Aaron Levie Sells 10,000 Shares of Box, Inc. (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total value of $329,200.00. Following the sale, the chief executive officer now directly owns 3,009,155 shares of the company’s stock, valued at approximately $99,061,382.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Aaron Levie also recently made the following trade(s):

• On Tuesday, July 2nd, Aaron Levie sold 10,000 shares of BOX stock. The shares were sold at an average price of $26.26, for a total value of $262,600.00.

BOX Price Performance

NYSE:BOX opened at $33.29 on Friday. Box, Inc. has a 1-year low of $23.29 and a 1-year high of $33.45. The stock has a market cap of $4.77 billion, a P/E ratio of 45.60 and a beta of 0.85. The firm has a 50-day moving average of $28.67 and a two-hundred day moving average of $27.60.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. The firm had revenue of $270.04 million during the quarter, compared to the consensus estimate of $269.52 million. During the same quarter in the prior year, the business posted $0.01 earnings per share. BOX’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts expect that Box, Inc. will post 0.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on BOX. Morgan Stanley increased their target price on shares of BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. Citigroup raised their target price on shares of BOX from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price target on shares of BOX in a report on Wednesday, August 28th. Finally, UBS Group boosted their price objective on BOX from $31.00 to $34.00 and gave the stock a “buy” rating 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 issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $31.22.

Institutional Trading of BOX

A number of hedge funds have recently made changes to their positions in BOX. Capstone Investment Advisors LLC bought a new position in BOX during the 4th quarter valued at $1,176,000. Dimensional Fund Advisors LP raised its stake in shares of BOX by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,207,010 shares of the software maker’s stock valued at $56,523,000 after purchasing an additional 47,220 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of BOX during the first quarter worth about $2,477,000. Assenagon Asset Management S.A. grew its stake 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 worth $6,742,000 after purchasing an additional 150,309 shares in the last quarter. Finally, Maryland State Retirement & Pension System bought a new stake in BOX in the first quarter valued at about $1,361,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

About BOX

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.