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.
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.
COPYRIGHT VIOLATION WARNING: “potrero capital research llc Has $5.48 Million Stake in Box, Inc. (BOX)” was originally published by sleekmoney and is the property of of sleekmoney. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://sleekmoney.com/potrero-capital-research-llc-has-5-48-million-stake-in-box-inc-box/1916519.html.
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.
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.
Want to see what other hedge funds are holding BOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Box, Inc. (NYSE:BOX).
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/potrero-capital-research-llc-has-5-48-million-stake-in-box-inc-box/1916519.html
Receive News & Ratings for Box Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Box Inc. and related companies with MarketBeat.com's FREE daily email newsletter.