12,542 Shares in Box, Inc. (NYSE:BOX) Purchased by Krilogy Financial LLC

Krilogy Financial LLC bought a new position in shares of Box, Inc. (NYSE:BOX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,542 shares of the software maker's stock, valued at approximately $387,000.

Other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of BOX by 332.5% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock worth $27,000 after acquiring an additional 665 shares during the period. Versant Capital Management Inc grew its position in BOX by 519.4% in the 1st quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker's stock valued at $60,000 after buying an additional 1,636 shares in the last quarter. Smartleaf Asset Management LLC grew its position in BOX by 715.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock valued at $69,000 after buying an additional 1,897 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in BOX by 42.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker's stock valued at $69,000 after buying an additional 653 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in 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 buying an additional 417 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company's stock.

BOX Trading Down 0.8%

NYSE BOX traded down $0.30 during trading on Friday, reaching $35.55. The company's stock had a trading volume of 1,885,540 shares, compared to its average volume of 1,946,935. The stock has a market capitalization of $5.11 billion, a PE ratio of 44.43, a PEG ratio of 4.42 and a beta of 0.94. The business has a 50-day moving average price of $32.50 and a 200-day moving average price of $32.38. Box, Inc. has a 1-year low of $24.63 and a 1-year high of $38.80.

BOX (NYSE:BOX - Get Free Report) last posted its earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. The firm had revenue of $276.27 million during the quarter, compared to analysts' expectations of $274.77 million. BOX had a net margin of 13.96% and a negative return on equity of 17.20%. The company's revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. As a group, analysts expect that Box, Inc. will post 0.27 earnings per share for the current year.

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

Insider Transactions at BOX

In related news, COO Olivia Nottebohm sold 1,329 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $37.43, for a total transaction of $49,744.47. Following the transaction, the chief operating officer now owns 554,682 shares of the company's stock, valued at approximately $20,761,747.26. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Daniel J. Levin sold 37,499 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $36.74, for a total transaction of $1,377,713.26. Following the completion of the sale, the director now directly owns 51,530 shares in the company, valued at $1,893,212.20. This trade represents a 42.12% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,129 shares of company stock worth $3,459,346. 3.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BOX shares. Royal Bank of Canada lifted their price objective on shares of BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a research note on Wednesday, May 28th. DA Davidson set a $45.00 price objective on shares of BOX and gave the company a "buy" rating in a research report on Wednesday, May 28th. Raymond James reaffirmed an "outperform" rating and set a $42.00 price objective (up from $38.00) on shares of BOX in a research report on Wednesday, May 28th. UBS Group raised shares of BOX from a "buy" rating to a "strong-buy" rating and boosted their price objective for the company from $37.00 to $40.00 in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $38.50.

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.