Insider Selling: Box, Inc. (NYSE:BOX) Director Sells 5,123 Shares of Stock

Box, Inc. (NYSE:BOX - Get Free Report) Director Bethany Mayer sold 5,123 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $34.06, for a total value of $174,489.38. Following the completion of the sale, the director owned 15,284 shares of the company's stock, valued at approximately $520,573.04. This trade represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

BOX Stock Up 1.3%

Shares of BOX traded up $0.44 during mid-day trading on Friday, reaching $33.26. The company had a trading volume of 1,312,193 shares, compared to its average volume of 1,954,881. The stock has a market capitalization of $4.78 billion, a P/E ratio of 25.78 and a beta of 0.90. The stock has a 50 day moving average of $33.79 and a two-hundred day moving average of $32.51. Box, Inc. has a 52-week low of $24.63 and a 52-week high of $38.80.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings data on Tuesday, May 27th. The software maker reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. The firm had revenue of $276.27 million for the quarter, compared to analysts' expectations of $274.77 million. BOX had a negative return on equity of 20.17% and a net margin of 21.38%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 earnings per share. On average, sell-side analysts expect that Box, Inc. will post 0.27 earnings per share for the current year.

Analyst Ratings Changes

BOX has been the topic of a number of recent analyst reports. Raymond James Financial restated an "outperform" rating and set a $42.00 price target (up previously from $38.00) on shares of BOX in a research note on Wednesday, May 28th. JPMorgan Chase & Co. raised their target price on BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 28th. Royal Bank Of Canada lifted their price target on BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a research report on Wednesday, May 28th. UBS Group upgraded BOX from a "buy" rating to a "strong-buy" rating and boosted their price target for the company from $37.00 to $40.00 in a research note on Wednesday, May 28th. Finally, DA Davidson set a $45.00 price objective on BOX and gave the stock a "buy" rating in a research note on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $38.50.

Hedge Funds Weigh In On BOX

Several large investors have recently made changes to their positions in the stock. TCTC Holdings LLC boosted its holdings in BOX by 115.4% in the first quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock valued at $25,000 after purchasing an additional 442 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of BOX by 332.5% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock valued at $27,000 after acquiring an additional 665 shares during the period. MorganRosel Wealth Management LLC acquired a new stake in BOX in the first quarter valued at about $31,000. Geneos Wealth Management Inc. acquired a new position in BOX during the first quarter worth about $31,000. Finally, Versant Capital Management Inc raised its stake in BOX by 519.4% in the 1st quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker's stock valued at $60,000 after purchasing an additional 1,636 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

About BOX

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.