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

Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $24.97, for a total transaction of $324,610.00. Following the transaction, the chief financial officer now directly owns 1,526,661 shares in the company, valued at $38,120,725.17. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

BOX Price Performance

BOX stock traded up $0.52 during trading on Thursday, hitting $25.45. 1,153,625 shares of the stock traded hands, compared to its average volume of 2,008,371. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $31.94. The firm’s 50 day moving average is $26.26 and its two-hundred day moving average is $26.63. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 34.25, a price-to-earnings-growth ratio of 7.35 and a beta of 0.86.

BOX (NYSE:BOX) last announced its quarterly earnings data 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, analysts anticipate that Box, Inc. will post 0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On BOX

Several hedge funds and other institutional investors have recently bought and sold shares of BOX. a16z Perennial Management L.P. bought a new position in shares of BOX in the 4th quarter worth approximately $48,000. TFO Wealth Partners LLC raised its stake in BOX by 62,000.0% during 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 during the period. Covestor Ltd raised its stake in BOX by 27.3% during 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 during the period. Blue Trust Inc. raised its stake in BOX by 17.0% during the 4th quarter. Blue Trust Inc. now owns 6,165 shares of the software maker’s stock worth $149,000 after acquiring an additional 897 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in BOX by 14.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,207 shares of the software maker’s stock valued at $154,000 after buying an additional 782 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

Analyst Ratings Changes

BOX has been the topic of a number of research analyst reports. Morgan Stanley reduced their price objective 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. JMP Securities reissued a “market outperform” rating and set a $32.00 price objective on shares of BOX in a research report on Wednesday, March 20th. Royal Bank of Canada reissued an “underperform” rating and set a $21.00 price objective on shares of BOX in a research report on Wednesday, May 29th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 11th. Finally, UBS Group reduced 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, BOX currently has an average rating of “Moderate Buy” and an average price target of $30.33.

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.