Box, Inc. (NYSE:BOX) Director Jack R. Lazar Sells 2,500 Shares

Box, Inc. (NYSE:BOX) Director Jack R. Lazar sold 2,500 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total value of $86,875.00. Following the completion of the sale, the director now owns 26,697 shares of the company’s stock, valued at approximately $927,720.75. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

BOX Stock Down 2.0 %

Shares of BOX traded down $0.67 during mid-day trading on Friday, reaching $33.61. The company had a trading volume of 323,737 shares, compared to its average volume of 1,984,966. The stock has a 50 day moving average of $32.68 and a two-hundred day moving average of $29.08. The stock has a market capitalization of $4.81 billion, a P/E ratio of 43.39 and a beta of 0.85. Box, Inc. has a 52-week low of $23.29 and a 52-week high of $35.07.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The business had revenue of $270.04 million for the quarter, compared to analysts’ expectations of $269.52 million. During the same quarter last year, the company earned $0.01 EPS. The business’s revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts expect that Box, Inc. will post 0.23 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quarry LP boosted its position in BOX by 324.6% during the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after purchasing an additional 1,084 shares in the last quarter. GAMMA Investing LLC grew its stake in BOX by 143.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after acquiring an additional 787 shares during the period. Toronto Dominion Bank purchased a new stake in BOX in the 2nd quarter worth $53,000. Nisa Investment Advisors LLC raised its position in BOX by 31.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after acquiring an additional 632 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in BOX by 245.4% during the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after purchasing an additional 1,536 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Analyst Ratings Changes

BOX has been the subject of several research analyst reports. Morgan Stanley increased their price objective on shares of BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 price target on shares of BOX in a report on Wednesday, August 28th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. UBS Group raised their target price on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Finally, Citigroup boosted their price target on BOX from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.22.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.