Jack R. Lazar Sells 2,500 Shares of Box, Inc. (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) Director Jack R. Lazar sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total transaction of $86,875.00. Following the completion of the transaction, the director now directly owns 26,697 shares of the company’s stock, valued at approximately $927,720.75. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

BOX Stock Performance

Shares of BOX stock opened at $33.53 on Friday. The stock has a 50 day moving average price of $32.71 and a 200 day moving average price of $29.15. The firm has a market capitalization of $4.80 billion, a P/E 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 earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $270.04 million during the quarter, compared to analyst estimates of $269.52 million. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 earnings per share. As a group, sell-side analysts forecast that Box, Inc. will post 0.23 EPS for the current year.

Institutional Trading of BOX

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in BOX by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock worth $106,387,000 after purchasing an additional 13,028 shares during the period. MML Investors Services LLC bought a new position in shares of BOX during the 3rd quarter worth $266,000. XTX Topco Ltd increased its stake in shares of BOX by 17.8% during the third quarter. XTX Topco Ltd now owns 38,002 shares of the software maker’s stock valued at $1,244,000 after buying an additional 5,736 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in shares of BOX by 1.9% in the third quarter. Kovitz Investment Group Partners LLC now owns 86,012 shares of the software maker’s stock valued at $2,781,000 after acquiring an additional 1,607 shares in the last quarter. Finally, Whitebox Advisors LLC purchased a new stake in BOX in the third quarter worth about $1,450,000. Institutional investors own 86.74% of the company’s stock.

Analysts Set New Price Targets

BOX has been the subject of several research reports. Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a research report on Friday, August 16th. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. UBS Group lifted their price target on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. William Blair reissued an “outperform” rating on shares of BOX in a research note on Thursday. Finally, Citigroup raised their price objective on BOX from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.