Jack R. Lazar Sells 7,000 Shares of Box, Inc. (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX - Get Free Report) Director Jack R. Lazar sold 7,000 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $32.68, for a total value of $228,760.00. Following the completion of the sale, the director now owns 29,197 shares in the company, valued at approximately $954,157.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

BOX Stock Down 1.0 %

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BOX stock traded down $0.34 during mid-day trading on Friday, hitting $32.61. 3,539,690 shares of the stock were exchanged, compared to its average volume of 1,968,862. The firm's fifty day simple moving average is $27.20 and its two-hundred day simple moving average is $27.08. Box, Inc. has a 12 month low of $23.29 and a 12 month high of $33.36. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 44.66 and a beta of 0.86.

BOX (NYSE:BOX - Get Free Report) last released its earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The business had revenue of $270.04 million for the quarter, compared to analyst estimates of $269.52 million. BOX had a net margin of 13.13% and a negative return on equity of 11.71%. BOX's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 earnings per share. As a group, analysts forecast that Box, Inc. will post 0.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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Several research firms have weighed in on BOX. Monness Crespi & Hardt upgraded BOX to a "hold" rating in a research report on Friday, August 16th. StockNews.com upgraded BOX from a "buy" rating to a "strong-buy" rating in a research note on Thursday, August 15th. UBS Group boosted their price objective on BOX from $31.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday. Morgan Stanley dropped their target price on BOX from $32.00 to $30.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 29th. Finally, Oppenheimer restated an "outperform" rating and set a $35.00 price target on shares of BOX in a report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $30.89.

Get Our Latest Stock Analysis on BOX

Hedge Funds Weigh In On BOX

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A number of institutional investors and hedge funds have recently modified their holdings of BOX. Quarry LP grew its position 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 purchasing an additional 1,084 shares during the period. TFO Wealth Partners LLC raised its stake in shares of BOX by 62,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker's stock valued at $48,000 after buying an additional 1,860 shares during the period. Toronto Dominion Bank purchased a new stake in shares of BOX during the 2nd quarter valued at approximately $53,000. Nisa Investment Advisors LLC raised 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 valued at $69,000 after purchasing an additional 632 shares during the period. Finally, Quest Partners LLC bought a new position in BOX in the 2nd quarter worth about $95,000. 86.74% of the stock is currently owned by institutional investors.

BOX Company Profile

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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