BOX Target of Unusually Large Options Trading (NYSE:BOX)

Box, Inc. (NYSE:BOX - Get Free Report) was the target of unusually large options trading on Wednesday. Investors acquired 7,181 call options on the stock. This is an increase of 626% compared to the typical volume of 989 call options.

Analyst Ratings Changes

BOX has been the subject of a number of research analyst reports. Morgan Stanley reissued a "positive" rating on shares of BOX in a report on Wednesday. Raymond James reissued an "outperform" rating and issued a $42.00 price objective (up from $38.00) on shares of BOX in a research note on Wednesday. UBS Group upgraded BOX from a "buy" rating to a "strong-buy" rating and raised their price objective for the company from $37.00 to $40.00 in a report on Wednesday. DA Davidson set a $45.00 target price on shares of BOX and gave the stock a "buy" rating in a report on Wednesday. Finally, Royal Bank of Canada increased their target price on shares of BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $38.50.

Insider Transactions at BOX

In related news, COO Olivia Nottebohm sold 1,332 shares of BOX stock in a transaction on Monday, April 7th. The shares were sold at an average price of $29.01, for a total value of $38,641.32. Following the sale, the chief operating officer now owns 492,545 shares of the company's stock, valued at approximately $14,288,730.45. This trade represents a 0.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Eli Berkovitch sold 2,750 shares of the company's stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $29.58, for a total transaction of $81,345.00. Following the transaction, the vice president now owns 121,922 shares of the company's stock, valued at $3,606,452.76. This represents a 2.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,377 shares of company stock valued at $2,060,714 in the last three months. 3.90% of the stock is currently owned by company insiders.

Institutional Trading of BOX

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

BOX Trading Up 1.3%

NYSE BOX traded up $0.49 on Friday, reaching $37.84. 3,948,945 shares of the company were exchanged, compared to its average volume of 1,909,790. The business's fifty day moving average price is $31.19 and its 200 day moving average price is $32.17. The stock has a market capitalization of $5.44 billion, a P/E ratio of 47.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.94. BOX has a fifty-two week low of $24.63 and a fifty-two week high of $37.96.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. BOX had a net margin of 13.96% and a negative return on equity of 17.20%. The firm had revenue of $276.27 million for the quarter, compared to analysts' expectations of $274.77 million. During the same quarter in the previous year, the company posted $0.39 EPS. The company's revenue was up 4.4% compared to the same quarter last year. Equities research analysts forecast that BOX will post 0.27 earnings per share for the current year.

BOX declared that its board has authorized a stock repurchase plan on Tuesday, March 4th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the software maker to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.