Box, Inc. (NYSE:BOX - Get Free Report) CEO Aaron Levie sold 15,000 shares of the company's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $33.35, for a total value of $500,250.00. Following the sale, the chief executive officer owned 2,952,030 shares of the company's stock, valued at approximately $98,450,200.50. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
BOX Stock Up 0.2%
Shares of BOX stock traded up $0.06 during mid-day trading on Thursday, reaching $32.50. The stock had a trading volume of 1,387,224 shares, compared to its average volume of 1,971,912. The firm's 50 day simple moving average is $34.10 and its 200 day simple moving average is $32.56. Box, Inc. has a one year low of $25.96 and a one year high of $38.80. The firm has a market cap of $4.67 billion, a PE ratio of 25.19 and a beta of 0.90.
BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings data on Tuesday, May 27th. The software maker reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.05. BOX had a negative return on equity of 20.17% and a net margin of 21.38%. The company had revenue of $276.27 million during the quarter, compared to the consensus estimate of $274.77 million. During the same quarter last year, the company earned $0.39 EPS. The company's quarterly revenue was up 4.4% on a year-over-year basis. Sell-side analysts forecast that Box, Inc. will post 0.27 earnings per share for the current fiscal year.
Institutional Trading of BOX
A number of hedge funds have recently modified their holdings of BOX. Raymond James Financial Inc. acquired a new position in shares of BOX in the 4th quarter worth approximately $8,405,000. Amundi raised its holdings in shares of BOX by 41.2% in the 4th quarter. Amundi now owns 170,619 shares of the software maker's stock worth $5,344,000 after buying an additional 49,780 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of BOX by 14.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,427 shares of the software maker's stock worth $1,119,000 after buying an additional 4,588 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of BOX by 19.3% in the 4th quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock worth $81,000 after buying an additional 417 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of BOX by 7.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 9,887 shares of the software maker's stock worth $312,000 after buying an additional 659 shares in the last quarter. Institutional investors own 86.74% of the company's stock.
Analyst Ratings Changes
Several analysts have recently issued reports on BOX shares. JPMorgan Chase & Co. upped their price target on BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note 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 research note on Wednesday, May 28th. Morgan Stanley restated a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. DA Davidson set a $45.00 target price on BOX and gave the company a "buy" rating in a research note on Wednesday, May 28th. Finally, Wall Street Zen downgraded BOX from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. One 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $38.50.
Read Our Latest Stock Analysis on BOX
BOX Company Profile
(
Get Free Report)
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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