Box, Inc. (NYSE:BOX) Director Sells $2,091,944.00 in Stock

Box, Inc. (NYSE:BOX) Director Daniel J. Levin sold 73,660 shares of BOX stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $28.40, for a total transaction of $2,091,944.00. Following the completion of the sale, the director now owns 43,940 shares in the company, valued at $1,247,896. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

BOX Stock Performance

NYSE:BOX opened at $28.40 on Thursday. Box, Inc. has a one year low of $23.29 and a one year high of $31.94. The firm has a market cap of $4.10 billion, a P/E ratio of 42.39, a P/E/G ratio of 8.64 and a beta of 0.83. The firm has a 50-day simple moving average of $27.18 and a 200-day simple moving average of $25.89.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, March 5th. The software maker reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. The business had revenue of $262.88 million during the quarter, compared to analyst estimates of $262.92 million. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. On average, research analysts predict that Box, Inc. will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Fairfield Bush & CO. bought a new position in shares of BOX during the 1st quarter worth approximately $29,000. Pinebridge Investments L.P. acquired a new position in BOX during the 2nd quarter valued at approximately $36,000. Quarry LP increased its stake in BOX by 318.2% during the 1st quarter. Quarry LP now owns 1,330 shares of the software maker’s stock valued at $36,000 after purchasing an additional 1,012 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in BOX during the 3rd quarter valued at approximately $38,000. Finally, a16z Perennial Management L.P. acquired a new position in BOX during the 4th quarter valued at approximately $48,000. Institutional investors own 86.74% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. TheStreet upgraded shares of BOX from a “c” rating to a “b” rating in a report on Tuesday, March 5th. Citigroup lifted their price target on shares of BOX from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. KeyCorp dropped their price target on shares of BOX from $33.00 to $30.00 and set an “overweight” rating for the company in a research note on Wednesday, December 6th. JPMorgan Chase & Co. boosted their price objective on shares of BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Finally, JMP Securities reissued a “market outperform” rating and issued a $32.00 price objective on shares of BOX in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.