BOX (NYSE:BOX) Issues Earnings Results

BOX (NYSE:BOX) released its quarterly earnings data on Tuesday. The software maker reported $0.04 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.37), Zacks reports. BOX had a net margin of 13.96% and a negative return on equity of 17.20%.

BOX Price Performance

Shares of NYSE BOX traded up $0.87 during mid-day trading on Tuesday, hitting $33.63. 4,502,448 shares of the stock traded hands, compared to its average volume of 1,956,708. The company has a market cap of $4.83 billion, a PE ratio of 42.03, a price-to-earnings-growth ratio of 4.42 and a beta of 0.88. BOX has a twelve month low of $24.63 and a twelve month high of $35.74. The firm has a 50 day simple moving average of $32.78 and a two-hundred day simple moving average of $32.58.

Insiders Place Their Bets

In other BOX news, COO Olivia Nottebohm sold 6,079 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $34.42, for a total transaction of $209,239.18. Following the sale, the chief operating officer now directly owns 440,988 shares of the company’s stock, valued at $15,178,806.96. The trade was a 1.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $31.05, for a total transaction of $403,650.00. Following the completion of the transaction, the chief financial officer now owns 1,466,684 shares of the company’s stock, valued at approximately $45,540,538.20. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,041 shares of company stock valued at $2,889,758 in the last 90 days. Corporate insiders own 4.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Bank of America initiated coverage on shares of BOX in a research note on Thursday, December 12th. They issued a “buy” rating and a $40.00 price target on the stock. DA Davidson initiated coverage on shares of BOX in a report on Wednesday, December 18th. They set a “buy” rating and a $45.00 target price on the stock. Morgan Stanley lifted their price target on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 4th. Citigroup increased their price target on BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, UBS Group raised their price target on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.89.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.