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 BOX stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $32.52, for a total transaction of $422,760.00. Following the completion of the transaction, the chief financial officer now owns 1,474,509 shares of the company’s stock, valued at $47,951,032.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

BOX Stock Performance

Shares of NYSE BOX opened at $32.80 on Thursday. The stock’s 50-day simple moving average is $31.32 and its 200-day simple moving average is $28.27. The firm has a market capitalization of $4.73 billion, a PE ratio of 44.93 and a beta of 0.85. Box, Inc. has a fifty-two week low of $23.29 and a fifty-two week high of $33.95.

BOX (NYSE:BOX) last released its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 earnings per share 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 for the quarter, compared to analysts’ expectations of $269.52 million. During the same quarter last year, the company earned $0.01 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, sell-side analysts forecast that Box, Inc. will post 0.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BOX has been the subject of several recent research reports. Morgan Stanley raised their price target on shares of BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. Citigroup lifted their target price on BOX from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Monness Crespi & Hardt upgraded BOX to a “hold” rating in a report on Friday, August 16th. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research note on Wednesday, August 28th. Finally, StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, BOX has an average rating of “Moderate Buy” and an average target price of $31.22.

Institutional Investors Weigh In On BOX

A number of institutional investors and hedge funds have recently bought and sold shares of BOX. Quarry LP increased its position in shares of BOX by 324.6% during the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after purchasing an additional 1,084 shares in the last quarter. GAMMA Investing LLC grew its stake in BOX by 143.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after buying an additional 787 shares during the last quarter. Toronto Dominion Bank acquired a new position in BOX during the second quarter worth approximately $53,000. Nisa Investment Advisors LLC lifted its stake in BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after buying an additional 632 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of BOX in the second quarter valued at approximately $95,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

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.