Zacks Investment Research lowered shares of BOX (NYSE:BOX) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

According to Zacks, “Box’s top line has been gaining traction driven by strength across international markets, growing add-on products and positive contribution from its strategic partnership with Microsoft. The company is currently working on enriching its cloud content management and AI platforms. It made some notable partnership extensions in this regard in fiscal third-quarter 2018 with Apple and Microsoft. Box has a rich technology partner ecosystem and it rides on strong free cash flow, billings and retention rate. On the negative side, the company has been incurring losses since its inception and does not expect profits in the foreseeable future. In past 12 months, the stock has underperformed the industry it belongs to.”

Other analysts have also recently issued research reports about the stock. Vetr upgraded shares of BOX from a buy rating to a strong-buy rating and set a $25.42 price target for the company in a research note on Wednesday, November 29th. JMP Securities increased their price target on shares of BOX to $25.00 and gave the company an outperform rating in a research note on Thursday, November 30th. Oppenheimer reiterated a buy rating and issued a $24.00 price target on shares of BOX in a research note on Thursday, November 30th. Canaccord Genuity reiterated a buy rating and issued a $25.00 price target on shares of BOX in a research note on Thursday, November 30th. Finally, Drexel Hamilton reiterated a buy rating and issued a $28.00 price target on shares of BOX in a research note on Monday, November 27th. One analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. BOX currently has a consensus rating of Buy and a consensus price target of $24.24.

BOX (BOX) opened at $20.37 on Tuesday. BOX has a 12-month low of $15.73 and a 12-month high of $24.10. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.00 and a quick ratio of 1.00.

BOX (NYSE:BOX) last released its earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share for the quarter, meeting analysts’ consensus estimates 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 313.90%. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.14) earnings per share. research analysts expect that BOX will post -1.17 EPS for the current fiscal year.

In other news, Director Rory O’driscoll sold 600,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $20.50, for a total transaction of $12,300,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $20.42, for a total transaction of $265,460.00. Following the sale, the chief financial officer now owns 13,000 shares of the company’s stock, valued at approximately $265,460. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,065,309 shares of company stock valued at $43,227,222. 20.59% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp lifted its stake in shares of BOX by 56.7% during the 2nd quarter. State Street Corp now owns 1,372,520 shares of the software maker’s stock worth $25,034,000 after buying an additional 496,588 shares during the last quarter. Baltimore Washington Financial Advisors Inc. increased its position in BOX by 12.1% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 186,385 shares of the software maker’s stock worth $3,601,000 after acquiring an additional 20,160 shares during the period. Bares Capital Management Inc. increased its position in BOX by 10.1% during the third quarter. Bares Capital Management Inc. now owns 6,391,461 shares of the software maker’s stock worth $123,483,000 after acquiring an additional 588,875 shares during the period. Emerald Advisers Inc. PA increased its position in BOX by 46.2% during the third quarter. Emerald Advisers Inc. PA now owns 865,810 shares of the software maker’s stock worth $16,727,000 after acquiring an additional 273,410 shares during the period. Finally, Outfitter Advisors LTD. bought a new position in BOX during the third quarter worth about $799,000. Institutional investors own 62.02% of the company’s stock.

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BOX Company Profile

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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