Box, Inc. (NYSE:BOX) CFO Sells $427,570.00 in Stock

Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.89, for a total transaction of $427,570.00. Following the completion of the sale, the chief financial officer now owns 1,500,661 shares in the company, valued at $49,356,740.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

BOX Stock Performance

BOX stock traded down $0.20 during trading hours on Thursday, hitting $32.87. The company had a trading volume of 1,228,885 shares, compared to its average volume of 1,991,220. The firm has a market cap of $4.74 billion, a P/E ratio of 45.03 and a beta of 0.85. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $33.45. The company has a 50-day moving average price of $28.53 and a two-hundred day moving average price of $27.54.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The business had revenue of $270.04 million during the quarter, compared to analyst estimates of $269.52 million. During the same quarter in the previous year, the business posted $0.01 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Box, Inc. will post 0.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BOX shares. Citigroup boosted their target price on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a research note on Friday, August 16th. Oppenheimer reaffirmed an “outperform” rating and set a $35.00 price target on shares of BOX in a research note on Wednesday, May 29th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and set a $21.00 price target on shares of BOX in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.22.

Institutional Investors Weigh In On BOX

Several hedge funds have recently modified their holdings of the business. Quarry LP raised its stake in shares of BOX by 324.6% during the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after acquiring an additional 1,084 shares in the last quarter. TFO Wealth Partners LLC raised its stake in shares of 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 acquiring an additional 1,860 shares in the last quarter. Toronto Dominion Bank bought a new position in shares of BOX during the 2nd quarter worth approximately $53,000. Nisa Investment Advisors LLC raised its stake in shares of BOX by 31.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after acquiring an additional 632 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of BOX during the 2nd quarter worth approximately $95,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

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.