Insider Selling: Box, Inc. (NYSE:BOX) Director Sells 2,500 Shares of Stock

Box, Inc. (NYSE:BOX) Director Jack R. Lazar sold 2,500 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the completion of the transaction, the director now directly owns 26,697 shares in the company, valued at approximately $927,720.75. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BOX Stock Down 1.1 %

Shares of NYSE BOX traded down $0.39 on Thursday, reaching $34.28. 1,621,800 shares of the company’s stock traded hands, compared to its average volume of 1,992,483. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 43.39 and a beta of 0.85. The business’s 50 day simple moving average is $32.68 and its two-hundred day simple moving average is $29.08. Box, Inc. has a 12 month low of $23.29 and a 12 month high of $35.07.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $270.04 million for the quarter, compared to analysts’ expectations of $269.52 million. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 EPS. Analysts forecast that Box, Inc. will post 0.23 earnings per share for the current fiscal year.

Institutional Trading of BOX

Several institutional investors and hedge funds have recently modified their holdings of BOX. Vanguard Group Inc. increased its holdings in BOX by 14.9% in the 1st quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock valued at $490,329,000 after acquiring an additional 2,249,082 shares during the last quarter. Congress Asset Management Co. bought a new stake in BOX in the 3rd quarter valued at $46,236,000. Earnest Partners LLC increased its holdings in BOX by 10.5% in the 1st quarter. Earnest Partners LLC now owns 7,340,474 shares of the software maker’s stock valued at $207,882,000 after acquiring an additional 699,882 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in BOX by 19.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,374,580 shares of the software maker’s stock valued at $67,248,000 after acquiring an additional 386,149 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in BOX by 9.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock valued at $67,809,000 after acquiring an additional 229,314 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Monness Crespi & Hardt upgraded BOX to a “hold” rating in a research report on Friday, August 16th. Royal Bank of Canada reiterated an “underperform” rating and set a $21.00 target price on shares of BOX in a report on Wednesday, August 28th. Morgan Stanley upped their target price on BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. William Blair reiterated an “outperform” rating on shares of BOX in a research note on Thursday. Finally, UBS Group lifted their price objective on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $31.22.

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.