Sonoma Private Wealth LLC Cuts Holdings in Box, Inc. (NYSE:BOX)

Sonoma Private Wealth LLC lowered its position in Box, Inc. (NYSE:BOX) by 3.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,799 shares of the software maker’s stock after selling 338 shares during the quarter. Sonoma Private Wealth LLC’s holdings in BOX were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BOX. Quarry LP lifted its holdings in shares of 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 acquiring an additional 1,084 shares in the last quarter. GAMMA Investing LLC grew its position 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 acquiring an additional 787 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of BOX in the 2nd quarter valued at approximately $53,000. Nisa Investment Advisors LLC raised its position in shares of BOX by 31.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after acquiring an additional 632 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in BOX in the second quarter worth $95,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on BOX. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Morgan Stanley boosted their price target on shares of BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, August 28th. Citigroup lifted their price target on BOX from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Finally, Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.22.

Insider Activity

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $27.05, for a total transaction of $351,650.00. Following the transaction, the chief financial officer now owns 1,513,661 shares of the company’s stock, valued at $40,944,530.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $27.05, for a total transaction of $351,650.00. Following the completion of the sale, the chief financial officer now directly owns 1,513,661 shares in the company, valued at approximately $40,944,530.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 3,009,155 shares in the company, valued at approximately $99,061,382.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,000 shares of company stock worth $1,759,940. 4.10% of the stock is owned by corporate insiders.

BOX Stock Down 0.3 %

Shares of NYSE BOX traded down $0.10 during mid-day trading on Friday, hitting $32.74. 93,178 shares of the company traded hands, compared to its average volume of 2,027,322. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $33.95. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 44.99 and a beta of 0.85. The business has a 50 day moving average of $31.43 and a two-hundred day moving average of $28.30.

BOX (NYSE:BOX) last released its earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, topping 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 the consensus estimate of $269.52 million. During the same period last year, the firm posted $0.01 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, research analysts anticipate that Box, Inc. will post 0.23 EPS for the current year.

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.