Insider Selling: Box, Inc. (NYSE:BOX) Director Sells 11,000 Shares of Stock

Box, Inc. (NYSE:BOX) Director Dana L. Evan sold 11,000 shares of BOX stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $28.47, for a total transaction of $313,170.00. Following the sale, the director now directly owns 116,535 shares in the company, valued at approximately $3,317,751.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

BOX Stock Performance

Shares of BOX stock traded down $0.08 during trading hours on Friday, reaching $28.32. 1,426,963 shares of the company were exchanged, compared to its average volume of 4,705,042. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $31.94. The stock’s fifty day moving average is $27.23 and its 200 day moving average is $25.91. The firm has a market cap of $4.09 billion, a PE ratio of 42.27, a PEG ratio of 8.69 and a beta of 0.83.

BOX (NYSE:BOX) last posted its quarterly earnings data on Tuesday, March 5th. The software maker reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. BOX had a negative return on equity of 9.46% and a net margin of 12.43%. The business had revenue of $262.88 million for the quarter, compared to analyst estimates of $262.92 million. Research analysts expect that Box, Inc. will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On BOX

A number of institutional investors and hedge funds have recently modified their holdings of BOX. Vanguard Group Inc. boosted its stake in BOX by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 15,064,800 shares of the software maker’s stock valued at $385,810,000 after acquiring an additional 159,111 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of BOX by 1.2% during the third quarter. Earnest Partners LLC now owns 6,132,385 shares of the software maker’s stock worth $148,465,000 after buying an additional 70,129 shares during the period. RGM Capital LLC boosted its stake in shares of BOX by 6.9% during the third quarter. RGM Capital LLC now owns 5,449,887 shares of the software maker’s stock worth $131,942,000 after buying an additional 349,976 shares during the period. Macquarie Group Ltd. boosted its stake in shares of BOX by 4.9% during the first quarter. Macquarie Group Ltd. now owns 3,379,511 shares of the software maker’s stock worth $90,537,000 after buying an additional 158,270 shares during the period. Finally, State Street Corp boosted its stake in shares of BOX by 4.0% during the second quarter. State Street Corp now owns 3,174,174 shares of the software maker’s stock worth $93,257,000 after buying an additional 123,027 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BOX shares. UBS Group lifted their price target on shares of BOX from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Morgan Stanley cut their target price on BOX from $35.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 6th. Citigroup boosted their target price on BOX from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. TheStreet raised BOX from a “c” rating to a “b” rating in a research report on Tuesday, March 5th. Finally, StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.89.

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.