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

Box, Inc. (NYSE:BOX) Director Jack R. Lazar sold 2,500 shares of BOX stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total value of $86,875.00. Following the completion of the transaction, the director now owns 26,697 shares of the company’s stock, valued at approximately $927,720.75. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

BOX Stock Down 2.2 %

BOX opened at $33.53 on Friday. The stock has a market cap of $4.80 billion, a P/E ratio of 42.44 and a beta of 0.85. Box, Inc. has a 12 month low of $23.29 and a 12 month high of $35.07. The company has a fifty day simple moving average of $32.71 and a 200 day simple moving average of $29.12.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. The company had revenue of $270.04 million for the quarter, compared to analyst estimates of $269.52 million. During the same quarter last year, the firm posted $0.01 earnings per share. BOX’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts expect that Box, Inc. will post 0.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BOX has been the subject of a number of research reports. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 target price on shares of BOX in a research note on Wednesday, August 28th. Morgan Stanley increased their price target on shares of BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. UBS Group boosted their price objective on shares of BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Finally, William Blair reissued an “outperform” rating on shares of BOX in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.22.

Institutional Investors Weigh In On BOX

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. bought a new position in shares of BOX during the 3rd quarter worth approximately $36,000. Quarry LP increased its stake in BOX by 324.6% in the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after buying an additional 1,084 shares during the last quarter. GAMMA Investing LLC lifted its position in 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 buying an additional 787 shares in the last quarter. Toronto Dominion Bank bought a new stake in BOX during the 2nd quarter worth about $53,000. Finally, Nisa Investment Advisors LLC boosted its stake 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 buying an additional 632 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

About 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 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.