Box, Inc. (NYSE:BOX) CFO Sells $379,200.00 in Stock

Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 15,000 shares of the firm’s stock in a transaction on Monday, January 10th. The stock was sold at an average price of $25.28, for a total value of $379,200.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

BOX opened at $25.85 on Friday. Box, Inc. has a 12 month low of $16.85 and a 12 month high of $28.13. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of -80.78 and a beta of 1.32. The company has a debt-to-equity ratio of 3.33, a current ratio of 1.58 and a quick ratio of 1.58. The business has a fifty day moving average price of $25.74 and a 200 day moving average price of $25.20.

BOX (NYSE:BOX) last released its earnings results on Tuesday, November 30th. The software maker reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. BOX had a negative return on equity of 48.70% and a negative net margin of 5.01%. The firm had revenue of $224.04 million during the quarter, compared to analysts’ expectations of $218.62 million. During the same period in the previous year, the firm posted ($0.03) EPS. BOX’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, research analysts anticipate that Box, Inc. will post -0.28 earnings per share for the current year.

Several research firms have issued reports on BOX. Raymond James raised their target price on BOX from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 1st. KeyCorp raised their target price on BOX from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 1st. Zacks Investment Research cut BOX from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research note on Tuesday, November 16th. Morgan Stanley lifted their price objective on BOX from $29.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 1st. Finally, JMP Securities raised BOX from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, September 27th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $29.20.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE grew its stake in BOX by 31.5% during the 2nd quarter. US Bancorp DE now owns 1,874 shares of the software maker’s stock worth $48,000 after purchasing an additional 449 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in BOX during the 3rd quarter worth about $72,000. Rockefeller Capital Management L.P. lifted its holdings in BOX by 379.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,113 shares of the software maker’s stock worth $73,000 after buying an additional 2,464 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in BOX during the 2nd quarter worth about $80,000. Finally, Strs Ohio lifted its holdings in BOX by 7.7% during the 3rd quarter. Strs Ohio now owns 7,000 shares of the software maker’s stock worth $165,000 after buying an additional 500 shares during the last quarter. 79.77% of the stock is owned by hedge funds and other institutional investors.

BOX Company Profile

Box, Inc engages in the provision of enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, box governance, box zones, box relay, box shuttle, box keysafe and automations.

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Insider Buying and Selling by Quarter for BOX (NYSE:BOX)

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