Key Points
- CEO Aaron Levie sold 15,000 shares on March 10 at an average price of $24.72 for about $370,800, trimming his stake by 0.51% to 2,907,030 shares (transaction filed with the SEC).
- Box beat expectations for the quarter with EPS of $0.49 versus $0.33 expected and revenue of $305.88M (up 9.4% YoY), though the company still shows a negative return on equity of 23.61% despite a 9.8% net margin.
- The stock trades near $24.95 with a $3.57B market cap; analysts are mixed and the consensus rating is "Hold" with an average price target of $35.57.
Box, Inc. (NYSE:BOX - Get Free Report) CEO Aaron Levie sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $24.72, for a total value of $370,800.00. Following the transaction, the chief executive officer owned 2,907,030 shares in the company, valued at $71,861,781.60. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
BOX Stock Performance
Shares of NYSE BOX traded up $0.25 during mid-day trading on Friday, hitting $24.95. 791,145 shares of the stock traded hands, compared to its average volume of 2,781,040. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 42.37, a PEG ratio of 1.21 and a beta of 0.80. The stock has a fifty day moving average price of $25.42 and a 200-day moving average price of $29.48. Box, Inc. has a 52 week low of $21.61 and a 52 week high of $38.80.
BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings data on Tuesday, March 3rd. The software maker reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.16. The business had revenue of $305.88 million for the quarter, compared to analysts' expectations of $305.64 million. BOX had a net margin of 9.80% and a negative return on equity of 23.61%. The business's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 earnings per share. As a group, sell-side analysts predict that Box, Inc. will post 0.27 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
BOX has been the topic of several research analyst reports. Weiss Ratings restated a "hold (c+)" rating on shares of BOX in a research note on Monday, December 29th. Morgan Stanley reduced their price target on shares of BOX from $38.00 to $33.00 and set an "equal weight" rating for the company in a research report on Thursday. UBS Group dropped their price target on shares of BOX from $31.00 to $28.00 and set a "hold" rating on the stock in a research note on Wednesday, March 4th. Citigroup decreased their target price on BOX from $40.00 to $36.00 and set a "buy" rating on the stock in a report on Wednesday, March 4th. Finally, DA Davidson restated a "buy" rating and set a $45.00 target price on shares of BOX in a research note on Wednesday, December 3rd. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $35.57.
Check Out Our Latest Stock Report on BOX
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. First Horizon Corp grew its holdings in BOX by 148.1% during the 4th quarter. First Horizon Corp now owns 831 shares of the software maker's stock valued at $25,000 after buying an additional 496 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of BOX in the fourth quarter valued at $26,000. Salomon & Ludwin LLC bought a new stake in BOX in the third quarter worth $32,000. Geneos Wealth Management Inc. bought a new stake in shares of BOX in the 1st quarter worth about $31,000. Finally, Employees Retirement System of Texas purchased a new position in BOX in the third quarter worth about $35,000. Hedge funds and other institutional investors own 86.74% of the company's stock.
About BOX
(
Get Free Report)
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.
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