Box, Inc. (NYSE:BOX) VP Sells $223,334.80 in Stock

Box, Inc. (NYSE:BOX - Get Free Report) VP Eli Berkovitch sold 5,924 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $37.70, for a total value of $223,334.80. Following the transaction, the vice president now owns 138,770 shares of the company's stock, valued at $5,231,629. The trade was a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Eli Berkovitch also recently made the following trade(s):

• On Thursday, April 10th, Eli Berkovitch sold 2,750 shares of BOX stock. The stock was sold at an average price of $29.58, for a total value of $81,345.00.
• On Monday, March 24th, Eli Berkovitch sold 5,651 shares of BOX stock. The stock was sold at an average price of $30.66, for a total value of $173,259.66.

BOX Price Performance

NYSE:BOX traded down $0.54 during trading hours on Friday, reaching $37.39. 2,330,600 shares of the stock were exchanged, compared to its average volume of 1,931,323. Box, Inc. has a twelve month low of $24.63 and a twelve month high of $38.80. The firm has a 50 day moving average of $31.87 and a 200 day moving average of $32.33. The stock has a market cap of $5.38 billion, a PE ratio of 46.74, a PEG ratio of 4.42 and a beta of 0.94.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.05. BOX had a negative return on equity of 17.20% and a net margin of 13.96%. The firm had revenue of $276.27 million during the quarter, compared to the consensus estimate of $274.77 million. During the same quarter in the prior year, the firm posted $0.39 EPS. The business's revenue was up 4.4% on a year-over-year basis. Equities research analysts anticipate that Box, Inc. will post 0.27 earnings per share for the current year.

BOX declared that its board has authorized a share repurchase program on Tuesday, March 4th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the software maker to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Hedge Funds Weigh In On BOX

A number of large investors have recently bought and sold shares of BOX. Arrowstreet Capital Limited Partnership boosted its position in BOX by 103.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker's stock worth $107,009,000 after acquiring an additional 1,725,197 shares during the last quarter. Norges Bank bought a new stake in shares of BOX during the 4th quarter worth approximately $29,973,000. Jupiter Asset Management Ltd. bought a new stake in shares of BOX during the 4th quarter worth approximately $24,234,000. Fisher Asset Management LLC raised its stake in shares of BOX by 420.6% during the 4th quarter. Fisher Asset Management LLC now owns 857,498 shares of the software maker's stock worth $27,097,000 after purchasing an additional 692,784 shares in the last quarter. Finally, Sunriver Management LLC raised its stake in shares of BOX by 62.9% during the 1st quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker's stock worth $47,736,000 after purchasing an additional 597,410 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Raymond James reiterated an "outperform" rating and issued a $42.00 price objective (up from $38.00) on shares of BOX in a research report on Wednesday, May 28th. Royal Bank of Canada boosted their price objective on BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a research report on Wednesday, May 28th. Morgan Stanley reiterated a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. Wall Street Zen upgraded BOX from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. boosted their price objective on BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently 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.