Insider Selling: Box, Inc. (NYSE:BOX) VP Sells 3,000 Shares of Stock

Box, Inc. (NYSE:BOX - Get Free Report) VP Eli Berkovitch sold 3,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $33.34, for a total value of $100,020.00. Following the completion of the sale, the vice president owned 133,867 shares in the company, valued at approximately $4,463,125.78. The trade was a 2.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Eli Berkovitch also recently made the following trade(s):

• On Friday, May 30th, Eli Berkovitch sold 5,924 shares of BOX stock. The stock was sold at an average price of $37.70, for a total value of $223,334.80.

BOX Stock Performance

Shares of NYSE:BOX traded down $0.16 during midday trading on Tuesday, hitting $32.39. 340,436 shares of the company's stock traded hands, compared to its average volume of 1,958,074. The company has a market cap of $4.66 billion, a PE ratio of 25.09 and a beta of 0.90. The firm's fifty day moving average price is $34.00 and its two-hundred day moving average price is $32.55. Box, Inc. has a twelve month low of $25.96 and a twelve month high of $38.80.

BOX (NYSE:BOX - Get Free Report) last issued its earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. BOX had a net margin of 21.38% and a negative return on equity of 20.17%. The business had revenue of $276.27 million for the quarter, compared to analyst estimates of $274.77 million. During the same quarter in the prior year, the business posted $0.39 EPS. The company's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities research analysts anticipate that Box, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BOX shares. DA Davidson set a $45.00 price objective on BOX and gave the stock a "buy" rating 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, June 29th. UBS Group raised shares of BOX from a "buy" rating to a "strong-buy" rating and raised their price target for the company from $37.00 to $40.00 in a research note on Wednesday, May 28th. Royal Bank Of Canada lifted their price objective on BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a report on Wednesday, May 28th. Finally, Raymond James Financial restated an "outperform" rating and set a $42.00 target price (up from $38.00) on shares of BOX in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $38.50.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Earnest Partners LLC lifted its position in shares of BOX by 2.1% in the 4th quarter. Earnest Partners LLC now owns 7,896,931 shares of the software maker's stock valued at $249,543,000 after acquiring an additional 162,437 shares in the last quarter. RGM Capital LLC raised its holdings in shares of BOX by 9.3% during the 1st quarter. RGM Capital LLC now owns 3,749,773 shares of the software maker's stock valued at $115,718,000 after purchasing an additional 318,459 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in BOX by 103.9% in the 4th 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 last quarter. Sei Investments Co. grew its stake in BOX by 8.4% in the 4th 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 BOX by 0.4% in the 4th 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. Institutional investors and hedge funds own 86.74% of the company's stock.

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.