Box, Inc. (NYSE:BOX) Director Dana L. Evan Sells 7,590 Shares

Box, Inc. (NYSE:BOX - Get Free Report) Director Dana L. Evan sold 7,590 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $33.51, for a total transaction of $254,340.90. Following the completion of the sale, the director owned 115,725 shares in the company, valued at $3,877,944.75. This represents a 6.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

BOX Stock Down 1.6%

BOX traded down $0.53 during trading on Friday, hitting $32.68. The company's stock had a trading volume of 693,911 shares, compared to its average volume of 1,956,692. Box, Inc. has a twelve month low of $25.25 and a twelve month high of $38.80. The stock's fifty day moving average price is $33.97 and its 200-day moving average price is $32.54. The firm has a market capitalization of $4.70 billion, a P/E ratio of 25.33 and a beta of 0.90.

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

Hedge Funds Weigh In On BOX

A number of institutional investors have recently modified their holdings of BOX. TCTC Holdings LLC raised its position in shares of BOX by 115.4% during the first quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock worth $25,000 after purchasing an additional 442 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of 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 purchasing an additional 665 shares during the period. MorganRosel Wealth Management LLC acquired a new position in shares of BOX during the first quarter worth approximately $31,000. Geneos Wealth Management Inc. acquired a new position in shares of BOX during the first quarter worth approximately $31,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of BOX by 692.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,316 shares of the software maker's stock worth $45,000 after purchasing an additional 1,150 shares during the period. 86.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BOX. Wall Street Zen downgraded shares of BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Raymond James Financial reissued an "outperform" rating and set a $42.00 price objective (up from $38.00) on shares of BOX in a report on Wednesday, May 28th. Royal Bank Of Canada increased their price target on shares of BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a research report on Wednesday, May 28th. UBS Group raised shares of BOX from a "buy" rating to a "strong-buy" rating and raised their price target for the stock 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 company a "buy" rating in a 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $38.50.

BOX Company Profile

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.