Box, Inc. (NYSE:BOX)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $24.27, but opened at $22.89. BOX shares last traded at $21.94, with a volume of 87,064 shares trading hands.

BOX has been the topic of several research analyst reports. KeyCorp upped their target price on BOX from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, March 29th. William Blair restated an “outperform” rating on shares of BOX in a research report on Wednesday, March 3rd. Oppenheimer restated a “buy” rating and set a $24.00 target price on shares of BOX in a research report on Wednesday, March 3rd. Finally, DA Davidson upped their target price on BOX from $18.00 to $25.00 in a research report on Tuesday, March 23rd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. BOX currently has an average rating of “Buy” and an average price target of $24.75.

The company has a debt-to-equity ratio of 1.38, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a fifty day simple moving average of $21.12 and a 200-day simple moving average of $18.53. The firm has a market cap of $3.61 billion, a P/E ratio of -48.76 and a beta of 1.34.

BOX (NYSE:BOX) last posted its earnings results on Monday, March 1st. The software maker reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.05. BOX had a negative return on equity of 124.79% and a negative net margin of 9.12%. The company had revenue of $198.91 million for the quarter, compared to analyst estimates of $196.59 million. During the same quarter last year, the company earned $0.07 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts predict that Box, Inc. will post -0.31 earnings per share for the current year.

In related news, CFO Dylan C. Smith sold 45,000 shares of the stock in a transaction that occurred on Wednesday, February 10th. The stock was sold at an average price of $18.30, for a total transaction of $823,500.00. Following the completion of the sale, the chief financial officer now directly owns 1,120,172 shares of the company’s stock, valued at $20,499,147.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 30,000 shares of the stock in a transaction that occurred on Wednesday, March 10th. The shares were sold at an average price of $21.16, for a total value of $634,800.00. Following the sale, the chief financial officer now directly owns 1,090,172 shares of the company’s stock, valued at $23,068,039.52. The disclosure for this sale can be found here. 6.20% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Morgan Stanley increased its position in BOX by 339.5% in the fourth quarter. Morgan Stanley now owns 2,955,452 shares of the software maker’s stock worth $53,346,000 after buying an additional 2,283,048 shares during the last quarter. Starboard Value LP increased its position in BOX by 18.2% in the fourth quarter. Starboard Value LP now owns 10,976,845 shares of the software maker’s stock worth $198,132,000 after buying an additional 1,688,383 shares during the last quarter. Norges Bank bought a new position in shares of BOX in the fourth quarter worth $28,609,000. BlackRock Inc. boosted its stake in BOX by 13.3% during the fourth quarter. BlackRock Inc. now owns 13,004,504 shares of the software maker’s stock valued at $234,731,000 after buying an additional 1,525,202 shares during the period. Finally, Sunriver Management LLC bought a new stake in BOX during the fourth quarter valued at $13,205,000. 77.86% of the stock is owned by institutional investors.

BOX Company Profile (NYSE:BOX)

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.

Read More: Beta

Receive News & Ratings for BOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOX and related companies with MarketBeat.com's FREE daily email newsletter.