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

Box, Inc. (NYSE:BOX) 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 transaction, the chief executive officer directly owned 2,952,030 shares of the company’s stock, valued at $98,450,200.50. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BOX Trading Up 0.4%

Shares of NYSE BOX opened at $32.54 on Tuesday. The firm’s 50-day moving average price is $34.00 and its 200-day moving average price is $32.55. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 25.23 and a beta of 0.90. Box, Inc. has a 12-month low of $25.96 and a 12-month high of $38.80.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, May 27th. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.05. The business had revenue of $276.27 million during the quarter, compared to the consensus estimate of $274.77 million. BOX had a net margin of 21.38% and a negative return on equity of 20.17%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. On average, equities analysts predict that Box, Inc. will post 0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on BOX. Wall Street Zen downgraded shares of BOX from a “buy” rating to a “hold” rating in a report on Sunday, June 29th. JPMorgan Chase & Co. increased their price objective on shares of BOX from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, May 28th. UBS Group raised shares of BOX from a “buy” rating to a “strong-buy” rating and increased their price objective for the company from $37.00 to $40.00 in a report on Wednesday, May 28th. Royal Bank Of Canada upped their target price on shares of BOX from $21.00 to $24.00 and gave the company an “underperform” rating in a research report on Wednesday, May 28th. Finally, Morgan Stanley restated a “positive” rating on shares of BOX in a research report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.50.

Institutional Trading of BOX

Institutional investors have recently added to or reduced their stakes in the company. TCTC Holdings LLC lifted its stake in BOX by 115.4% in the first quarter. TCTC Holdings LLC now owns 825 shares of the software maker’s stock worth $25,000 after purchasing an additional 442 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of BOX by 332.5% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker’s stock worth $27,000 after acquiring an additional 665 shares during the period. MorganRosel Wealth Management LLC purchased a new position in shares of BOX during the first quarter worth approximately $31,000. Geneos Wealth Management Inc. purchased a new position in shares of BOX during the first quarter worth approximately $31,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of BOX by 692.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,316 shares of the software maker’s stock worth $45,000 after acquiring an additional 1,150 shares during the period. Institutional investors own 86.74% of the company’s stock.

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.