Box, Inc. (NYSE:BOX) Shares Acquired by Dark Forest Capital Management LP

Dark Forest Capital Management LP increased its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 138.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,052 shares of the software maker's stock after acquiring an additional 10,470 shares during the period. Dark Forest Capital Management LP's holdings in BOX were worth $570,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in BOX by 715.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock worth $69,000 after buying an additional 1,897 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in shares of BOX by 42.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker's stock worth $69,000 after purchasing an additional 653 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of BOX by 19.3% in the 4th quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock valued at $81,000 after acquiring an additional 417 shares during the period. SBI Securities Co. Ltd. purchased a new stake in BOX in the fourth quarter valued at approximately $132,000. Finally, Plato Investment Management Ltd acquired a new position in BOX during the 4th quarter worth about $134,000. 86.74% of the stock is owned by institutional investors and hedge funds.

BOX Price Performance

NYSE BOX traded down $0.10 during mid-day trading on Thursday, hitting $31.12. The company's stock had a trading volume of 270,310 shares, compared to its average volume of 1,810,497. Box, Inc. has a 52-week low of $24.63 and a 52-week high of $35.74. The stock's fifty day simple moving average is $30.94 and its two-hundred day simple moving average is $32.24. The firm has a market capitalization of $4.47 billion, a P/E ratio of 38.92, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96.

BOX announced that its board has initiated a stock buyback plan on Tuesday, March 4th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the software maker to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reiterated an "underperform" rating and set a $21.00 target price on shares of BOX in a report on Wednesday, March 19th. JPMorgan Chase & Co. lowered their target price on shares of BOX from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. StockNews.com cut BOX from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 8th. DA Davidson lowered their price objective on shares of BOX from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Morgan Stanley dropped their target price on BOX from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $36.44.

Insider Activity at BOX

In other news, VP Eli Berkovitch sold 2,750 shares of the stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $29.58, for a total transaction of $81,345.00. Following the completion of the transaction, the vice president now directly owns 121,922 shares in the company, valued at approximately $3,606,452.76. This represents a 2.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Olivia Nottebohm sold 6,079 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $34.42, for a total transaction of $209,239.18. Following the transaction, the chief operating officer now owns 440,988 shares in the company, valued at $15,178,806.96. This trade represents a 1.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,022 shares of company stock worth $2,198,045. 4.10% of the stock is currently owned by corporate insiders.

About BOX

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.