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 firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.89, for a total transaction of $427,570.00. Following the completion of the transaction, the chief financial officer now directly owns 1,500,661 shares of the company’s stock, valued at $49,356,740.29. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

BOX Stock Performance

Shares of BOX stock opened at $33.29 on Friday. Box, Inc. has a 52-week low of $23.29 and a 52-week high of $33.45. The company has a fifty day moving average of $28.67 and a 200-day moving average of $27.60. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 45.60 and a beta of 0.85.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The business 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 company’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 earnings per share. On average, equities research analysts forecast that Box, Inc. will post 0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BOX has been the subject of several research analyst reports. Citigroup lifted 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. Royal Bank of Canada reiterated an “underperform” rating and set a $21.00 price target on shares of BOX in a research report on Wednesday, August 28th. UBS Group upped their price objective on shares of BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Oppenheimer reiterated an “outperform” rating and set a $35.00 target price on shares of BOX in a research report on Wednesday, May 29th. Finally, Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $31.22.

Hedge Funds Weigh In On BOX

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new stake in BOX in the second quarter valued at approximately $762,000. Teachers Retirement System of The State of Kentucky raised its holdings in BOX by 25.8% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 48,700 shares of the software maker’s stock valued at $1,288,000 after buying an additional 10,000 shares during the last quarter. Quarry LP boosted its position in BOX by 324.6% during the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after buying an additional 1,084 shares during the period. Creative Planning grew its holdings in BOX by 6.0% in the 2nd quarter. Creative Planning now owns 15,112 shares of the software maker’s stock worth $400,000 after acquiring an additional 860 shares during the last quarter. Finally, Algert Global LLC increased its position in shares of BOX by 56.1% in the second quarter. Algert Global LLC now owns 77,850 shares of the software maker’s stock valued at $2,058,000 after acquiring an additional 27,973 shares during the period. 86.74% of the stock is currently owned by institutional investors.

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.