Box, Inc. (NYSE:BOX) CFO Dylan C. Smith Sells 13,000 Shares

Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $32.52, for a total transaction of $422,760.00. Following the completion of the transaction, the chief financial officer now owns 1,474,509 shares in the company, valued at approximately $47,951,032.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BOX Price Performance

Shares of NYSE BOX opened at $32.72 on Wednesday. The firm has a fifty day moving average price of $31.20 and a 200-day moving average price of $28.24. The stock has a market cap of $4.72 billion, a PE ratio of 44.82 and a beta of 0.85. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $33.95.

BOX (NYSE:BOX) last announced its quarterly earnings data 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 analysts’ expectations 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 for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 earnings per share. On average, research analysts expect that Box, Inc. will post 0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BOX. Royal Bank of Canada reissued an “underperform” rating and set a $21.00 price objective on shares of BOX in a research note on Wednesday, August 28th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a report on Friday, August 16th. Citigroup lifted their target price 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, Morgan Stanley lifted their target price on shares of BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.22.

Institutional Trading of BOX

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning increased its stake in shares of BOX by 4.2% in the third quarter. Creative Planning now owns 15,743 shares of the software maker’s stock worth $515,000 after purchasing an additional 631 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in BOX during the third quarter valued at $1,711,000. Profit Investment Management LLC purchased a new position in BOX during the third quarter valued at $3,152,000. GAMMA Investing LLC grew its stake in BOX by 143.1% during the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after acquiring an additional 787 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its stake in BOX by 51.2% during the third quarter. Handelsbanken Fonder AB now owns 39,853 shares of the software maker’s stock valued at $1,304,000 after acquiring an additional 13,500 shares in the last quarter. 86.74% of the stock is owned by hedge funds and other 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.