Crosslink Capital Inc. Decreases Stake in Box Inc (NYSE:BOX)

Crosslink Capital Inc. reduced its holdings in Box Inc (NYSE:BOX) by 68.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 133,843 shares of the software maker’s stock after selling 290,970 shares during the quarter. BOX comprises 0.5% of Crosslink Capital Inc.’s investment portfolio, making the stock its 22nd largest position. Crosslink Capital Inc. owned approximately 0.09% of BOX worth $2,357,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BOX. Valeo Financial Advisors LLC boosted its position in shares of BOX by 756.3% during the second quarter. Valeo Financial Advisors LLC now owns 2,055 shares of the software maker’s stock valued at $36,000 after purchasing an additional 1,815 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of BOX during the 2nd quarter worth approximately $52,000. Kavar Capital Partners LLC bought a new position in shares of BOX during the 2nd quarter worth approximately $61,000. Captrust Financial Advisors bought a new position in shares of BOX during the 2nd quarter worth approximately $66,000. Finally, Parallel Advisors LLC boosted its holdings in shares of BOX by 74.6% during the 2nd quarter. Parallel Advisors LLC now owns 5,150 shares of the software maker’s stock worth $91,000 after buying an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 72.31% of the company’s stock.

A number of equities analysts have issued reports on the company. DA Davidson cut their price target on BOX from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Canaccord Genuity lowered BOX from a “buy” rating to a “hold” rating and lowered their price target for the company from $24.00 to $16.00 in a research report on Tuesday, June 4th. Craig Hallum lowered BOX from a “buy” rating to a “hold” rating and lowered their price target for the company from $22.00 to $15.00 in a research report on Thursday, August 29th. Oppenheimer lowered their price target on BOX from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Finally, ValuEngine raised BOX from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $19.40.

Shares of BOX stock traded down $0.01 on Friday, hitting $17.63. 13,795 shares of the stock were exchanged, compared to its average volume of 3,573,248. The company has a current ratio of 0.80, a quick ratio of 0.83 and a debt-to-equity ratio of 14.57. The firm has a market capitalization of $2.58 billion, a PE ratio of -18.38 and a beta of 1.39. Box Inc has a one year low of $12.46 and a one year high of $25.36. The firm’s 50 day moving average is $15.08 and its two-hundred day moving average is $18.09.

BOX (NYSE:BOX) last posted its quarterly earnings results on Wednesday, August 28th. The software maker reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.01. The company had revenue of $172.50 million during the quarter, compared to the consensus estimate of $169.49 million. BOX had a negative return on equity of 491.54% and a negative net margin of 20.29%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.05) EPS. On average, sell-side analysts expect that Box Inc will post -1 earnings per share for the current year.

In other news, Director Josh Stein sold 20,000 shares of BOX stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $18.19, for a total transaction of $363,800.00. Following the completion of the sale, the director now owns 3,699 shares in the company, valued at approximately $67,284.81. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.70% of the company’s stock.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their 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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