Atria Wealth Solutions Inc. Sells 1,859 Shares of Box, Inc. (NYSE:BOX)

Atria Wealth Solutions Inc. lessened its position in Box, Inc. (NYSE:BOX) by 15.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,857 shares of the software maker’s stock after selling 1,859 shares during the period. Atria Wealth Solutions Inc.’s holdings in BOX were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new position in BOX in the 3rd quarter worth $38,000. Blue Trust Inc. raised its holdings in BOX by 17.0% in the 4th quarter. Blue Trust Inc. now owns 6,165 shares of the software maker’s stock worth $149,000 after acquiring an additional 897 shares during the period. Tennessee Valley Asset Management Partners bought a new position in BOX in the 4th quarter worth $185,000. Stratos Wealth Partners LTD. bought a new position in BOX in the 4th quarter worth $209,000. Finally, Jump Financial LLC bought a new position in shares of BOX during the 3rd quarter worth about $210,000. Institutional investors own 86.74% of the company’s stock.

Insider Buying and Selling at BOX

In other BOX news, 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 value of $354,900.00. Following the transaction, the chief financial officer now directly owns 1,578,912 shares in the company, valued at $43,104,297.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $27.30, for a total transaction of $354,900.00. Following the transaction, the chief financial officer now directly owns 1,578,912 shares in the company, valued at $43,104,297.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $29.47, for a total transaction of $294,700.00. Following the transaction, the chief executive officer now owns 3,048,653 shares in the company, valued at $89,843,803.91. The disclosure for this sale can be found here. Insiders have sold a total of 120,660 shares of company stock worth $3,435,094 over the last ninety days. Corporate insiders own 4.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BOX shares. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price objective on shares of BOX in a report on Wednesday, March 20th. UBS Group boosted their price objective on shares of BOX from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Citigroup boosted their price objective on shares of BOX from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of BOX from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.89.

BOX Stock Performance

Shares of BOX stock opened at $26.05 on Friday. The firm has a market cap of $3.76 billion, a P/E ratio of 38.87, a price-to-earnings-growth ratio of 8.86 and a beta of 0.85. Box, Inc. has a twelve month low of $23.29 and a twelve month high of $31.94. The firm’s 50-day simple moving average is $27.70 and its 200-day simple moving average is $26.34.

BOX (NYSE:BOX) last released 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. The firm had revenue of $262.88 million for the quarter, compared to analyst estimates of $262.92 million. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. On average, equities analysts forecast that Box, Inc. will post 0.15 earnings per share for the current fiscal year.

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.