Box, Inc. (NYSE:BOX) Director Sells $254,340.90 in Stock

Box, Inc. (NYSE:BOX - Get Free Report) Director Dana L. Evan sold 7,590 shares of the business's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $33.51, for a total value of $254,340.90. Following the completion of the sale, the director directly owned 115,725 shares of the company's stock, valued at $3,877,944.75. The trade was a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

BOX Price Performance

NYSE BOX traded down $0.82 on Friday, hitting $32.39. 2,146,662 shares of the company's stock were exchanged, compared to its average volume of 1,964,274. The firm's 50-day moving average price is $34.00 and its two-hundred day moving average price is $32.55. Box, Inc. has a fifty-two week low of $25.96 and a fifty-two week high of $38.80. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 25.11 and a beta of 0.90.

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

Institutional Investors Weigh In On BOX

Several institutional investors have recently modified their holdings of the company. Abacus FCF Advisors LLC lifted its stake in BOX by 1.7% in the 2nd quarter. Abacus FCF Advisors LLC now owns 93,128 shares of the software maker's stock valued at $3,182,000 after buying an additional 1,596 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in BOX by 4.3% in the 2nd quarter. Exchange Traded Concepts LLC now owns 58,536 shares of the software maker's stock valued at $2,000,000 after buying an additional 2,401 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in BOX in the 2nd quarter valued at approximately $256,000. Longboard Asset Management LP purchased a new stake in BOX in the 2nd quarter valued at approximately $277,000. Finally, Sivia Capital Partners LLC purchased a new stake in BOX in the 2nd quarter valued at approximately $484,000. Hedge funds and other institutional investors own 86.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BOX shares. UBS Group raised BOX from a "buy" rating to a "strong-buy" rating and boosted their target price for the company from $37.00 to $40.00 in a report on Wednesday, May 28th. DA Davidson set a $45.00 target price on BOX and gave the company a "buy" rating in a report on Wednesday, May 28th. JPMorgan Chase & Co. boosted their target price on BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. Wall Street Zen downgraded BOX from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Finally, Royal Bank Of Canada boosted their price target on BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a research report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $38.50.

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.