Peloton Wealth Strategists Has $3.60 Million Stock Position in Box, Inc. (NYSE:BOX)

Peloton Wealth Strategists lessened its stake in Box, Inc. (NYSE:BOX) by 12.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,250 shares of the software maker’s stock after selling 19,250 shares during the quarter. BOX accounts for about 1.5% of Peloton Wealth Strategists’ investment portfolio, making the stock its 27th biggest holding. Peloton Wealth Strategists owned about 0.09% of BOX worth $3,602,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in BOX. TFO Wealth Partners LLC increased its holdings in BOX by 62,000.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker’s stock worth $48,000 after purchasing an additional 1,860 shares in the last quarter. Toronto Dominion Bank bought a new position in shares of BOX during the second quarter worth about $53,000. Nisa Investment Advisors LLC raised its position in BOX by 31.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after buying an additional 632 shares during the last quarter. Quest Partners LLC bought a new stake in BOX in the 2nd quarter valued at approximately $95,000. Finally, Covestor Ltd boosted its position in BOX by 27.3% during the 1st quarter. Covestor Ltd now owns 4,312 shares of the software maker’s stock worth $122,000 after acquiring an additional 924 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, August 28th. Morgan Stanley lifted their price target on shares of BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. UBS Group increased their price objective on shares of BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Monness Crespi & Hardt raised BOX to a “hold” rating in a research report on Friday, August 16th. Finally, StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.22.

BOX Stock Performance

Shares of NYSE BOX opened at $32.76 on Friday. The stock has a 50 day moving average price of $30.02 and a 200 day moving average price of $27.96. Box, Inc. has a 52 week low of $23.29 and a 52 week high of $33.95. The stock has a market capitalization of $4.73 billion, a PE ratio of 44.87 and a beta of 0.85.

BOX (NYSE:BOX) last released its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. The company had revenue of $270.04 million during the quarter, compared to analysts’ expectations of $269.52 million. During the same period last year, the firm posted $0.01 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts forecast that Box, Inc. will post 0.23 EPS for the current year.

Insider Activity

In other news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $24.97, for a total value of $324,610.00. Following the completion of the sale, the chief financial officer now directly owns 1,526,661 shares of the company’s stock, valued at $38,120,725.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Jack R. Lazar sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $32.68, for a total transaction of $228,760.00. Following the transaction, the director now owns 29,197 shares in the company, valued at $954,157.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $24.97, for a total value of $324,610.00. Following the transaction, the chief financial officer now owns 1,526,661 shares in the company, valued at approximately $38,120,725.17. The disclosure for this sale can be found here. Insiders sold a total of 73,260 shares of company stock valued at $2,113,560 over the last three months. Insiders own 4.10% of the company’s stock.

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.