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. 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, 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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