth approximately $182,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.
Shares of BOX stock traded down $0.53 during midday trading on Friday, hitting $13.98. The company had a trading volume of 1,571,314 shares, compared to its average volume of 1,411,635. The stock has a 50 day simple moving average of $16.88. Box Inc has a 52-week low of $13.91 and a 52-week high of $27.19. The firm has a market capitalization of $2.09 billion, a PE ratio of -14.56 and a beta of 1.36. The company has a debt-to-equity ratio of 10.68, a quick ratio of 0.83 and a current ratio of 0.83.
A number of research analysts recently issued reports on the company. JMP Securities dropped their price target on BOX from $24.00 to $21.00 and set a “market outperform” rating on the stock in a research note on Tuesday, June 4th. ValuEngine downgraded BOX from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. William Blair restated an “outperform” rating on shares of BOX in a research note on Tuesday, June 4th. Deutsche Bank dropped their price target on BOX from $21.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, June 4th. Finally, Zacks Investment Research upgraded BOX from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, June 6th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $21.04.
In other news, Director Josh Stein sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $18.19, for a total value of $363,800.00. Following the completion of the sale, the director now directly owns 3,699 shares of the company’s stock, valued at approximately $67,284.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dylan C. Smith sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $18.02, for a total value of $270,300.00. Following the completion of the sale, the chief financial officer now directly owns 1,084,280 shares of the company’s stock, valued at $19,538,725.60. The disclosure for this sale can be found here. 6.70% of the stock is owned by company insiders.
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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