Whitebox Advisors LLC Makes New $1.45 Million Investment in Box, Inc. (NYSE:BOX)

Whitebox Advisors LLC bought a new stake in Box, Inc. (NYSE:BOX - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 44,300 shares of the software maker's stock, valued at approximately $1,450,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake in shares of BOX by 10.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker's stock worth $44,900,000 after purchasing an additional 134,175 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of BOX by 143.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker's stock worth $6,742,000 after purchasing an additional 150,309 shares during the period. Comerica Bank lifted its position in BOX by 964.7% during the first quarter. Comerica Bank now owns 85,081 shares of the software maker's stock valued at $2,409,000 after buying an additional 77,090 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of BOX by 16.0% during the 2nd quarter. Bank of Montreal Can now owns 351,850 shares of the software maker's stock valued at $9,514,000 after acquiring an additional 48,633 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in shares of BOX in the third quarter worth about $1,221,000. Hedge funds and other institutional investors own 86.74% of the company's stock.

Insider Activity

In other news, Director Jack R. Lazar sold 2,500 shares of the firm's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the completion of the sale, the director now owns 26,697 shares of the company's stock, valued at $927,720.75. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.21, for a total value of $444,730.00. Following the transaction, the chief financial officer now directly owns 1,461,509 shares in the company, valued at approximately $49,998,222.89. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,500 shares of company stock worth $1,711,135. Insiders own 4.10% of the company's stock.

BOX Stock Up 1.4 %

NYSE:BOX traded up $0.45 during trading hours on Friday, reaching $32.50. 1,968,970 shares of the company's stock were exchanged, compared to its average volume of 2,021,248. The company has a market capitalization of $4.65 billion, a P/E ratio of 40.61 and a beta of 0.86. Box, Inc. has a 12 month low of $23.78 and a 12 month high of $35.74. The business's 50-day simple moving average is $33.04 and its two-hundred day simple moving average is $29.91.

Analyst Ratings Changes

BOX has been the subject of a number of recent analyst reports. StockNews.com lowered shares of BOX from a "strong-buy" rating to a "buy" rating in a report on Thursday. Royal Bank of Canada reissued an "underperform" rating and set a $21.00 target price on shares of BOX in a report on Wednesday. UBS Group raised their price target on BOX from $34.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday. Monness Crespi & Hardt raised shares of BOX to a "hold" rating in a research note on Friday, August 16th. Finally, William Blair reissued an "outperform" rating on shares of BOX in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $34.00.

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.