BOX (NYSE:BOX) Sets New 1-Year High at $33.56

Box, Inc. (NYSE:BOX)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $33.56 and last traded at $33.31, with a volume of 80107 shares trading hands. The stock had previously closed at $33.29.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Monness Crespi & Hardt raised BOX to a “hold” rating in a research report on Friday, August 16th. UBS Group increased their price target on shares of BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Morgan Stanley lifted their price objective on shares of BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price target on shares of BOX in a research report on Wednesday, August 28th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $35.00 target price on shares of BOX in a report on Wednesday, May 29th. One 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 data from MarketBeat, BOX has an average rating of “Moderate Buy” and an average target price of $31.22.

BOX Stock Up 0.0 %

The company has a market cap of $4.81 billion, a PE ratio of 45.60 and a beta of 0.85. The firm has a fifty day simple moving average of $28.67 and a 200-day simple moving average of $27.63.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $270.04 million for the quarter, compared to analyst estimates of $269.52 million. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 earnings per share. Equities research analysts forecast that Box, Inc. will post 0.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BOX news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $26.26, for a total value of $262,600.00. Following the sale, the chief executive officer now owns 3,019,155 shares of the company’s stock, valued at approximately $79,283,010.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other BOX news, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $26.26, for a total transaction of $262,600.00. Following the completion of the transaction, the chief executive officer now owns 3,019,155 shares of the company’s stock, valued at $79,283,010.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.89, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders sold 73,260 shares of company stock worth $2,113,560. 4.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BOX. Vanguard Group Inc. lifted its position in BOX by 14.9% during the first quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock valued at $490,329,000 after buying an additional 2,249,082 shares in the last quarter. Earnest Partners LLC increased its stake in BOX by 8.5% during the 2nd quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock worth $210,487,000 after buying an additional 620,450 shares during the period. Sei Investments Co. increased its position in shares of BOX by 4.2% during the second quarter. Sei Investments Co. now owns 3,078,857 shares of the software maker’s stock worth $81,405,000 after acquiring an additional 125,435 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of BOX by 9.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock valued at $67,809,000 after purchasing an additional 229,314 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of BOX by 19.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 2,374,580 shares of the software maker’s stock worth $67,248,000 after buying an additional 386,149 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

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.