GSA Capital Partners LLP Invests $1.66 Million in Box, Inc. (NYSE:BOX)

GSA Capital Partners LLP acquired a new position in shares of Box, Inc. (NYSE:BOX - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 50,654 shares of the software maker's stock, valued at approximately $1,658,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP increased its stake in BOX by 324.6% in the second quarter. Quarry LP now owns 1,418 shares of the software maker's stock valued at $37,000 after acquiring an additional 1,084 shares during the period. GAMMA Investing LLC boosted its position in BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker's stock valued at $44,000 after buying an additional 787 shares in the last quarter. Toronto Dominion Bank acquired a new position in BOX in the second quarter valued at about $53,000. Nisa Investment Advisors LLC boosted its position 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 buying an additional 632 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted 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 valued at $71,000 after buying an additional 1,536 shares in the last quarter. Institutional investors own 86.74% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of BOX from $30.00 to $33.00 and gave the company an "equal weight" rating in a report on Thursday, September 5th. UBS Group raised their target price on shares of BOX from $31.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, August 28th. Citigroup increased their price target on shares of BOX from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, August 28th. Monness Crespi & Hardt upgraded shares of BOX to a "hold" rating in a research note on Friday, August 16th. Finally, Royal Bank of Canada reiterated an "underperform" rating and issued a $21.00 price target on shares of BOX in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have given 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 an average rating of "Moderate Buy" and a consensus price target of $31.22.

BOX Price Performance

Shares of NYSE BOX traded up $0.43 during trading on Wednesday, hitting $34.67. The stock had a trading volume of 1,490,193 shares, compared to its average volume of 1,994,168. Box, Inc. has a 12 month low of $23.29 and a 12 month high of $35.07. The company has a market capitalization of $4.97 billion, a PE ratio of 44.32 and a beta of 0.85. The firm has a fifty day moving average of $32.62 and a two-hundred day moving average of $29.00.

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

Insider Buying and Selling at BOX

In other news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total transaction of $329,200.00. Following the transaction, the chief executive officer now directly owns 3,009,155 shares of the company's stock, valued at $99,061,382.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other BOX news, 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 value of $329,200.00. Following the sale, the chief executive officer now owns 3,009,155 shares in the company, valued at $99,061,382.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the business's stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $32.52, for a total transaction of $422,760.00. Following the completion of the sale, the chief financial officer now owns 1,474,509 shares in the company, valued at approximately $47,951,032.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,000 shares of company stock valued at $1,408,290. 4.10% of the stock is currently owned by company insiders.

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.