BOX (NYSE:BOX) CFO Dylan Smith Sells 17,000 Shares of Stock

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $24.72, for a total value of $420,240.00. Following the sale, the chief financial officer owned 1,294,195 shares of the company’s stock, valued at approximately $31,992,500.40. This represents a 1.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

BOX Stock Performance

BOX stock traded up $0.25 on Friday, hitting $24.95. 791,145 shares of the company’s stock were exchanged, compared to its average volume of 2,781,040. Box, Inc. has a 12-month low of $21.61 and a 12-month high of $38.80. The firm has a 50 day moving average price of $25.42 and a two-hundred day moving average price of $29.48. The stock has a market cap of $3.57 billion, a P/E ratio of 42.37, a price-to-earnings-growth ratio of 1.21 and a beta of 0.80.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, March 3rd. The software maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.16. BOX had a negative return on equity of 23.61% and a net margin of 9.80%.The company had revenue of $305.88 million during the quarter, compared to analysts’ expectations of $305.64 million. During the same period last year, the business posted $0.42 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. Sell-side analysts expect that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

BOX has been the topic of several research reports. UBS Group cut their price target on shares of BOX from $31.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, March 4th. DA Davidson restated a “buy” rating and set a $45.00 target price on shares of BOX in a research report on Wednesday, December 3rd. Citigroup lowered their price target on shares of BOX from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Morgan Stanley reduced their price objective on BOX from $38.00 to $33.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of BOX in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $35.57.

Hedge Funds Weigh In On BOX

Several institutional investors and hedge funds have recently modified their holdings of BOX. Woodline Partners LP raised its stake in shares of BOX by 16.4% during the 1st quarter. Woodline Partners LP now owns 17,800 shares of the software maker’s stock worth $549,000 after buying an additional 2,506 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in BOX by 7.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 477,822 shares of the software maker’s stock worth $14,746,000 after buying an additional 32,726 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in BOX during the 1st quarter worth approximately $31,000. Sivia Capital Partners LLC acquired a new position in shares of BOX during the second quarter valued at approximately $484,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of BOX by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 1,312,283 shares of the software maker’s stock valued at $44,841,000 after acquiring an additional 32,869 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Company Profile

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.