Box, Inc. (NYSE:BOX) CFO Sells $349,180.00 in Stock

Box, Inc. (NYSE:BOXGet Rating) CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $26.86, for a total transaction of $349,180.00. Following the completion of the transaction, the chief financial officer now owns 1,369,137 shares of the company’s stock, valued at $36,775,019.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

BOX Trading Up 3.2 %

BOX stock opened at $28.00 on Tuesday. The firm has a 50-day moving average of $28.07 and a 200-day moving average of $27.78. The firm has a market cap of $4.03 billion, a P/E ratio of -107.69 and a beta of 1.16. Box, Inc. has a 1-year low of $22.18 and a 1-year high of $33.04.

BOX (NYSE:BOXGet Rating) last issued its quarterly earnings data on Wednesday, August 24th. The software maker reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $246.00 million during the quarter, compared to analysts’ expectations of $245.77 million. During the same quarter last year, the business earned ($0.06) earnings per share. The business’s quarterly revenue was up 14.7% on a year-over-year basis. Research analysts forecast that Box, Inc. will post -0.15 earnings per share for the current fiscal year.

Institutional Trading of BOX

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fairfield Bush & CO. purchased a new stake in BOX in the first quarter worth about $29,000. Spire Wealth Management lifted its holdings in BOX by 1,000.0% in the first quarter. Spire Wealth Management now owns 1,100 shares of the software maker’s stock worth $32,000 after buying an additional 1,000 shares during the period. Harbor Investment Advisory LLC lifted its holdings in BOX by 61.0% in the second quarter. Harbor Investment Advisory LLC now owns 1,275 shares of the software maker’s stock worth $32,000 after buying an additional 483 shares during the period. Trust Co. of Vermont bought a new position in shares of BOX during the second quarter valued at approximately $40,000. Finally, Signaturefd LLC increased its stake in shares of BOX by 33.9% during the first quarter. Signaturefd LLC now owns 1,422 shares of the software maker’s stock valued at $41,000 after purchasing an additional 360 shares in the last quarter. 86.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Friday. KeyCorp assumed coverage on shares of BOX in a research note on Monday. They issued an “overweight” rating for the company. Citigroup assumed coverage on shares of BOX in a research note on Thursday, September 1st. They issued a “buy” rating and a $34.00 price target for the company. Raymond James boosted their price target on shares of BOX from $30.00 to $35.00 in a research note on Thursday, August 25th. Finally, Craig Hallum lowered their price target on shares of BOX to $41.00 in a research note on Thursday, May 26th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.30.

About BOX

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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 collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations.

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