BOX (NYSE:BOX) Stock Price Down 3.6%

Box, Inc. (NYSE:BOX) shares were down 3.6% during trading on Wednesday . The company traded as low as $26.81 and last traded at $26.93. Approximately 560,561 shares changed hands during trading, a decline of 73% from the average daily volume of 2,073,426 shares. The stock had previously closed at $27.95.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BOX shares. 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, May 29th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. Citigroup upped their target price on BOX from $29.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. UBS Group reduced their price objective on BOX from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Finally, TheStreet raised BOX from a “c” rating to a “b” rating in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, BOX currently has an average rating of “Moderate Buy” and an average price target of $30.33.

BOX Price Performance

The business’s 50 day simple moving average is $26.90 and its 200 day simple moving average is $26.56. The stock has a market cap of $3.92 billion, a P/E ratio of 38.28, a PEG ratio of 7.98 and a beta of 0.83.

BOX (NYSE:BOX) last released its quarterly earnings data on Tuesday, March 5th. The software maker reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. BOX had a negative return on equity of 11.71% and a net margin of 13.13%. The company had revenue of $262.88 million for the quarter, compared to the consensus estimate of $262.92 million. Research analysts predict that Box, Inc. will post 0.17 earnings per share for the current year.

Insider Buying and Selling at BOX

In other BOX news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $29.47, for a total value of $294,700.00. Following the sale, the chief executive officer now directly owns 3,048,653 shares in the company, valued at $89,843,803.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other BOX news, Director Daniel J. Levin sold 73,660 shares of the stock in a transaction dated Thursday, March 21st. The stock was 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 directly owns 43,940 shares in the company, valued at $1,247,896. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $29.47, for a total value of $294,700.00. Following the completion of the transaction, the chief executive officer now owns 3,048,653 shares of the company’s stock, valued at $89,843,803.91. The disclosure for this sale can be found here. Insiders have sold 133,660 shares of company stock worth $3,774,134 over the last three months. Company insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BOX. DekaBank Deutsche Girozentrale bought a new position in BOX in the third quarter valued at approximately $38,000. a16z Perennial Management L.P. acquired a new stake in BOX during the 4th quarter worth approximately $48,000. TFO Wealth Partners LLC lifted 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 during the last quarter. Covestor Ltd lifted its holdings 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 purchasing an additional 924 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in BOX by 17.0% during the 4th quarter. Blue Trust Inc. now owns 6,165 shares of the software maker’s stock worth $149,000 after purchasing an additional 897 shares during the last quarter. 86.74% of the stock is currently owned by 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.