Insider Selling: Box, Inc. (NYSE:BOX) CEO Sells 15,000 Shares of Stock

Box, Inc. (NYSE:BOX - Get Free Report) CEO Aaron Levie sold 15,000 shares of the stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $33.35, for a total transaction of $500,250.00. Following the completion of the transaction, the chief executive officer owned 2,952,030 shares of the company's stock, valued at $98,450,200.50. This represents a 0.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

BOX Trading Up 0.4%

BOX stock traded up $0.14 on Monday, hitting $32.54. 2,049,290 shares of the company's stock traded hands, compared to its average volume of 1,970,724. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 25.23 and a beta of 0.90. Box, Inc. has a 1-year low of $25.96 and a 1-year high of $38.80. The stock has a fifty day moving average of $34.00 and a 200-day moving average of $32.55.

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, beating analysts' consensus estimates of $0.25 by $0.05. The company had revenue of $276.27 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS. On average, equities research analysts anticipate that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BOX

Several hedge funds have recently modified their holdings of BOX. Raymond James Financial Inc. purchased a new stake in BOX during the fourth quarter valued at about $8,405,000. Amundi raised its position in BOX by 41.2% during the fourth quarter. Amundi now owns 170,619 shares of the software maker's stock valued at $5,344,000 after buying an additional 49,780 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of BOX by 14.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,427 shares of the software maker's stock worth $1,119,000 after purchasing an additional 4,588 shares in the last quarter. Farther Finance Advisors LLC lifted its position in 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 boosted its position in BOX by 7.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 9,887 shares of the software maker's stock valued at $312,000 after purchasing an additional 659 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. DA Davidson set a $45.00 price target on shares of BOX and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Royal Bank Of Canada raised their price objective on shares of BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a research note on Wednesday, May 28th. Wall Street Zen downgraded BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Raymond James Financial reaffirmed an "outperform" rating and set a $42.00 price target (up from $38.00) on shares of BOX in a research note on Wednesday, May 28th. Finally, UBS Group upgraded BOX from a "buy" rating to a "strong-buy" rating and lifted their price target for the company from $37.00 to $40.00 in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, BOX has an average rating of "Moderate Buy" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.