Rosenberg Matthew Hamilton Acquires 1,159 Shares of Box, Inc. (NYSE:BOX)

Rosenberg Matthew Hamilton raised its holdings in shares of Box, Inc. (NYSE:BOX) by 16.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,119 shares of the software maker’s stock after acquiring an additional 1,159 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in BOX were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. State of Alaska Department of Revenue purchased a new stake in shares of BOX in the first quarter worth $2,477,000. Maryland State Retirement & Pension System acquired a new position in shares of BOX in the first quarter valued at about $1,361,000. Mutual of America Capital Management LLC purchased a new position in shares of BOX during the first quarter worth $701,000. Central Pacific Bank Trust Division acquired a new position in BOX during the first quarter worth $174,000. Finally, GSA Capital Partners LLP purchased a new position in BOX during the first quarter valued at $1,009,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Aaron Levie sold 10,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total value of $329,200.00. Following the completion of the transaction, the chief executive officer now owns 3,009,155 shares of the company’s stock, valued at approximately $99,061,382.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total value of $329,200.00. Following the completion of the sale, the chief executive officer now owns 3,009,155 shares in the company, valued at approximately $99,061,382.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $32.89, for a total value of $427,570.00. Following the completion of the sale, the chief financial officer now owns 1,500,661 shares of the company’s stock, valued at $49,356,740.29. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,000 shares of company stock worth $1,759,940 in the last quarter. 4.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on BOX. Citigroup upped their price target on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Monness Crespi & Hardt upgraded BOX to a “hold” rating in a research report on Friday, August 16th. Morgan Stanley boosted their price target on BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. 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, August 28th. Finally, StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $31.22.

BOX Stock Performance

BOX traded down $0.02 during trading on Thursday, hitting $32.12. The stock had a trading volume of 78,519 shares, compared to its average volume of 2,001,940. The firm has a market capitalization of $4.60 billion, a P/E ratio of 40.72 and a beta of 0.85. The company’s 50-day moving average price is $32.16 and its 200 day moving average price is $28.58. Box, Inc. has a twelve month low of $23.29 and a twelve month high of $33.95.

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

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.