U S Venture Partners Ix L P is Buying Box Inc. (NYSE:BOX) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Box Inc. (NYSE:BOX) reported that U S Venture Partners Ix L P has picked up 11,713,775 of common stock as of 2017-04-04.

The acquisition brings the aggregate amount owned by U S Venture Partners Ix L P to a total of 11,713,775 representing a 15.7% stake in the company.

For those not familiar with the company, Box, Inc. provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations. Its platform enables people to view, share and collaborate on content, across various file formats and media types. The software integrates with enterprise business applications, and is compatible with various application environments, operating systems and devices, ensuring that workers have access to their business content. It offers individuals a free basic version of the Box platform that allows them to experience its solution.

A glance at Box Inc. (NYSE:BOX)’s key stats reveals a current market capitalization of 2.23 Billion based on 69.81 Million shares outstanding and a price at last close of $16.81 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2015-10-09, Stein picked up 5,000 at a purchase price of $12.14. This brings their total holding to 45,000 as of the date of the filing.

On the sell side, the most recent transaction saw O’driscoll unload 319,228 shares at a sale price of $16.58. This brings their total holding to 0.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Box Inc. (NYSE:BOX) as things move forward to see if its progress aligns with these transactions.

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