Moors & Cabot Inc. Invests $202,000 in Box, Inc. (NYSE:BOX)

Moors & Cabot Inc. purchased a new position in shares of Box, Inc. (NYSE:BOX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 6,890 shares of the software maker’s stock, valued at approximately $202,000.

Other institutional investors also recently modified their holdings of the company. Fairfield Bush & CO. acquired a new position in shares of BOX during the 1st quarter worth $29,000. Altshuler Shaham Ltd bought a new stake in BOX during the 1st quarter worth $30,000. Quarry LP grew its position in BOX by 318.2% during the 1st quarter. Quarry LP now owns 1,330 shares of the software maker’s stock worth $36,000 after acquiring an additional 1,012 shares during the last quarter. Glass Jacobson Investment Advisors llc bought a new stake in BOX during the 2nd quarter worth $41,000. Finally, Spire Wealth Management grew its position in BOX by 71.5% during the 1st quarter. Spire Wealth Management now owns 1,887 shares of the software maker’s stock worth $51,000 after acquiring an additional 787 shares during the last quarter. Institutional investors and hedge funds own 87.90% of the company’s stock.

Insider Buying and Selling at BOX

In other news, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $25.70, for a total value of $257,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,068,653 shares of the company’s stock, valued at $78,864,382.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $25.88, for a total value of $336,440.00. Following the sale, the chief financial officer now owns 1,507,165 shares in the company, valued at $39,005,430.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Aaron Levie sold 10,000 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $25.70, for a total value of $257,000.00. Following the completion of the sale, the chief executive officer now owns 3,068,653 shares in the company, valued at approximately $78,864,382.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,000 shares of company stock valued at $1,380,270. Company insiders own 4.90% of the company’s stock.

BOX Stock Up 1.2 %

BOX stock opened at $26.12 on Tuesday. The firm has a market cap of $3.76 billion, a PE ratio of 137.48, a P/E/G ratio of 14.92 and a beta of 0.95. The business has a 50 day moving average of $24.96 and a 200-day moving average of $27.59. Box, Inc. has a 12-month low of $23.57 and a 12-month high of $34.98.

BOX (NYSE:BOX) last released its earnings results on Tuesday, August 29th. The software maker reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. BOX had a negative return on equity of 6.51% and a net margin of 4.86%. The company had revenue of $261.43 million during the quarter, compared to analyst estimates of $261.32 million. During the same period in the prior year, the company posted ($0.05) earnings per share. BOX’s quarterly revenue was up 6.3% on a year-over-year basis. On average, research analysts expect that Box, Inc. will post 0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BOX shares. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price objective on shares of BOX in a research report on Thursday, October 12th. Craig Hallum lowered BOX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Oppenheimer restated an “outperform” rating and set a $35.00 price objective on shares of BOX in a research report on Wednesday, August 30th. JMP Securities reiterated a “market outperform” rating and issued a $32.00 price target on shares of BOX in a research report on Wednesday, August 30th. Finally, StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, BOX currently has a consensus rating of “Moderate Buy” and an average price target of $32.25.

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 collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations.