potrero capital research llc Has $5.48 Million Stake in Box, Inc. (BOX)

potrero capital research llc increased its stake in Box, Inc. (NYSE:BOX) by 30.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 335,734 shares of the software maker’s stock after buying an additional 78,955 shares during the period. Box makes up 4.9% of potrero capital research llc’s investment portfolio, making the stock its 4th largest position. potrero capital research llc owned 0.26% of Box worth $5,476,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BOX. Advisory Services Network LLC bought a new position in Box during the first quarter valued at $142,000. Cipher Capital LP purchased a new stake in shares of Box during the fourth quarter valued at about $149,000. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Box during the fourth quarter valued at about $175,000. Two Sigma Securities LLC purchased a new stake in shares of Box during the first quarter valued at about $177,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of Box during the fourth quarter valued at about $187,000. Institutional investors own 37.24% of the company’s stock.

Institutional Ownership by Quarter for Box (NYSE:BOX)

Box, Inc. (NYSE BOX) traded up 0.11% during mid-day trading on Friday, hitting $18.59. The stock had a trading volume of 3,210,791 shares. The stock’s 50-day moving average price is $18.37 and its 200-day moving average price is $16.85. Box, Inc. has a 12 month low of $9.86 and a 12 month high of $20.91. The stock’s market cap is $2.44 billion.

Box (NYSE:BOX) last announced its earnings results on Wednesday, May 31st. The software maker reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.01. The firm had revenue of $117.20 million during the quarter, compared to analysts’ expectations of $114.70 million. Box had a negative return on equity of 187.98% and a negative net margin of 36.01%. The company’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.18) EPS. On average, analysts predict that Box, Inc. will post ($0.46) earnings per share for the current year.

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BOX has been the subject of several research reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $19.00 target price on shares of Box in a research note on Friday, February 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 target price on shares of Box in a research note on Tuesday, February 21st. Drexel Hamilton reaffirmed a “buy” rating and issued a $26.00 target price on shares of Box in a research note on Friday, March 31st. Oppenheimer Holdings, Inc. set a $21.00 target price on Box and gave the stock a “buy” rating in a research note on Saturday, March 25th. Finally, Pacific Crest reaffirmed a “buy” rating and issued a $25.00 target price (up previously from $21.00) on shares of Box in a research note on Sunday, March 5th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $22.24.

In other news, Director Rory O’driscoll sold 43,500 shares of Box stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $16.41, for a total value of $713,835.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Daniel J. Levin sold 40,000 shares of Box stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $18.28, for a total value of $731,200.00. Following the completion of the transaction, the chief operating officer now owns 3,752 shares of the company’s stock, valued at approximately $68,586.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,482,372 shares of company stock valued at $25,984,625. Company insiders own 22.30% of the company’s stock.

About Box

Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.

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