Bethany Mayer Sells 5,123 Shares of Box, Inc. (NYSE:BOX) 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 transaction of $174,489.38. Following the transaction, the director owned 15,284 shares of the company's stock, valued at approximately $520,573.04. The trade was a 25.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

BOX Price Performance

BOX stock traded down $0.44 during midday trading on Tuesday, reaching $33.73. The company had a trading volume of 2,570,324 shares, compared to its average volume of 1,943,756. The firm has a 50-day moving average price of $33.57 and a 200-day moving average price of $32.48. The company has a market capitalization of $4.85 billion, a P/E ratio of 26.15 and a beta of 0.94. Box, Inc. has a 1 year low of $24.63 and a 1 year high of $38.80.

BOX (NYSE:BOX - Get Free Report) last announced its earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.05. The company had revenue of $276.27 million during the quarter, compared to analyst estimates of $274.77 million. BOX had a net margin of 21.38% and a negative return on equity of 20.17%. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. On average, equities analysts predict that Box, Inc. will post 0.27 EPS for the current year.

BOX declared that its board has initiated a share repurchase program on Tuesday, March 4th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the software maker to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. DA Davidson set a $45.00 price objective on BOX and gave the stock a "buy" rating in a report on Wednesday, May 28th. Morgan Stanley reiterated a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. Wall Street Zen cut BOX from a "buy" rating to a "hold" rating in a report on Sunday. Raymond James Financial reaffirmed an "outperform" rating and set a $42.00 target price (up previously from $38.00) on shares of BOX in a report on Wednesday, May 28th. Finally, Royal Bank Of Canada increased their price objective on BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, BOX presently has a consensus rating of "Moderate Buy" and an average price target of $38.50.

Hedge Funds Weigh In On BOX

Several institutional investors have recently modified their holdings of the company. Earnest Partners LLC boosted its stake in BOX by 2.1% in the fourth quarter. Earnest Partners LLC now owns 7,896,931 shares of the software maker's stock worth $249,543,000 after buying an additional 162,437 shares in the last quarter. RGM Capital LLC lifted its stake in BOX by 9.3% in the first quarter. RGM Capital LLC now owns 3,749,773 shares of the software maker's stock worth $115,718,000 after purchasing an additional 318,459 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in BOX by 103.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker's stock valued at $107,009,000 after buying an additional 1,725,197 shares during the period. Sei Investments Co. grew its stake in shares of BOX by 8.4% during the fourth quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker's stock valued at $103,857,000 after buying an additional 255,623 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of BOX by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,610,450 shares of the software maker's stock valued at $82,492,000 after buying an additional 11,376 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.

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.

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