Insider Selling: Box Inc (NYSE:BOX) CFO Sells 15,000 Shares of Stock

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Box Inc (NYSE:BOX) CFO Dylan C. Smith sold 15,000 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $18.02, for a total transaction of $270,300.00. Following the sale, the chief financial officer now directly owns 1,084,280 shares of the company’s stock, valued at approximately $19,538,725.60. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of BOX stock traded up $0.17 during mid-day trading on Wednesday, hitting $17.89. The stock had a trading volume of 2,368,500 shares, compared to its average volume of 2,325,507. Box Inc has a 12-month low of $15.30 and a 12-month high of $29.79. The company has a debt-to-equity ratio of 10.68, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of -18.64 and a beta of 1.49.

BOX (NYSE:BOX) last posted its quarterly earnings results on Monday, June 3rd. The software maker reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. BOX had a negative net margin of 21.37% and a negative return on equity of 446.05%. The business had revenue of $163.00 million during the quarter, compared to analysts’ expectations of $161.46 million. During the same quarter in the prior year, the company posted ($0.07) EPS. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts expect that Box Inc will post -0.94 earnings per share for the current fiscal year.

Several analysts recently issued reports on BOX shares. DA Davidson reaffirmed a “buy” rating and set a $25.00 price objective on shares of BOX in a research note on Friday, February 22nd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $21.00 price objective (down previously from $27.00) on shares of BOX in a research note on Thursday, February 28th. Morgan Stanley dropped their price objective on shares of BOX from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Thursday, February 28th. Canaccord Genuity reaffirmed a “buy” rating and set a $24.00 price objective (down previously from $30.00) on shares of BOX in a research note on Thursday, February 28th. Finally, Citigroup cut shares of BOX from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $27.00 to $21.00 in a research note on Thursday, February 28th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $21.82.

Several institutional investors have recently bought and sold shares of BOX. FMR LLC grew its stake in shares of BOX by 111.9% in the 1st quarter. FMR LLC now owns 3,906,437 shares of the software maker’s stock valued at $75,434,000 after buying an additional 2,063,120 shares during the period. SQN Investors LP grew its stake in shares of BOX by 67.2% in the 4th quarter. SQN Investors LP now owns 3,955,464 shares of the software maker’s stock valued at $66,768,000 after buying an additional 1,589,667 shares during the period. Luxor Capital Group LP purchased a new stake in shares of BOX in the 1st quarter valued at approximately $26,450,000. Weitz Investment Management Inc. purchased a new stake in shares of BOX in the 1st quarter valued at approximately $20,206,000. Finally, Portolan Capital Management LLC boosted its position in shares of BOX by 198.5% during the 4th quarter. Portolan Capital Management LLC now owns 1,513,011 shares of the software maker’s stock worth $25,540,000 after purchasing an additional 1,006,179 shares during the period. 66.95% of the stock is owned by institutional investors and hedge funds.

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About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere or 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.

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