BOX (NYSE:BOX) Issues Quarterly Earnings Results

BOX (NYSE:BOX) posted its quarterly earnings data on Tuesday. The software maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04, Briefing.com reports. BOX had a net margin of 13.13% and a negative return on equity of 11.71%. The company had revenue of $270.04 million during the quarter, compared to the consensus estimate of $269.52 million. During the same period in the prior year, the business posted $0.01 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis.

BOX Stock Performance

Shares of NYSE:BOX opened at $31.92 on Thursday. BOX has a 52 week low of $23.29 and a 52 week high of $32.14. The firm has a market cap of $4.61 billion, a PE ratio of 43.73 and a beta of 0.86. The firm’s fifty day moving average is $27.05 and its 200-day moving average is $27.04.

Analyst Ratings Changes

Several research firms have issued reports on BOX. UBS Group upped their price objective on BOX from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Morgan Stanley reduced their price objective on shares of BOX from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 29th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research report on Wednesday. Finally, Citigroup upped their price target on shares of BOX from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, BOX currently has an average rating of “Moderate Buy” and an average target price of $30.89.

Insider Activity at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $26.38, for a total transaction of $342,940.00. Following the transaction, the chief financial officer now directly owns 1,552,912 shares of the company’s stock, valued at approximately $40,965,818.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Eli Berkovitch sold 3,300 shares of BOX stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $25.90, for a total value of $85,470.00. Following the completion of the transaction, the vice president now directly owns 152,372 shares of the company’s stock, valued at approximately $3,946,434.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $26.38, for a total value of $342,940.00. Following the completion of the sale, the chief financial officer now owns 1,552,912 shares of the company’s stock, valued at $40,965,818.56. The disclosure for this sale can be found here. Insiders sold 59,560 shares of company stock worth $1,556,440 over the last three months. Company insiders own 4.10% of the company’s stock.

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.