Dylan C. Smith Sells 13,000 Shares of Box, Inc. (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.21, for a total transaction of $444,730.00. Following the completion of the sale, the chief financial officer now directly owns 1,461,509 shares of the company’s stock, valued at approximately $49,998,222.89. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

BOX Stock Down 2.2 %

Shares of BOX stock opened at $33.53 on Friday. The firm has a 50 day moving average of $32.71 and a two-hundred day moving average of $29.12. The stock has a market capitalization of $4.80 billion, a PE ratio of 42.44 and a beta of 0.85. Box, Inc. has a 52 week low of $23.29 and a 52 week 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The company had revenue of $270.04 million during the quarter, compared to the consensus estimate of $269.52 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts expect that Box, Inc. will post 0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of BOX by 14.9% during the first quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock worth $490,329,000 after purchasing an additional 2,249,082 shares during the period. Congress Asset Management Co. acquired a new stake in shares of BOX in the 3rd quarter worth $46,236,000. Earnest Partners LLC increased its stake in shares of BOX by 10.5% during the first quarter. Earnest Partners LLC now owns 7,340,474 shares of the software maker’s stock worth $207,882,000 after acquiring an additional 699,882 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in BOX by 19.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 2,374,580 shares of the software maker’s stock worth $67,248,000 after purchasing an additional 386,149 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in BOX by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock valued at $67,809,000 after purchasing an additional 229,314 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BOX. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Morgan Stanley lifted their price objective on shares of BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. Royal Bank of Canada reissued an “underperform” rating and set a $21.00 target price on shares of BOX in a research report on Wednesday, August 28th. UBS Group lifted their price target on shares of BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, William Blair reiterated an “outperform” rating on shares of BOX in a report on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, BOX has an average rating of “Moderate Buy” and an average target price of $31.22.

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.