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 business’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $27.30, for a total value of $354,900.00. Following the transaction, the chief financial officer now directly owns 1,578,912 shares of the company’s stock, valued at approximately $43,104,297.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

BOX Stock Performance

NYSE:BOX opened at $26.94 on Friday. The company has a market capitalization of $3.89 billion, a PE ratio of 40.21, a P/E/G ratio of 9.28 and a beta of 0.84. Box, Inc. has a fifty-two week low of $23.29 and a fifty-two week high of $31.94. The company has a 50 day simple moving average of $27.53 and a two-hundred day simple moving average of $26.13.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, March 5th. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The firm had revenue of $262.88 million for the quarter, compared to analysts’ expectations of $262.92 million. BOX had a negative return on equity of 9.46% and a net margin of 12.43%. Research analysts predict that Box, Inc. will post 0.15 EPS for the current year.

Hedge Funds Weigh In On BOX

A number of institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its holdings in shares of BOX by 12.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,097 shares of the software maker’s stock worth $91,000 after purchasing an additional 343 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of BOX by 1.0% in the 4th quarter. Captrust Financial Advisors now owns 38,231 shares of the software maker’s stock worth $1,190,000 after purchasing an additional 369 shares in the last quarter. Cornercap Investment Counsel Inc. lifted its holdings in shares of BOX by 2.1% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 18,189 shares of the software maker’s stock worth $466,000 after purchasing an additional 376 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of BOX by 1.3% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 31,510 shares of the software maker’s stock worth $763,000 after purchasing an additional 408 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its holdings in shares of BOX by 4.8% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 8,823 shares of the software maker’s stock worth $275,000 after purchasing an additional 408 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. TheStreet raised BOX from a “c” rating to a “b” rating in a research note on Tuesday, March 5th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research note on Wednesday, March 20th. Citigroup upped their price objective on BOX from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $32.00 price objective on shares of BOX in a research note on Wednesday, March 20th. Finally, JPMorgan Chase & Co. upped their price objective on BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, BOX currently has an average rating of “Moderate Buy” and a consensus target price of $30.89.

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.