Box, Inc. (NYSE:BOX) Director Sells $2,091,944.00 in Stock

Box, Inc. (NYSE:BOX) Director Daniel J. Levin sold 73,660 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $28.40, for a total transaction of $2,091,944.00. Following the transaction, the director now owns 43,940 shares of the company’s stock, valued at approximately $1,247,896. The transaction was disclosed in a document filed with the SEC, which is available at this link.

BOX Stock Up 0.4 %

Shares of BOX stock opened at $28.40 on Thursday. Box, Inc. has a 12 month low of $23.29 and a 12 month high of $31.94. The business’s 50 day moving average is $27.18 and its two-hundred day moving average is $25.89. The company has a market cap of $4.10 billion, a PE ratio of 42.39, a price-to-earnings-growth ratio of 8.64 and a beta of 0.83.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, March 5th. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.07. The business had revenue of $262.88 million for the quarter, compared to the consensus estimate of $262.92 million. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. As a group, equities analysts expect that Box, Inc. will post 0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BOX has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of BOX from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. JMP Securities reissued a “market outperform” rating and issued a $32.00 price target on shares of BOX in a research report on Wednesday, March 20th. KeyCorp dropped their price objective on BOX from $33.00 to $30.00 and set an “overweight” rating on the stock in a report on Wednesday, December 6th. Finally, Citigroup increased their price objective on BOX from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, BOX currently has an average rating of “Moderate Buy” and a consensus target price of $30.89.

Institutional Investors Weigh In On BOX

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fairfield Bush & CO. bought a new position in BOX in the first quarter worth $29,000. Cambridge Investment Research Advisors Inc. bought a new position in BOX in the first quarter worth $206,000. Natixis Advisors L.P. lifted its position in BOX by 54.5% in the first quarter. Natixis Advisors L.P. now owns 22,540 shares of the software maker’s stock worth $655,000 after purchasing an additional 7,953 shares during the period. MetLife Investment Management LLC lifted its position in BOX by 55.3% in the first quarter. MetLife Investment Management LLC now owns 74,326 shares of the software maker’s stock worth $2,160,000 after purchasing an additional 26,459 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in BOX by 18.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,091,273 shares of the software maker’s stock worth $31,713,000 after purchasing an additional 170,949 shares during the period. Institutional investors and hedge funds 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.