Box, Inc. (NYSE:BOX – Get Free Report) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 13,000,000 shares, a growth of 11.6% from the August 31st total of 11,650,000 shares. Based on an average daily trading volume, of 1,990,000 shares, the short-interest ratio is presently 6.5 days. Approximately 9.5% of the shares of the stock are sold short.
BOX Stock Performance
BOX opened at $32.75 on Friday. The firm has a 50 day moving average price of $30.02 and a 200 day moving average price of $27.95. The company has a market cap of $4.73 billion, a PE ratio of 44.86 and a beta of 0.85. BOX has a 1 year low of $23.29 and a 1 year high of $33.95.
BOX (NYSE:BOX – Get Free Report) last posted its earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $270.04 million during the quarter, compared to the consensus estimate of $269.52 million. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 EPS. On average, sell-side analysts predict that BOX will post 0.23 earnings per share for the current year.
Wall Street Analyst Weigh In
Insider Buying and Selling
In related news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $24.97, for a total value of $324,610.00. Following the sale, the chief financial officer now directly owns 1,526,661 shares in the company, valued at approximately $38,120,725.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $24.97, for a total value of $324,610.00. Following the transaction, the chief financial officer now directly owns 1,526,661 shares in the company, valued at approximately $38,120,725.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bethany Mayer sold 4,760 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $26.48, for a total transaction of $126,044.80. Following the completion of the transaction, the director now owns 58,731 shares in the company, valued at $1,555,196.88. The disclosure for this sale can be found here. Insiders have sold 73,260 shares of company stock worth $2,113,560 in the last three months. Corporate insiders own 4.10% of the company’s stock.
Institutional Trading of BOX
Large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in BOX in the first quarter valued at approximately $2,477,000. Assenagon Asset Management S.A. grew its position in BOX by 143.6% in the second quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker’s stock valued at $6,742,000 after acquiring an additional 150,309 shares in the last quarter. Maryland State Retirement & Pension System acquired a new stake in BOX in the first quarter valued at approximately $1,361,000. Norges Bank acquired a new stake in BOX in the fourth quarter valued at approximately $12,370,000. Finally, New York State Teachers Retirement System acquired a new stake in BOX in the first quarter valued at approximately $1,283,000. Institutional investors and hedge funds 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.
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