Numerai GP LLC Grows Stock Holdings in Box, Inc. (NYSE:BOX)

Numerai GP LLC increased its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 171.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,036 shares of the software maker's stock after purchasing an additional 34,730 shares during the period. Numerai GP LLC's holdings in BOX were worth $1,739,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Earnest Partners LLC raised its holdings in BOX by 2.1% in the 4th quarter. Earnest Partners LLC now owns 7,896,931 shares of the software maker's stock valued at $249,543,000 after acquiring an additional 162,437 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in BOX by 103.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker's stock valued at $107,009,000 after acquiring an additional 1,725,197 shares during the last quarter. Sei Investments Co. raised its holdings in BOX by 8.4% in the 4th quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker's stock valued at $103,857,000 after acquiring an additional 255,623 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in BOX by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,610,450 shares of the software maker's stock valued at $82,492,000 after acquiring an additional 11,376 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in BOX by 11.8% in the 4th quarter. Renaissance Technologies LLC now owns 2,205,926 shares of the software maker's stock valued at $69,707,000 after acquiring an additional 233,100 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company's stock.

BOX Stock Up 0.1%

BOX stock traded up $0.02 during midday trading on Friday, hitting $32.27. The company's stock had a trading volume of 1,429,763 shares, compared to its average volume of 1,820,176. Box, Inc. has a 52-week low of $24.63 and a 52-week high of $35.74. The firm has a market capitalization of $4.64 billion, a P/E ratio of 40.34, a PEG ratio of 4.42 and a beta of 0.94. The firm has a 50-day simple moving average of $30.68 and a 200-day simple moving average of $32.18.

BOX declared that its Board of Directors has approved a stock buyback plan on Tuesday, March 4th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the software maker to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $31.95, for a total value of $415,350.00. Following the completion of the transaction, the chief financial officer now owns 1,440,684 shares of the company's stock, valued at $46,029,853.80. This trade represents a 0.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Olivia Nottebohm sold 1,332 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $29.01, for a total transaction of $38,641.32. Following the completion of the transaction, the chief operating officer now directly owns 492,545 shares of the company's stock, valued at $14,288,730.45. This represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,377 shares of company stock valued at $2,060,714 in the last 90 days. Company insiders own 4.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BOX. Royal Bank of Canada reiterated an "underperform" rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, March 19th. StockNews.com raised shares of BOX from a "buy" rating to a "strong-buy" rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of BOX from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Raymond James reaffirmed an "outperform" rating and set a $38.00 price objective (down previously from $40.00) on shares of BOX in a research report on Wednesday, March 5th. Finally, DA Davidson lowered their price objective on shares of BOX from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, BOX currently has an average rating of "Moderate Buy" and a consensus price target of $36.44.

BOX Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.