BOX Target of Unusually High Options Trading (BOX)

Box (NYSE:BOX) was the recipient of some unusual options trading on Tuesday. Investors purchased 7,694 put options on the stock. This represents an increase of 2,170% compared to the typical volume of 339 put options.

Shares of BOX stock opened at $22.11 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 4.48. BOX has a one year low of $16.76 and a one year high of $24.50. The stock has a market cap of $3,145.93, a PE ratio of -19.06 and a beta of 1.14.

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BOX (NYSE:BOX) last issued its earnings results on Wednesday, February 28th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.02. BOX had a negative net margin of 30.62% and a negative return on equity of 433.21%. The firm had revenue of $136.70 million for the quarter, compared to analysts’ expectations of $136.61 million. During the same quarter last year, the company posted ($0.10) earnings per share. BOX’s revenue was up 24.4% on a year-over-year basis. analysts anticipate that BOX will post -1.01 EPS for the current year.

Several analysts recently issued reports on BOX shares. Monness Crespi & Hardt began coverage on BOX in a report on Wednesday, April 11th. They issued a “neutral” rating for the company. Vetr upgraded BOX from a “hold” rating to a “strong-buy” rating and set a $26.97 target price for the company in a research note on Tuesday, February 27th. Zacks Investment Research upgraded BOX from a “sell” rating to a “hold” rating in a research note on Thursday, March 8th. Canaccord Genuity restated a “buy” rating on shares of BOX in a research note on Monday, March 5th. Finally, DA Davidson began coverage on BOX in a research note on Thursday, February 15th. They set a “buy” rating and a $25.00 target price for the company. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $24.40.

In related news, Director Daniel J. Levin sold 10,000 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the sale, the director now directly owns 5,790 shares in the company, valued at approximately $115,800. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $20.42, for a total value of $265,460.00. Following the completion of the sale, the chief financial officer now owns 13,000 shares of the company’s stock, valued at $265,460. The disclosure for this sale can be found here. Over the last quarter, insiders sold 285,079 shares of company stock valued at $5,935,989. 20.59% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Dorsey & Whitney Trust CO LLC bought a new position in BOX in the fourth quarter worth about $203,000. Welch Capital Partners LLC NY bought a new position in BOX in the fourth quarter worth about $226,000. Aperio Group LLC bought a new position in BOX in the fourth quarter worth about $227,000. Xact Kapitalforvaltning AB bought a new position in BOX in the fourth quarter worth about $227,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in BOX in the fourth quarter worth about $228,000. 74.56% of the stock is currently owned by hedge funds and other institutional investors.

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BOX Company Profile

Box, Inc provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise content from anywhere or any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.

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