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

FORA Capital LLC bought a new position in shares of Box, Inc. (NYSE:BOX - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 42,074 shares of the software maker's stock, valued at approximately $1,377,000.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in BOX by 143.1% in 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. Quarry LP lifted its holdings in BOX by 324.6% in the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker's stock valued at $37,000 after purchasing an additional 1,084 shares in the last quarter. Toronto Dominion Bank acquired a new position in BOX during the second quarter worth about $53,000. Farther Finance Advisors LLC grew its position in shares of BOX by 245.4% in the third 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 in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of BOX by 31.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker's stock worth $69,000 after acquiring an additional 632 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company's stock.

Insider Activity

In related news, CFO Dylan C. Smith sold 13,000 shares of the 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 sale, the chief financial officer now directly owns 1,500,661 shares in the company, valued at $49,356,740.29. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Aaron Levie sold 10,000 shares of the business's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total transaction of $329,200.00. Following the completion of the transaction, the chief executive officer now directly 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 position. The disclosure for this sale can be found here. Insiders have sold 51,500 shares of company stock valued at $1,711,135 over the last 90 days. 4.10% of the stock is owned by company insiders.

BOX Price Performance

BOX traded down $0.45 during midday trading on Thursday, hitting $35.06. 1,322,891 shares of the company's stock traded hands, compared to its average volume of 1,994,543. The company has a market cap of $5.02 billion, a PE ratio of 44.39 and a beta of 0.85. Box, Inc. has a one year low of $23.29 and a one year high of $35.74. The stock's fifty day simple moving average is $32.86 and its 200-day simple moving average is $29.55.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. The business 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%. BOX's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.01 EPS. On average, research analysts expect that Box, Inc. will post 0.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BOX shares. Citigroup increased their price objective 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. StockNews.com upgraded BOX from a "buy" rating to a "strong-buy" rating in a research note on Thursday, August 15th. Royal Bank of Canada reissued an "underperform" rating and set a $21.00 price target on shares of BOX in a report on Wednesday, August 28th. William Blair restated an "outperform" rating on shares of BOX in a research report on Thursday, November 14th. Finally, UBS Group increased their price objective on shares of BOX from $31.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.22.

BOX Company 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.