Insider Buying: Boxed, Inc. (NYSE:BOXD) Director Acquires 20,000 Shares of Stock

Boxed, Inc. (NYSE:BOXDGet Rating) Director David Liu acquired 20,000 shares of the company’s stock in a transaction dated Thursday, June 16th. The stock was acquired at an average price of $1.66 per share, with a total value of $33,200.00. Following the purchase, the director now owns 20,000 shares in the company, valued at approximately $33,200. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of NYSE:BOXD traded down $0.04 during mid-day trading on Friday, reaching $1.30. The stock had a trading volume of 2,859,418 shares, compared to its average volume of 798,277. The stock has a 50 day moving average of $8.56. Boxed, Inc. has a twelve month low of $1.27 and a twelve month high of $17.05.

Boxed (NYSE:BOXDGet Rating) last issued its quarterly earnings results on Tuesday, March 15th. The company reported ($1.64) earnings per share for the quarter. The firm had revenue of $45.05 million for the quarter.

Separately, Citigroup lowered their target price on shares of Boxed from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, May 23rd.

Several large investors have recently added to or reduced their stakes in BOXD. Royal Bank of Canada boosted its position in Boxed by 3,629.0% during the first quarter. Royal Bank of Canada now owns 3,729 shares of the company’s stock worth $38,000 after purchasing an additional 3,629 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of Boxed during the fourth quarter worth $77,000. Ovata Capital Management Ltd acquired a new stake in shares of Boxed during the first quarter worth $67,000. JPMorgan Chase & Co. acquired a new position in Boxed in the fourth quarter valued at about $100,000. Finally, Bank of America Corp DE acquired a new position in Boxed in the first quarter valued at about $81,000. 54.47% of the stock is owned by institutional investors and hedge funds.

Boxed Company Profile (Get Rating)

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

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