Hennion & Walsh Asset Management Inc. makes a new investment in Boxed, Inc. (NYSE:BOXD)


Hennion & Walsh Asset Management Inc. bought a new position in shares of Boxed, Inc. (NYSE:BOXD – Get Rating ) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 12,740 shares of the company’s stock, valued at approximately $129,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Light Street Capital Management LLC purchased a new stake in shares of Boxed in the fourth quarter worth about $2,513,000. Deer Management Co. LLC bought a new stake in Boxed during the fourth quarter valued at approximately $2,488,000. Greycroft LP purchased a new stake in Boxed during the fourth quarter valued at approximately $27,169,000. Private Advisor Group LLC purchased a new stake in Boxed in the fourth quarter valued at approximately $291,000. Finally, Qube Research & Technologies Ltd purchased a new stake in Boxed in the fourth quarter valued at approximately $327,000. 54.47% of the stock currently are owned by hedge funds and other institutional investors.

Insiders place their bets

In other Boxed news, Director Andrew C. Pearson acquired 75,000 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was bought at an average price of $1.78 per share, for a total transaction of $133,500.00. Following the completion of the purchase, the director now directly owns 520,589 shares in the company, valued at $926,648.42. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available on the SEC’s website. In other news, Director Andrew C. Pearson bought 30,000 shares of Boxed stock in a transaction dated Friday, June 10th. The shares were acquired at an average price of $2.31 per share, with a total value of $69,300.00. Following the completion of the transaction, the director now owns 445,589 shares in the company, valued at approximately $1,029,310.59. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC’s website. Also, Director Andrew S. Pearson bought 75,000 shares of Boxed stock in a transaction dated Monday, June 13th. The stock was bought at an average price of $1.78 per share, for a total transaction of $133,500.00. Following the completion of the transaction, the director now owns 520,589 shares of the company’s stock, valued at approximately $926,648.42. Disclosure of this purchase can be found here. Insiders acquired a total of 135,000 shares of company stock valued at $252,500 over the last ninety days.

Box trade down 1.6%

BOXD opened at $1.80 on Friday. Boxed, Inc. has a 52-week low of $1.27 and a 52-week high of $17.05. The company has a 50-day moving average of $4.73 and a 200-day moving average of $8.48.

Boxed (NYSE:BOXD – Get Rating ) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.54) earnings per share (EPS) for the quarter. The business had revenue of $46.63 million for the quarter.

Analysts set new price targets

A number of research firms recently issued reports on BOXD. Citigroup lowered their target price on shares of Boxed from $13.00 to $12.00 and set a “buy” rating for the company in a report on Monday, May 23rd. Wells Fargo & Company started coverage on shares of Boxed in a report on Wednesday. They issued an “overweight” rating on the company.

Company profile in a box

(Get Rating)

Boxed, Inc operates as an e-commerce retailer and e-commerce enabler in the continental United States. The company, through its e-commerce retail service, provides branded and private label bulk pantry supplies such as paper products, snacks, beverages, cleaning products, etc. to B2C and B2B customers, suppliers and corporate retailers, as well as household customers.

More information

Want to see what other hedge funds hold BOXD? Visit HoldingsChannel.com to get the latest 13F filings and insider deals for Boxed, Inc. (NYSE:BOXD – Get Rating).

Institutional Ownership by Quarter for Boxed (NYSE:BOXD)



Get news and reviews for Boxed Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Boxed and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Comment

Your email address will not be published.