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 the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.21, for a total transaction of $444,730.00. Following the completion of the sale, the chief financial officer now directly owns 1,461,509 shares in the company, valued at approximately $49,998,222.89. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BOX Price Performance

Shares of BOX stock opened at $34.28 on Friday. The firm’s fifty day simple moving average is $32.68 and its 200-day simple moving average is $29.08. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 43.39 and a beta of 0.85. Box, Inc. has a 12 month low of $23.29 and a 12 month high of $35.07.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a report on Friday, August 16th. Citigroup raised 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. UBS Group raised their price objective on shares of BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $21.00 price objective on shares of BOX in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BOX presently has an average rating of “Moderate Buy” and an average target price of $31.22.

Hedge Funds Weigh In On BOX

Hedge funds and other institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its position in BOX by 143.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker’s stock valued at $6,742,000 after buying an additional 150,309 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of BOX by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock worth $490,329,000 after purchasing an additional 2,249,082 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of BOX during the 1st quarter worth $1,096,000. Mutual of America Capital Management LLC purchased a new stake in shares of BOX during the 1st quarter worth $701,000. Finally, Comerica Bank boosted its position in shares of BOX by 964.7% during the 1st quarter. Comerica Bank now owns 85,081 shares of the software maker’s stock worth $2,409,000 after purchasing an additional 77,090 shares in the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

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.