Commonwealth Equity Services LLC Sells 5,434 Shares of Box, Inc. (NYSE:BOX)

Commonwealth Equity Services LLC decreased its holdings in Box, Inc. (NYSE:BOX – Get Rating) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,239 shares of the software maker’s stock after selling 5,434 shares during the period. Commonwealth Equity Services LLC owned 0.06% of BOX worth $2,225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fairfield Bush & CO. bought a new position in BOX in the 1st quarter worth about $29,000. Harbor Investment Advisory LLC boosted its position in shares of BOX by 32.3% in the third quarter. Harbor Investment Advisory LLC now owns 1,687 shares of the software maker’s stock valued at $41,000 after acquiring an additional 412 shares during the period. SeaCrest Wealth Management LLC purchased a new position in BOX during the second quarter valued at approximately $67,000. Eagle Bay Advisors LLC increased its holdings in BOX by 118.4% during the 2nd quarter. Eagle Bay Advisors LLC now owns 2,739 shares of the software maker’s stock worth $69,000 after acquiring an additional 1,485 shares during the period. Finally, Ronald Blue Trust Inc. purchased a new stake in BOX in the 2nd quarter worth approximately $101,000. Institutional investors own 85.67% of the company’s stock.

Insider Activity

In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Tuesday, January 10th. The stock was sold at an average price of $28.11, for a total transaction of $365,430.00. Following the completion of the sale, the chief financial officer now directly owns 1,288,904 shares in the company, valued at approximately $36,231,091.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 10th. The stock was sold at an average price of $28.11, for a total value of $365,430.00. Following the completion of the sale, the chief financial officer now owns 1,288,904 shares in the company, valued at $36,231,091.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Eli Berkovitch sold 6,000 shares of the stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $29.94, for a total value of $179,640.00. Following the sale, the vice president now directly owns 136,328 shares of the company’s stock, valued at approximately $4,081,660.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,190 shares of company stock valued at $3,854,607. 5.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BOX shares. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Saturday. JPMorgan Chase & Co. raised BOX from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $31.00 to $34.00 in a report on Monday, December 12th. Royal Bank of Canada downgraded shares of BOX from a “sector perform” rating to an “underperform” rating and lowered their target price for the company from $28.00 to $24.00 in a research note on Tuesday, January 10th. KeyCorp boosted their price target on shares of BOX from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 18th. Finally, JMP Securities restated a “market perform” rating and set a $32.00 price objective on shares of BOX in a research report on Thursday, March 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, BOX has an average rating of “Moderate Buy” and an average price target of $34.50.

BOX Stock Down 1.0 %

Shares of NYSE:BOX opened at $25.78 on Monday. The stock has a market cap of $3.68 billion, a PE ratio of 515.60, a PEG ratio of 11.90 and a beta of 1.07. The company’s fifty day moving average is $31.53 and its 200 day moving average is $29.12. Box, Inc. has a 52 week low of $22.31 and a 52 week high of $34.98.

BOX Company Profile

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Box, Inc engages in the provision of enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, box governance, box zones, box relay, box shuttle, box keysafe and automations.