Peregrine Capital Management LLC Has $14.77 Million Stake in Box, Inc. $BOX

Peregrine Capital Management LLC reduced its position in Box, Inc. (NYSE:BOX) by 5.8% during the third quarter, Holdings Channel.com reports. The firm owned 457,804 shares of the software maker’s stock after selling 27,972 shares during the quarter. Peregrine Capital Management LLC’s holdings in BOX were worth $14,773,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of BOX in the 2nd quarter worth about $256,000. Mackenzie Financial Corp lifted its stake in shares of BOX by 15.2% during the 2nd quarter. Mackenzie Financial Corp now owns 560,329 shares of the software maker’s stock valued at $19,146,000 after buying an additional 73,896 shares in the last quarter. Creative Planning boosted its holdings in BOX by 84.3% in the 2nd quarter. Creative Planning now owns 39,251 shares of the software maker’s stock worth $1,341,000 after buying an additional 17,950 shares during the period. 111 Capital bought a new stake in BOX during the 2nd quarter valued at $659,000. Finally, Neuberger Berman Group LLC grew its position in shares of BOX by 38.1% in the second quarter. Neuberger Berman Group LLC now owns 955,286 shares of the software maker’s stock valued at $32,637,000 after purchasing an additional 263,619 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BOX shares. DA Davidson reiterated a “buy” rating and issued a $45.00 price objective on shares of BOX in a research report on Wednesday, December 3rd. Zacks Research lowered BOX from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of BOX in a research report on Monday, December 29th. Finally, UBS Group lowered BOX from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $42.00 to $36.00 in a report on Thursday, September 18th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.00.

BOX Trading Down 1.6%

Shares of BOX stock opened at $29.52 on Friday. The firm has a market capitalization of $4.23 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 2.38 and a beta of 0.80. Box, Inc. has a 12 month low of $28.00 and a 12 month high of $38.80. The business’s 50-day moving average price is $30.45 and its 200-day moving average price is $31.85.

Insider Buying and Selling at BOX

In other news, CEO Aaron Levie sold 15,000 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $30.53, for a total value of $457,950.00. Following the completion of the sale, the chief executive officer owned 2,922,030 shares of the company’s stock, valued at approximately $89,209,575.90. This represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dylan C. Smith sold 17,000 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $31.36, for a total transaction of $533,120.00. Following the transaction, the chief financial officer directly owned 1,437,013 shares in the company, valued at approximately $45,064,727.68. This represents a 1.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 70,499 shares of company stock valued at $2,186,488. 3.90% of the stock is currently owned by corporate insiders.

BOX 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.