Raymond James Financial Services Advisors Inc. Sells 26,274 Shares of Box, Inc. (NYSE:BOX)

Raymond James Financial Services Advisors Inc. reduced its stake in Box, Inc. (NYSE:BOX) by 38.8% during the 4th quarter, HoldingsChannel reports. The fund owned 41,520 shares of the software maker’s stock after selling 26,274 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in BOX were worth $1,063,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Fairfield Bush & CO. acquired a new stake in BOX in the 1st quarter valued at $29,000. Quarry LP increased its stake in BOX by 318.2% in the 1st quarter. Quarry LP now owns 1,330 shares of the software maker’s stock valued at $36,000 after buying an additional 1,012 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in BOX in the 3rd quarter valued at $38,000. Farther Finance Advisors LLC increased its stake in BOX by 31.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,971 shares of the software maker’s stock valued at $58,000 after buying an additional 475 shares during the last quarter. Finally, Point72 Middle East FZE acquired a new stake in BOX in the 4th quarter valued at $68,000. 86.74% of the stock is owned by institutional investors.

Insider Buying and Selling at BOX

In other BOX news, Director Daniel J. Levin sold 73,660 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $28.40, for a total value of $2,091,944.00. Following the completion of the sale, the director now owns 43,940 shares of the company’s stock, valued at approximately $1,247,896. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other BOX news, Director Daniel J. Levin sold 73,660 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $28.40, for a total value of $2,091,944.00. Following the completion of the sale, the director now owns 43,940 shares of the company’s stock, valued at approximately $1,247,896. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $27.30, for a total transaction of $354,900.00. Following the completion of the sale, the chief financial officer now directly owns 1,578,912 shares of the company’s stock, valued at approximately $43,104,297.60. The disclosure for this sale can be found here. Insiders sold 133,660 shares of company stock valued at $3,792,204 in the last quarter. Company insiders own 4.90% of the company’s stock.

BOX Stock Performance

Shares of BOX opened at $26.94 on Monday. Box, Inc. has a 52 week low of $23.29 and a 52 week high of $31.94. The firm has a market cap of $3.89 billion, a P/E ratio of 40.21, a price-to-earnings-growth ratio of 9.13 and a beta of 0.84. The firm’s 50-day simple moving average is $27.53 and its 200 day simple moving average is $26.15.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, March 5th. The software maker reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. The business had revenue of $262.88 million for the quarter, compared to analyst estimates of $262.92 million. As a group, equities analysts forecast that Box, Inc. will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BOX shares. JPMorgan Chase & Co. lifted their price target on shares of BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. JMP Securities restated a “market outperform” rating and set a $32.00 price objective on shares of BOX in a research note on Wednesday, March 20th. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price objective on shares of BOX in a research note on Wednesday, March 20th. TheStreet upgraded shares of BOX from a “c” rating to a “b” rating in a research note on Tuesday, March 5th. Finally, StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, BOX has a consensus rating of “Moderate Buy” and a consensus target price of $30.89.

About BOX

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.