FORA Capital LLC Invests $1.38 Million in Box, Inc. (NYSE:BOX)

FORA Capital LLC bought a new position in Box, Inc. (NYSE:BOX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 42,074 shares of the software maker’s stock, valued at approximately $1,377,000.

Several other large investors have also made changes to their positions in BOX. Lazard Asset Management LLC grew its holdings in shares of BOX by 358.3% in the 1st quarter. Lazard Asset Management LLC now owns 7,842 shares of the software maker’s stock worth $221,000 after purchasing an additional 6,131 shares during the last quarter. Tidal Investments LLC bought a new stake in BOX during the 1st quarter worth about $391,000. Comerica Bank grew its holdings in BOX by 964.7% during the 1st quarter. Comerica Bank now owns 85,081 shares of the software maker’s stock worth $2,409,000 after acquiring an additional 77,090 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in BOX during the 1st quarter worth about $1,096,000. Finally, Myecfo LLC grew its holdings in BOX by 7.3% during the 2nd quarter. Myecfo LLC now owns 21,918 shares of the software maker’s stock worth $580,000 after acquiring an additional 1,495 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

BOX has been the topic of a number of research analyst reports. UBS Group increased their price objective on shares of BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Citigroup increased their price objective on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Morgan Stanley increased their price objective on shares of BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Finally, Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.22.

BOX Price Performance

Shares of NYSE:BOX opened at $35.07 on Thursday. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 44.39 and a beta of 0.85. The firm’s 50 day simple moving average is $32.86 and its 200 day simple moving average is $29.55. Box, Inc. has a fifty-two week low of $23.29 and a fifty-two week high of $35.74.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The company had revenue of $270.04 million for the quarter, compared to analysts’ expectations of $269.52 million. During the same period last year, the firm posted $0.01 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts expect that Box, Inc. will post 0.23 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total transaction of $329,200.00. Following the sale, the chief executive officer now owns 3,009,155 shares of the company’s stock, valued at $99,061,382.60. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jack R. Lazar sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the sale, the director now directly owns 26,697 shares in the company, valued at approximately $927,720.75. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,500 shares of company stock worth $1,711,135. Corporate insiders own 4.10% of the company’s stock.

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.