Bank of Montreal Can trimmed its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 9.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 319,726 shares of the software maker's stock after selling 32,124 shares during the period. Bank of Montreal Can owned about 0.22% of BOX worth $10,471,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in BOX. Quarry LP boosted its holdings in shares of BOX by 324.6% during the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker's stock worth $37,000 after buying an additional 1,084 shares during the period. GAMMA Investing LLC boosted 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 buying an additional 787 shares during the period. Toronto Dominion Bank bought a new stake in shares of BOX during the 2nd quarter worth about $53,000. Nisa Investment Advisors LLC boosted its holdings in shares of BOX by 31.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker's stock worth $69,000 after buying an additional 632 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of BOX by 245.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker's stock worth $71,000 after buying an additional 1,536 shares during the period. 86.74% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.21, for a total transaction of $444,730.00. Following the sale, the chief financial officer now directly owns 1,461,509 shares of the company's stock, valued at $49,998,222.89. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jack R. Lazar sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total transaction of $86,875.00. Following the sale, the director now directly owns 26,697 shares in the company, valued at $927,720.75. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,500 shares of company stock worth $1,711,135 in the last three months. 4.10% of the stock is owned by corporate insiders.
BOX Price Performance
BOX stock traded up $0.15 during trading on Monday, reaching $35.24. 543,706 shares of the company were exchanged, compared to its average volume of 1,982,737. The company has a 50-day moving average of $32.99 and a two-hundred day moving average of $29.73. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 44.75 and a beta of 0.85. Box, Inc. has a twelve month low of $23.29 and a twelve month high of $35.74.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on BOX shares. UBS Group boosted their price objective on shares of BOX from $31.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, August 28th. Citigroup boosted their price objective on shares of BOX from $32.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, August 28th. StockNews.com raised shares of BOX from a "buy" rating to a "strong-buy" rating in a report on Thursday, August 15th. Monness Crespi & Hardt upgraded shares of BOX to a "hold" rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada restated an "underperform" rating and issued a $21.00 target price on shares of BOX in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $31.22.
Check Out Our Latest Stock Report on BOX
About BOX
(
Free Report)
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.
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