Box, Inc. (NYSE:BOX) Director Jack R. Lazar Sells 2,500 Shares

by · The Cerbat Gem

Box, Inc. (NYSE:BOX – Get Free Report) Director Jack R. Lazar sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total transaction of $86,875.00. Following the completion of the sale, the director now directly owns 26,697 shares of the company’s stock, valued at approximately $927,720.75. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

BOX Trading Down 1.1 %

BOX stock traded down $0.39 on Thursday, hitting $34.28. The company’s stock had a trading volume of 1,621,800 shares, compared to its average volume of 1,992,483. The firm has a 50 day moving average of $32.68 and a two-hundred day moving average of $29.08. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $35.07. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 43.39 and a beta of 0.85.

BOX (NYSE:BOX – Get Free Report) last announced its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $270.04 million during the quarter, compared to the consensus estimate of $269.52 million. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. BOX’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 EPS. As a group, equities analysts forecast that Box, Inc. will post 0.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BOX has been the subject of several research reports. William Blair reaffirmed an “outperform” rating on shares of BOX in a research report on Thursday. Citigroup upped their price target on shares of BOX from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price target on shares of BOX in a research note on Wednesday, August 28th. Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a report on Friday, August 16th. Finally, UBS Group upped their price objective on shares of BOX from $31.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, BOX has an average rating of “Moderate Buy” and a consensus price target of $31.22.

Read Our Latest Report on BOX

Institutional Investors Weigh In On BOX

A number of large investors have recently added to or reduced their stakes in the business. Quarry LP boosted its stake in shares of BOX by 324.6% during the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after purchasing an additional 1,084 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of BOX by 143.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after acquiring an additional 787 shares during the period. Toronto Dominion Bank purchased a new position in shares of BOX during the 2nd quarter worth about $53,000. Nisa Investment Advisors LLC lifted its holdings in shares of BOX by 31.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after acquiring an additional 632 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of BOX by 245.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after acquiring an additional 1,536 shares during the period. 86.74% of the stock is owned by institutional investors and hedge funds.

About BOX

(Get Free Report)

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 work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.

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