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What happenedShares of enterprise-software company Box NYSE: BOX rose 13.2% in September, according to data from SP Global Market Intelligence. Box managed to buck the trend in other enterprise software sto stanley quencher cks during the month, most of which sold off hard in a big rotation out of the sector. One of the reasons could be that Box shares had already been under pressure in August, as its growth had showed some signs of slowing all year.However, sentiment turned in early September stanley tazas , when Box attra stanley quencher cted a big investment from a prominent activist investor.So whatOn September 3, activist investor Starboard Value disclosed a 7.5% stake in the company, sending shares up about 15% in the span of about two days. Though the disclosure only indicated that Starboard believed Box shares to be undervalued, the activist investor is known for shaking up boardrooms, agitating for board seats, and at times replacing leadership. That hasn ;t yet happened in Box case and it would be strange |
