Box Inc (NYSE:BOX) Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC trimmed its holdings in Box Inc (NYSE:BOX) by 38.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,728 shares of the software maker’s stock after selling 9,299 shares during the period. Perigon Wealth Management LLC’s holdings in BOX were worth $306,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BOX. Campbell & CO Investment Adviser LLC acquired a new stake in shares of BOX during the 2nd quarter valued at approximately $419,000. Raymond James & Associates raised its position in shares of BOX by 108.5% during the 2nd quarter. Raymond James & Associates now owns 149,923 shares of the software maker’s stock valued at $3,112,000 after acquiring an additional 78,021 shares in the last quarter. Wakefield Asset Management LLLP acquired a new stake in shares of BOX during the 2nd quarter valued at approximately $597,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of BOX by 35.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,776 shares of the software maker’s stock valued at $369,000 after acquiring an additional 4,672 shares in the last quarter. Finally, Mizuho Securities USA LLC acquired a new stake in shares of BOX during the 2nd quarter valued at approximately $538,000. 78.16% of the stock is currently owned by institutional investors.

In related news, CFO Dylan C. Smith sold 15,000 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $20.89, for a total transaction of $313,350.00. Following the completion of the transaction, the chief financial officer now owns 1,218,817 shares of the company’s stock, valued at $25,461,087.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Aaron Levie sold 86,000 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $20.55, for a total value of $1,767,300.00. Following the transaction, the chief executive officer now directly owns 2,354,566 shares of the company’s stock, valued at approximately $48,386,331.30. The disclosure for this sale can be found here. In the last three months, insiders sold 251,815 shares of company stock valued at $5,121,131. Company insiders own 6.20% of the company’s stock.

BOX has been the topic of several research reports. Zacks Investment Research lowered BOX from a “buy” rating to a “hold” rating and set a $20.00 price target on the stock. in a research report on Thursday, July 23rd. Raymond James upped their price target on BOX from $18.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Craig Hallum raised BOX from a “hold” rating to a “buy” rating and increased their target price for the stock from $18.00 to $24.00 in a research report on Thursday, May 28th. Wells Fargo & Co increased their target price on BOX from $20.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Morgan Stanley increased their target price on BOX from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.36.

NYSE:BOX opened at $17.95 on Friday. Box Inc has a 1 year low of $8.64 and a 1 year high of $22.09. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of -19.94 and a beta of 1.30. The business has a fifty day moving average of $19.56 and a 200-day moving average of $16.72. The company has a debt-to-equity ratio of 9.06, a quick ratio of 0.84 and a current ratio of 0.84.

BOX (NYSE:BOX) last released its quarterly earnings results on Wednesday, May 27th. The software maker reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.05. BOX had a negative return on equity of 485.15% and a negative net margin of 18.56%. The company had revenue of $183.56 million during the quarter, compared to analysts’ expectations of $182.08 million. During the same quarter in the prior year, the business posted ($0.03) earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, equities research analysts predict that Box Inc will post -0.52 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 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.

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Institutional Ownership by Quarter for BOX (NYSE:BOX)

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