Box, Inc. $BOX Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC grew its holdings in shares of Box, Inc. (NYSE:BOX) by 7.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 412,543 shares of the software maker’s stock after buying an additional 28,820 shares during the quarter. HighTower Advisors LLC’s holdings in BOX were worth $13,313,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Public Sector Pension Investment Board raised its holdings in BOX by 2.3% in the third quarter. Public Sector Pension Investment Board now owns 564,875 shares of the software maker’s stock valued at $18,229,000 after acquiring an additional 12,826 shares in the last quarter. LSV Asset Management bought a new stake in shares of BOX in the 3rd quarter worth about $290,000. MQS Management LLC acquired a new stake in shares of BOX in the 3rd quarter valued at about $299,000. Linden Thomas Advisory Services LLC lifted its position in shares of BOX by 8.7% during the third quarter. Linden Thomas Advisory Services LLC now owns 26,898 shares of the software maker’s stock worth $868,000 after purchasing an additional 2,154 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in BOX by 23.2% in the third quarter. Smartleaf Asset Management LLC now owns 3,244 shares of the software maker’s stock worth $105,000 after purchasing an additional 611 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

BOX Stock Up 0.6%

BOX opened at $22.86 on Friday. The company’s 50-day moving average price is $27.04 and its 200 day moving average price is $30.18. Box, Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $38.80. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 1.30 and a beta of 0.79.

Insider Buying and Selling at BOX

In related news, VP Eli Berkovitch sold 5,163 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $29.96, for a total transaction of $154,683.48. Following the completion of the transaction, the vice president directly owned 123,684 shares in the company, valued at $3,705,572.64. This represents a 4.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Olivia Nottebohm sold 4,612 shares of the stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $26.04, for a total value of $120,096.48. Following the completion of the sale, the chief operating officer directly owned 469,831 shares in the company, valued at $12,234,399.24. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 82,887 shares of company stock worth $2,399,707. Corporate insiders own 3.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BOX. Weiss Ratings reissued a “hold (c+)” rating on shares of BOX in a report on Monday, December 29th. DA Davidson reiterated a “buy” rating and issued a $45.00 price target on shares of BOX in a report on Wednesday, December 3rd. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $38.00.

BOX Company Profile

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.