Bethany Mayer Sells 5,123 Shares of Box, Inc. (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) Director Bethany Mayer sold 5,123 shares of the business’s stock in a transaction on Monday, June 30th. The shares were sold at an average price of $34.06, for a total transaction of $174,489.38. Following the transaction, the director owned 15,284 shares in the company, valued at approximately $520,573.04. This represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

BOX Price Performance

BOX stock opened at $32.81 on Thursday. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 25.43 and a beta of 0.90. The firm has a fifty day moving average price of $33.70 and a two-hundred day moving average price of $32.49. Box, Inc. has a fifty-two week low of $24.63 and a fifty-two week high of $38.80.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. The firm had revenue of $276.27 million during the quarter, compared to the consensus estimate of $274.77 million. BOX had a negative return on equity of 20.17% and a net margin of 21.38%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 EPS. As a group, sell-side analysts expect that Box, Inc. will post 0.27 earnings per share for the current year.

Analyst Ratings Changes

BOX has been the subject of a number of research reports. Raymond James Financial reissued an “outperform” rating and set a $42.00 price objective (up previously from $38.00) on shares of BOX in a research report on Wednesday, May 28th. DA Davidson set a $45.00 price target on BOX and gave the company a “buy” rating in a report on Wednesday, May 28th. Morgan Stanley restated a “positive” rating on shares of BOX in a report on Wednesday, May 28th. Wall Street Zen lowered shares of BOX from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, JPMorgan Chase & Co. boosted their target price on shares of BOX from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, BOX presently has a consensus rating of “Moderate Buy” and an average price target of $38.50.

Institutional Investors Weigh In On BOX

Hedge funds and other institutional investors have recently modified their holdings of the stock. TCTC Holdings LLC boosted its holdings in BOX by 115.4% in the 1st quarter. TCTC Holdings LLC now owns 825 shares of the software maker’s stock valued at $25,000 after purchasing an additional 442 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of BOX by 332.5% in the 1st 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 acquired a new stake in shares of BOX during the 1st quarter worth approximately $31,000. Geneos Wealth Management Inc. bought a new stake in shares of BOX during the first quarter valued at approximately $31,000. Finally, Versant Capital Management Inc increased its position in shares of BOX by 519.4% during the first quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker’s stock valued at $60,000 after purchasing an additional 1,636 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

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.