Cubist Systematic Strategies LLC Increases Position in Box Inc (BOX)

Cubist Systematic Strategies LLC boosted its holdings in shares of Box Inc (NYSE:BOX) by 2,892.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,586 shares of the software maker’s stock after acquiring an additional 24,731 shares during the period. Cubist Systematic Strategies LLC’s holdings in BOX were worth $639,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in BOX during the 1st quarter valued at about $111,000. Cypress Capital Management LLC WY purchased a new stake in BOX during the 2nd quarter valued at about $113,000. Clear Perspective Advisors LLC purchased a new stake in BOX during the 2nd quarter valued at about $170,000. NumerixS Investment Technologies Inc purchased a new stake in BOX during the 2nd quarter valued at about $192,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in BOX during the 2nd quarter valued at about $200,000. 67.08% of the stock is owned by institutional investors.

In other news, Director Rory O’driscoll sold 500,000 shares of the stock in a transaction that occurred on Tuesday, July 10th. The shares were sold at an average price of $26.35, for a total value of $13,175,000.00. Following the completion of the sale, the director now owns 9,081 shares of the company’s stock, valued at approximately $239,284.35. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Dylan C. Smith sold 15,000 shares of the stock in a transaction that occurred on Tuesday, July 10th. The shares were sold at an average price of $26.42, for a total transaction of $396,300.00. Following the completion of the sale, the chief financial officer now directly owns 1,195,545 shares of the company’s stock, valued at approximately $31,586,298.90. The disclosure for this sale can be found here. In the last three months, insiders sold 790,000 shares of company stock valued at $20,436,550. Corporate insiders own 8.51% of the company’s stock.

BOX stock opened at $23.81 on Tuesday. Box Inc has a 1-year low of $17.53 and a 1-year high of $29.79. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $3.35 billion, a PE ratio of -20.53 and a beta of 1.09.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, August 28th. The software maker reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. BOX had a negative net margin of 27.10% and a negative return on equity of 488.70%. The business had revenue of $148.20 million during the quarter, compared to analysts’ expectations of $146.58 million. During the same quarter in the prior year, the company posted ($0.11) EPS. The business’s revenue for the quarter was up 20.6% on a year-over-year basis. equities analysts forecast that Box Inc will post -0.95 earnings per share for the current fiscal year.

Several analysts recently issued reports on BOX shares. First Analysis started coverage on shares of BOX in a research note on Friday, July 20th. They set an “overweight” rating and a $32.00 price objective for the company. DA Davidson dropped their price objective on shares of BOX from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, August 29th. JPMorgan Chase & Co. upped their price objective on shares of BOX from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, May 31st. Morgan Stanley upped their price objective on shares of BOX from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, May 31st. Finally, Rosenblatt Securities cut shares of BOX from a “buy” rating to a “neutral” rating and set a $25.00 price objective for the company. in a research note on Thursday, May 31st. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $27.21.

BOX Company Profile

Box, Inc provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise content from anywhere or any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.

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Institutional Ownership by Quarter for BOX (NYSE:BOX)

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