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 shares were 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 $49,998,222.89. This represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

BOX Stock Performance

NYSE BOX opened at $34.28 on Friday. The firm has a 50 day simple moving average of $32.68 and a 200-day simple moving average of $29.08. Box, Inc. has a one year low of $23.29 and a one year high of $35.07. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 43.39 and a beta of 0.85.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, August 28th. UBS Group upped their price objective on shares of BOX from $31.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a report on Friday, August 16th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, William Blair reaffirmed an “outperform” rating on shares of BOX in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in shares of BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after purchasing an additional 787 shares during the period. Quarry LP boosted its stake in shares of BOX by 324.6% in the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after purchasing an additional 1,084 shares during the period. Toronto Dominion Bank acquired a new stake in BOX in the second quarter valued at approximately $53,000. Farther Finance Advisors LLC raised its holdings in BOX by 245.4% in the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after acquiring an additional 1,536 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings 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 acquiring an additional 632 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

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.