Box, Inc. (NYSE:BOX) Short Interest Update

Box, Inc. (NYSE:BOX) 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) 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

A number of research analysts have issued reports on BOX shares. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Morgan Stanley upped their target price 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 reiterated an “underperform” rating and set a $21.00 price objective on shares of BOX in a report on Wednesday, August 28th. Citigroup increased their price objective on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.22.

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.