Aspiriant LLC Decreases Stake in Box, Inc. (NYSE:BOX)

Aspiriant LLC reduced its stake in Box, Inc. (NYSE:BOX) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,600 shares of the software maker’s stock after selling 448 shares during the period. Aspiriant LLC’s holdings in BOX were worth $265,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. increased its stake in BOX by 332.5% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker’s stock worth $27,000 after purchasing an additional 665 shares during the period. Versant Capital Management Inc grew its position in shares of BOX by 519.4% in the 1st quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker’s stock worth $60,000 after buying an additional 1,636 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of BOX by 715.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock worth $69,000 after buying an additional 1,897 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in shares of BOX by 42.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker’s stock worth $69,000 after buying an additional 653 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of BOX by 19.3% in the 4th quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker’s stock worth $81,000 after buying an additional 417 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. DA Davidson set a $45.00 price objective on BOX and gave the stock a “buy” rating in a research report on Wednesday, May 28th. Morgan Stanley reiterated a “positive” rating on shares of BOX in a research report on Wednesday, May 28th. UBS Group upgraded BOX from a “buy” rating to a “strong-buy” rating and lifted their price objective for the stock from $37.00 to $40.00 in a research report on Wednesday, May 28th. Royal Bank Of Canada lifted their price objective on BOX from $21.00 to $24.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 28th. Finally, Wall Street Zen upgraded BOX from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $38.50.

Insider Activity at BOX

In other BOX news, COO Olivia Nottebohm sold 2,105 shares of BOX stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $30.76, for a total transaction of $64,749.80. Following the completion of the transaction, the chief operating officer now owns 427,113 shares in the company, valued at approximately $13,137,995.88. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Eli Berkovitch sold 2,750 shares of BOX stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $29.58, for a total value of $81,345.00. Following the transaction, the vice president now owns 121,922 shares of the company’s stock, valued at $3,606,452.76. The trade was a 2.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,129 shares of company stock worth $3,459,346 over the last ninety days. 3.90% of the stock is owned by corporate insiders.

BOX Stock Down 2.3%

NYSE BOX opened at $35.01 on Thursday. Box, Inc. has a twelve month low of $24.63 and a twelve month high of $38.80. The firm has a market capitalization of $5.03 billion, a PE ratio of 27.14 and a beta of 0.94. The stock’s 50 day moving average is $32.85 and its 200 day moving average is $32.40.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. BOX had a negative return on equity of 20.17% and a net margin of 21.38%. The company had revenue of $276.27 million for the quarter, compared to analyst estimates of $274.77 million. During the same period in the previous year, the company posted $0.39 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. On average, research analysts anticipate that Box, Inc. will post 0.27 earnings per share for the current year.

BOX declared that its Board of Directors has initiated a share buyback plan on Tuesday, March 4th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the software maker to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

BOX Company Profile

Box, Inc engages in the provision of an 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, and Box KeySafe.