Cwm LLC Purchases 9,350 Shares of Box Inc (BOX)
Cwm LLC increased its position in shares of Box Inc (NYSE:BOX) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,219 shares of the software maker’s stock after acquiring an additional 9,350 shares during the period. Cwm LLC’s holdings in BOX were worth $1,725,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in BOX. Spirit of America Management Corp NY purchased a new stake in shares of BOX during the third quarter worth $100,000. Edge Wealth Management LLC increased its position in BOX by 641.2% during the third quarter. Edge Wealth Management LLC now owns 5,433 shares of the software maker’s stock worth $130,000 after buying an additional 4,700 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in BOX during the third quarter worth $132,000. B. Riley Wealth Management Inc. acquired a new position in BOX during the third quarter worth $215,000. Finally, BB&T Corp acquired a new position in BOX during the fourth quarter worth $220,000. Institutional investors and hedge funds own 64.86% of the company’s stock.
Several research firms have commented on BOX. Craig Hallum began coverage on shares of BOX in a research report on Thursday, January 24th. They set a “buy” rating and a $30.00 target price on the stock. Prescient Securities raised shares of BOX from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Tuesday, January 15th. Rosenblatt Securities raised shares of BOX from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 15th. William Blair began coverage on shares of BOX in a research report on Tuesday, December 11th. They set an “outperform” rating on the stock. Finally, Zacks Investment Research downgraded shares of BOX from a “hold” rating to a “sell” rating in a research report on Monday, December 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $26.36.
Shares of NYSE:BOX opened at $20.31 on Tuesday. Box Inc has a 52-week low of $15.64 and a 52-week high of $29.79. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.88.
BOX (NYSE:BOX) last issued its quarterly earnings results on Wednesday, November 28th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. The company had revenue of $155.94 million for the quarter, compared to the consensus estimate of $154.58 million. BOX had a negative return on equity of 482.42% and a negative net margin of 25.39%. The firm’s revenue was up 20.6% compared to the same quarter last year. During the same period last year, the business posted ($0.13) earnings per share. As a group, sell-side analysts anticipate that Box Inc will post -0.99 earnings per share for the current fiscal year.
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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