Box, Inc. (NYSE:BOX) was the target of unusually large options trading activity on Monday. Traders purchased 3,377 put options on the stock. This is an increase of 2,122% compared to the typical daily volume of 152 put options.

A number of brokerages recently weighed in on BOX. Drexel Hamilton reaffirmed a “buy” rating and issued a $28.00 price target on shares of BOX in a research note on Monday, November 27th. Vetr raised shares of BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 price target on the stock in a research note on Wednesday. JMP Securities raised their price target on shares of BOX to $25.00 and gave the company an “outperform” rating in a research note on Thursday. Oppenheimer reaffirmed a “buy” rating and issued a $24.00 price target on shares of BOX in a research note on Thursday. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $25.00 price target on shares of BOX in a research note on Thursday. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $24.24.

Shares of BOX (NYSE:BOX) opened at $20.89 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.58. BOX has a 1-year low of $13.56 and a 1-year high of $24.10.

BOX (NYSE:BOX) last announced its quarterly earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.13). The business had revenue of $129.30 million during the quarter, compared to the consensus estimate of $128.67 million. BOX had a negative net margin of 33.20% and a negative return on equity of 270.51%. The business’s revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.14) EPS. equities analysts forecast that BOX will post -1.15 EPS for the current fiscal year.

In related news, President Daniel J. Levin sold 57,444 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $18.43, for a total value of $1,058,692.92. Following the transaction, the president now directly owns 3,752 shares of the company’s stock, valued at approximately $69,149.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel J. Levin sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $21.73, for a total transaction of $651,900.00. Following the completion of the transaction, the director now directly owns 5,790 shares in the company, valued at $125,816.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 969,534 shares of company stock worth $18,204,431. Corporate insiders own 22.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. increased its holdings in shares of BOX by 81.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock worth $126,000 after buying an additional 3,092 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in BOX in the 2nd quarter valued at approximately $155,000. BNP Paribas Arbitrage SA increased its holdings in BOX by 843.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock valued at $178,000 after purchasing an additional 8,749 shares during the last quarter. StepStone Group LP acquired a new stake in BOX in the 2nd quarter valued at approximately $180,000. Finally, Amalgamated Bank acquired a new stake in BOX in the 2nd quarter valued at approximately $183,000. Institutional investors and hedge funds own 63.44% of the company’s stock.

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About BOX

Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.

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