Farther Finance Advisors LLC Has $71,000 Stake in Box, Inc. (NYSE:BOX)

Farther Finance Advisors LLC raised its stake in Box, Inc. (NYSE:BOX) by 245.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,162 shares of the software maker’s stock after acquiring an additional 1,536 shares during the period. Farther Finance Advisors LLC’s holdings in BOX were worth $71,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in shares of BOX by 143.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after purchasing an additional 787 shares during the last quarter. Quarry LP lifted its holdings in BOX by 324.6% during the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after purchasing an additional 1,084 shares during the last quarter. Toronto Dominion Bank acquired a new position in BOX in the second quarter valued at about $53,000. Nisa Investment Advisors LLC grew its stake in BOX by 31.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after buying an additional 632 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of BOX during the second quarter worth approximately $95,000. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $32.52, for a total value of $422,760.00. Following the transaction, the chief financial officer now directly owns 1,474,509 shares in the company, valued at $47,951,032.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total transaction of $329,200.00. Following the transaction, the chief executive officer now directly owns 3,009,155 shares of the company’s stock, valued at $99,061,382.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $32.52, for a total transaction of $422,760.00. Following the completion of the sale, the chief financial officer now owns 1,474,509 shares of the company’s stock, valued at approximately $47,951,032.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,000 shares of company stock valued at $1,408,290 in the last 90 days. 4.10% of the stock is owned by company insiders.

BOX Trading Down 0.7 %

BOX stock opened at $34.23 on Wednesday. The company has a market cap of $4.90 billion, a PE ratio of 43.33 and a beta of 0.85. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $35.01. The company’s 50-day moving average is $32.62 and its two-hundred day moving average is $29.00.

BOX (NYSE:BOX) last announced its quarterly earnings data 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. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The business had revenue of $270.04 million for the quarter, compared to analyst estimates of $269.52 million. During the same period in the prior year, the business posted $0.01 earnings per share. BOX’s revenue was up 3.3% compared to the same quarter last year. Research analysts forecast that Box, Inc. will post 0.23 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BOX. UBS Group boosted their target price on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Citigroup boosted their price objective on BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Monness Crespi & Hardt upgraded BOX to a “hold” rating in a research note on Friday, August 16th. Morgan Stanley upped their price target on shares of BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. Finally, StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $31.22.

BOX Company Profile

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.