Advisor Group Holdings Inc. reduced its position in shares of Box Inc (NYSE:BOX) by 21.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 31,367 shares of the software maker’s stock after selling 8,394 shares during the period. Advisor Group Holdings Inc.’s holdings in BOX were worth $650,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Watson Rebecca bought a new stake in shares of BOX in the second quarter worth $42,000. Ameritas Investment Company LLC bought a new stake in shares of BOX in the 1st quarter valued at approximately $41,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of BOX in the 2nd quarter valued at approximately $75,000. Steward Partners Investment Advisory LLC grew its stake in shares of BOX by 1,388.6% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 5,508 shares of the software maker’s stock valued at $114,000 after buying an additional 5,138 shares in the last quarter. Finally, Truvestments Capital LLC grew its stake in shares of BOX by 86.1% in the 2nd quarter. Truvestments Capital LLC now owns 9,460 shares of the software maker’s stock valued at $196,000 after buying an additional 4,377 shares in the last quarter. 80.16% of the stock is currently owned by institutional investors.
Shares of BOX stock opened at $17.41 on Monday. The business’s 50 day simple moving average is $18.13 and its 200 day simple moving average is $17.35. Box Inc has a 52-week low of $8.64 and a 52-week high of $22.09. The firm has a market cap of $2.73 billion, a PE ratio of -24.87 and a beta of 1.16. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.88 and a current ratio of 0.88.
BOX (NYSE:BOX) last posted its quarterly earnings results on Wednesday, August 26th. The software maker reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.31. The firm had revenue of $192.30 million for the quarter, compared to analyst estimates of $189.62 million. BOX had a negative return on equity of 279.40% and a negative net margin of 14.19%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, equities research analysts predict that Box Inc will post -0.37 EPS for the current year.
Several brokerages recently commented on BOX. William Blair reissued a “buy” rating on shares of BOX in a research note on Thursday, June 4th. Morgan Stanley upped their target price on BOX from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Craig Hallum upped their target price on BOX from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. ValuEngine cut BOX from a “buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Finally, Oppenheimer started coverage on BOX in a research report on Wednesday, August 26th. They issued a “buy” rating and a $24.00 price objective for the company. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.78.
In other BOX news, CEO Aaron Levie sold 50,000 shares of BOX stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $17.72, for a total transaction of $886,000.00. Following the sale, the chief executive officer now directly owns 2,718,566 shares of the company’s stock, valued at approximately $48,172,989.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dana L. Evan sold 3,000 shares of BOX stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $21.18, for a total value of $63,540.00. Following the sale, the director now directly owns 113,567 shares in the company, valued at $2,405,349.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 290,000 shares of company stock worth $5,745,230. 6.20% of the stock is owned by company insiders.
Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere or any device. The company’s Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.