Box, Inc. (NYSE:BOX) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its position in Box, Inc. (NYSE:BOX) by 13.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,974 shares of the software maker’s stock after selling 1,495 shares during the quarter. Commonwealth Equity Services LLC’s holdings in BOX were worth $264,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BOX. TFO Wealth Partners LLC raised its stake in BOX by 62,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker’s stock valued at $48,000 after buying an additional 1,860 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after purchasing an additional 632 shares in the last quarter. Covestor Ltd boosted its holdings in BOX by 27.3% in the first quarter. Covestor Ltd now owns 4,312 shares of the software maker’s stock valued at $122,000 after purchasing an additional 924 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in BOX in the first quarter valued at approximately $174,000. Finally, Neo Ivy Capital Management acquired a new stake in BOX during the fourth quarter worth approximately $156,000. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Price Performance

NYSE:BOX opened at $32.65 on Wednesday. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 44.73 and a beta of 0.85. The firm’s fifty day moving average price is $29.68 and its 200 day moving average price is $27.88. Box, Inc. has a 1-year low of $23.29 and a 1-year high of $33.95.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The business had revenue of $270.04 million for the quarter, compared to the consensus estimate of $269.52 million. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 earnings per share. As a group, analysts expect that Box, Inc. will post 0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on BOX. Morgan Stanley increased their target price on shares of BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. Oppenheimer reiterated an “outperform” rating and set a $35.00 target price on shares of BOX in a research report on Wednesday, May 29th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. UBS Group lifted their price target on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, BOX currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.22.

Insider Transactions at BOX

In related news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $24.97, for a total transaction of $324,610.00. Following the transaction, the chief financial officer now owns 1,526,661 shares of the company’s stock, valued at $38,120,725.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other BOX news, Director Jack R. Lazar sold 7,000 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $32.68, for a total transaction of $228,760.00. Following the sale, the director now directly owns 29,197 shares in the company, valued at $954,157.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $24.97, for a total value of $324,610.00. Following the completion of the transaction, the chief financial officer now owns 1,526,661 shares of the company’s stock, valued at approximately $38,120,725.17. The disclosure for this sale can be found here. In the last three months, insiders sold 73,260 shares of company stock valued at $2,113,560. Corporate insiders own 4.10% of the company’s stock.

About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.