Beacon Harbor Wealth Advisors Inc. purchased a new stake in Box, Inc. (NYSE:BOX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 189,765 shares of the software maker's stock, valued at approximately $5,997,000. Beacon Harbor Wealth Advisors Inc. owned 0.13% of BOX at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in BOX in the 3rd quarter valued at $36,000. Smartleaf Asset Management LLC boosted its holdings in BOX by 715.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock valued at $69,000 after purchasing an additional 1,897 shares during the period. Farther Finance Advisors LLC boosted its holdings in BOX by 245.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker's stock valued at $71,000 after purchasing an additional 1,536 shares during the period. SBI Securities Co. Ltd. bought a new position in BOX in the 4th quarter valued at $132,000. Finally, Plato Investment Management Ltd purchased a new stake in shares of BOX during the 4th quarter valued at $134,000. 86.74% of the stock is owned by institutional investors.
Insider Buying and Selling at BOX
In other BOX news, VP Eli Berkovitch sold 4,792 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $32.46, for a total value of $155,548.32. Following the transaction, the vice president now owns 140,172 shares in the company, valued at approximately $4,549,983.12. The trade was a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Olivia Nottebohm sold 12,414 shares of the business's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $31.85, for a total transaction of $395,385.90. Following the completion of the transaction, the chief operating officer now owns 453,146 shares in the company, valued at $14,432,700.10. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,041 shares of company stock worth $2,889,758. 4.10% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. DA Davidson assumed coverage on shares of BOX in a research report on Wednesday, December 18th. They set a "buy" rating and a $45.00 price objective on the stock. William Blair restated an "outperform" rating on shares of BOX in a research report on Thursday, November 14th. Royal Bank of Canada restated an "underperform" rating and set a $21.00 price objective on shares of BOX in a research report on Wednesday, December 4th. UBS Group raised their price objective on shares of BOX from $34.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of BOX from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, BOX presently has an average rating of "Moderate Buy" and an average target price of $36.60.
Check Out Our Latest Analysis on BOX
BOX Stock Performance
NYSE:BOX traded up $0.12 during trading hours on Friday, reaching $32.28. The company's stock had a trading volume of 2,116,996 shares, compared to its average volume of 1,888,260. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 40.35, a PEG ratio of 4.42 and a beta of 1.00. The firm has a 50-day simple moving average of $32.82 and a 200-day simple moving average of $32.70. Box, Inc. has a 1 year low of $24.63 and a 1 year high of $35.74.
BOX declared that its board has initiated a share repurchase plan on Tuesday, March 4th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the software maker to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.
BOX Profile
(
Free Report)
Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.
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