Box Inc. (BOX) Position Maintained by Grimes & Company Inc.
Grimes & Company Inc. continued to hold its stake in shares of Box Inc. (NYSE:BOX) during the second quarter, Holdings Channel reports. The institutional investor owned 11,000 shares of the company’s stock at the end of the second quarter. Grimes & Company Inc.’s holdings in Box were worth $114,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. BlackRock Group LTD boosted its position in Box by 78.3% in the first quarter. BlackRock Group LTD now owns 9,725 shares of the company’s stock valued at $119,000 after buying an additional 4,270 shares in the last quarter. Squarepoint Ops LLC bought a new position in Box during the first quarter valued at $126,000. UBS Group AG boosted its position in Box by 47.4% in the first quarter. UBS Group AG now owns 119,870 shares of the company’s stock valued at $1,470,000 after buying an additional 38,558 shares in the last quarter. Marcus Capital LLC boosted its position in Box by 0.3% in the first quarter. Marcus Capital LLC now owns 117,500 shares of the company’s stock valued at $1,441,000 after buying an additional 300 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in Box by 83.0% in the first quarter. Royal Bank of Canada now owns 10,986 shares of the company’s stock valued at $134,000 after buying an additional 4,983 shares in the last quarter. 27.08% of the stock is currently owned by institutional investors.
Shares of Box Inc. (NYSE:BOX) traded up 0.34% during trading on Thursday, reaching $14.81. 692,388 shares of the company traded hands. Box Inc. has a 12-month low of $8.82 and a 12-month high of $14.94. The stock’s market capitalization is $1.88 billion. The firm’s 50-day moving average is $13.48 and its 200-day moving average is $12.20.
Box (NYSE:BOX) last announced its quarterly earnings data on Wednesday, August 31st. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.05. The business had revenue of $95.70 million for the quarter, compared to analyst estimates of $94.65 million. Box had a negative net margin of 52.12% and a negative return on equity of 133.73%. The company’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.28) earnings per share. On average, equities analysts predict that Box Inc. will post ($0.68) earnings per share for the current fiscal year.
Several research analysts have weighed in on the stock. Vetr raised shares of Box from a “buy” rating to a “strong-buy” rating in a report on Thursday. Credit Suisse Group AG reissued a “neutral” rating on shares of Box in a report on Monday. Drexel Hamilton reissued a “buy” rating and issued a $18.00 price target on shares of Box in a report on Friday, September 16th. Mitsubishi UFJ Financial Group assumed coverage on shares of Box in a report on Friday, September 16th. They issued a “neutral” rating and a $15.00 price target on the stock. Finally, Zacks Investment Research raised shares of Box from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Tuesday, September 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $17.39.
In other Box news, COO Daniel J. Levin sold 5,000 shares of Box stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $14.44, for a total value of $72,200.00. Following the sale, the chief operating officer now owns 3,079 shares of the company’s stock, valued at $44,460.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 22.30% of the stock is currently owned by company insiders.
Box Company Profile
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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