Box, Inc. (NYSE:BOX) CFO Sells $324,610.00 in Stock

Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $24.97, for a total value of $324,610.00. Following the completion of the sale, the chief financial officer now directly owns 1,526,661 shares in the company, valued at approximately $38,120,725.17. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

BOX Price Performance

BOX traded up $0.52 during trading on Thursday, reaching $25.45. 1,153,625 shares of the stock traded hands, compared to its average volume of 2,008,371. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 34.25, a price-to-earnings-growth ratio of 7.35 and a beta of 0.86. Box, Inc. has a fifty-two week low of $23.29 and a fifty-two week high of $31.94. The stock’s 50-day simple moving average is $26.26 and its two-hundred day simple moving average is $26.63.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, May 28th. The software maker reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. BOX had a negative return on equity of 11.71% and a net margin of 13.13%. The company had revenue of $264.66 million for the quarter, compared to analyst estimates of $261.65 million. Research analysts anticipate that Box, Inc. will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BOX

Institutional investors have recently bought and sold shares of the stock. Capstone Investment Advisors LLC bought a new position in BOX during the fourth quarter valued at about $1,176,000. Dimensional Fund Advisors LP increased its stake in BOX by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,207,010 shares of the software maker’s stock valued at $56,523,000 after acquiring an additional 47,220 shares during the period. State of Alaska Department of Revenue bought a new position in BOX during the first quarter valued at about $2,477,000. Russell Investments Group Ltd. increased its stake in BOX by 10.3% during the fourth quarter. Russell Investments Group Ltd. now owns 492,333 shares of the software maker’s stock valued at $12,619,000 after acquiring an additional 45,971 shares during the period. Finally, Maryland State Retirement & Pension System bought a new position in BOX during the first quarter valued at about $1,361,000. 86.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BOX. UBS Group cut their price target on BOX from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 11th. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 target price on shares of BOX in a research report on Wednesday, May 29th. JMP Securities restated a “market outperform” rating and issued a $32.00 target price on shares of BOX in a research report on Wednesday, March 20th. Finally, Oppenheimer restated an “outperform” rating and issued a $35.00 target price on shares of BOX in a research report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.33.

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.