Atom Investors LP Purchases Shares of 20,678 Box, Inc. (NYSE:BOX)

Atom Investors LP acquired a new position in shares of Box, Inc. (NYSE:BOX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,678 shares of the software maker’s stock, valued at approximately $677,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP boosted its stake in BOX by 324.6% during the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after buying an additional 1,084 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of BOX by 143.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after acquiring an additional 787 shares during the period. Toronto Dominion Bank acquired a new stake in shares of BOX during the 2nd quarter valued at about $53,000. Nisa Investment Advisors LLC increased its stake in BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after acquiring an additional 632 shares during the period. Finally, Farther Finance Advisors LLC raised its position in BOX by 245.4% in the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after purchasing an additional 1,536 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors.

BOX Price Performance

BOX opened at $34.37 on Wednesday. The stock has a market capitalization of $4.92 billion, a P/E ratio of 43.51 and a beta of 0.86. The company’s 50 day simple moving average is $33.04 and its 200-day simple moving average is $29.79. Box, Inc. has a one year low of $23.29 and a one year high of $35.74.

Insider Buying and Selling at BOX

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of BOX in a report on Thursday, November 14th. UBS Group boosted their price target on BOX from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Monness Crespi & Hardt upgraded BOX to a “hold” rating in a research note on Friday, August 16th. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 target price on shares of BOX in a research note on Wednesday, August 28th. Finally, StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $31.22.

BOX Profile

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.