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

Box, Inc. (NYSE:BOX - Get Free Report) Director Dana L. Evan sold 7,590 shares of the company's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $33.51, for a total transaction of $254,340.90. Following the transaction, the director directly owned 115,725 shares in the company, valued at approximately $3,877,944.75. This trade represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

BOX Trading Down 1.5%

Shares of BOX stock traded down $0.51 during trading hours on Thursday, hitting $33.22. The company's stock had a trading volume of 1,811,457 shares, compared to its average volume of 1,959,519. The business has a fifty day moving average of $33.93 and a 200-day moving average of $32.54. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 25.75 and a beta of 0.90. Box, Inc. has a twelve month low of $24.63 and a twelve month high of $38.80.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The software maker reported $0.30 EPS for the quarter, beating 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 net margin of 21.38% and a negative return on equity of 20.17%. The company's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 earnings per share. On average, equities analysts expect that Box, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BOX has been the topic of a number of research reports. Wall Street Zen cut BOX from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Raymond James Financial restated an "outperform" rating and issued a $42.00 price target (up previously from $38.00) on shares of BOX in a report on Wednesday, May 28th. UBS Group upgraded BOX from a "buy" rating to a "strong-buy" rating and upped their price target for the stock from $37.00 to $40.00 in a report on Wednesday, May 28th. Royal Bank Of Canada upped their price target on BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a report on Wednesday, May 28th. Finally, DA Davidson set a $45.00 price target on BOX and gave the stock a "buy" rating in a report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.50.

Hedge Funds Weigh In On BOX

A number of large investors have recently bought and sold shares of the stock. Beverly Hills Private Wealth LLC raised its stake in BOX by 3.2% during the first quarter. Beverly Hills Private Wealth LLC now owns 11,550 shares of the software maker's stock worth $356,000 after purchasing an additional 362 shares during the period. Farther Finance Advisors LLC raised its stake in BOX by 19.3% during the fourth quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock worth $81,000 after purchasing an additional 417 shares during the period. TCTC Holdings LLC raised its stake in 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. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in BOX by 1.2% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 40,250 shares of the software maker's stock worth $1,242,000 after purchasing an additional 482 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in BOX by 2.8% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,155 shares of the software maker's stock worth $574,000 after purchasing an additional 486 shares during the period. Hedge funds and other institutional investors own 86.74% of the company's stock.

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.

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