Box, Inc. (NYSE:BOX) Director Sells $86,875.00 in Stock

Box, Inc. (NYSE:BOX) Director Jack R. Lazar sold 2,500 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total value of $86,875.00. Following the completion of the transaction, the director now directly owns 26,697 shares in the company, valued at approximately $927,720.75. This represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

BOX Stock Performance

BOX opened at $33.53 on Friday. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 42.44 and a beta of 0.85. The firm’s fifty day moving average is $32.71 and its 200 day moving average is $29.15. Box, Inc. has a fifty-two week low of $23.29 and a fifty-two week high of $35.07.

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

Analyst Upgrades and Downgrades

BOX has been the subject of several research reports. Morgan Stanley upped their price target on shares of BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. UBS Group upped their target price on shares of BOX from $31.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Royal Bank of Canada reiterated an “underperform” rating and set a $21.00 price target on shares of BOX in a research note on Wednesday, August 28th. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, William Blair reiterated an “outperform” rating on shares of BOX in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.22.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its position in shares of BOX by 7.5% during the first quarter. Russell Investments Group Ltd. now owns 529,342 shares of the software maker’s stock valued at $14,994,000 after buying an additional 37,009 shares during the last quarter. US Bancorp DE increased its holdings in BOX by 59.8% in the 1st quarter. US Bancorp DE now owns 44,729 shares of the software maker’s stock valued at $1,267,000 after acquiring an additional 16,737 shares during the last quarter. ProShare Advisors LLC lifted its stake in BOX by 21.3% in the 1st quarter. ProShare Advisors LLC now owns 29,735 shares of the software maker’s stock worth $842,000 after purchasing an additional 5,224 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in BOX by 7.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 43,110 shares of the software maker’s stock worth $1,155,000 after purchasing an additional 2,850 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of BOX by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock valued at $490,329,000 after purchasing an additional 2,249,082 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Company Profile

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.