SG Americas Securities LLC Sells 180,678 Shares of Box, Inc. (NYSE:BOX)

SG Americas Securities LLC lessened its stake in Box, Inc. (NYSE:BOXGet Rating) by 92.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,053 shares of the software maker’s stock after selling 180,678 shares during the quarter. SG Americas Securities LLC’s holdings in BOX were worth $437,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Spire Wealth Management raised its stake in BOX by 1,000.0% during the first quarter. Spire Wealth Management now owns 1,100 shares of the software maker’s stock valued at $32,000 after purchasing an additional 1,000 shares in the last quarter. Newbridge Financial Services Group Inc. increased its position in BOX by 34.6% during the first quarter. Newbridge Financial Services Group Inc. now owns 2,064 shares of the software maker’s stock valued at $60,000 after acquiring an additional 530 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in BOX during the first quarter valued at $68,000. Lazard Asset Management LLC increased its position in BOX by 20.9% during the fourth quarter. Lazard Asset Management LLC now owns 4,038 shares of the software maker’s stock valued at $105,000 after acquiring an additional 698 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in BOX by 32.2% during the first quarter. Nisa Investment Advisors LLC now owns 4,350 shares of the software maker’s stock valued at $126,000 after acquiring an additional 1,060 shares during the last quarter. Hedge funds and other institutional investors own 87.42% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $26.45, for a total transaction of $343,850.00. Following the sale, the chief financial officer now owns 1,395,137 shares of the company’s stock, valued at approximately $36,901,373.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Dylan C. Smith sold 15,000 shares of the business’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $25.65, for a total transaction of $384,750.00. Following the transaction, the chief financial officer now owns 1,447,315 shares of the company’s stock, valued at approximately $37,123,629.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $26.45, for a total transaction of $343,850.00. Following the transaction, the chief financial officer now directly owns 1,395,137 shares in the company, valued at approximately $36,901,373.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,000 shares of company stock valued at $1,164,350. 5.20% of the stock is owned by insiders.

BOX Trading Down 0.1 %

BOX opened at $29.96 on Friday. Box, Inc. has a 12-month low of $22.18 and a 12-month high of $33.04. The firm has a market capitalization of $4.32 billion, a PE ratio of -93.63 and a beta of 1.14. The firm has a 50 day moving average of $26.55 and a two-hundred day moving average of $27.29.

BOX (NYSE:BOXGet Rating) last posted its quarterly earnings results on Wednesday, May 25th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). The business had revenue of $238.40 million for the quarter, compared to the consensus estimate of $234.48 million. During the same period in the previous year, the company earned ($0.07) earnings per share. The company’s revenue was up 17.8% compared to the same quarter last year. As a group, analysts predict that Box, Inc. will post -0.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BOX shares. Craig Hallum cut their price objective on shares of BOX to $41.00 in a research report on Thursday, May 26th. StockNews.com cut shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 18th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.56.

BOX Profile

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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 collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations.

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Institutional Ownership by Quarter for BOX (NYSE:BOX)

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