Box, Inc. (NYSE:BOX) Director Bethany Mayer Sells 4,760 Shares

Box, Inc. (NYSE:BOX) Director Bethany Mayer sold 4,760 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $26.48, for a total transaction of $126,044.80. Following the completion of the sale, the director now owns 58,731 shares in the company, valued at approximately $1,555,196.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

BOX Trading Down 1.2 %

Shares of NYSE:BOX opened at $26.09 on Friday. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 35.74, a PEG ratio of 7.59 and a beta of 0.86. Box, Inc. has a 12 month low of $23.29 and a 12 month high of $31.94. The firm’s 50-day moving average is $26.34 and its 200 day moving average is $26.64.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, May 28th. The software maker reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $264.66 million for the quarter, compared to the consensus estimate of $261.65 million. BOX had a net margin of 13.13% and a negative return on equity of 11.71%. As a group, equities analysts forecast that Box, Inc. will post 0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Oppenheimer reiterated an “outperform” rating and issued a $35.00 price target on shares of BOX in a research note on Wednesday, May 29th. UBS Group decreased their target price on shares of BOX from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 11th. Morgan Stanley decreased their target price on shares of BOX from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 29th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $21.00 target price on shares of BOX in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.33.

Hedge Funds Weigh In On BOX

Several hedge funds have recently added to or reduced their stakes in the company. TFO Wealth Partners LLC grew its stake in BOX by 62,000.0% in 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. a16z Perennial Management L.P. bought a new position in BOX in the 4th quarter worth about $48,000. Covestor Ltd grew its stake in BOX by 27.3% in the 1st quarter. Covestor Ltd now owns 4,312 shares of the software maker’s stock worth $122,000 after acquiring an additional 924 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in BOX in the 1st quarter worth about $174,000. Finally, Neo Ivy Capital Management bought a new position in BOX in the 4th quarter worth about $156,000. 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.