Box Inc (NYSE:BOX) Director Dana L. Evan sold 12,000 shares of the firm’s stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $23.89, for a total value of $286,680.00. Following the completion of the transaction, the director now directly owns 117,251 shares of the company’s stock, valued at $2,801,126.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of BOX stock traded down $0.12 on Thursday, reaching $23.64. The company’s stock had a trading volume of 42,450 shares, compared to its average volume of 3,869,833. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.95 and a current ratio of 0.95. Box Inc has a 12-month low of $17.53 and a 12-month high of $29.79. The company has a market capitalization of $3.40 billion, a PE ratio of -20.58 and a beta of 1.09.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, August 28th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. BOX had a negative return on equity of 488.70% and a negative net margin of 27.10%. The company had revenue of $148.20 million for the quarter, compared to the consensus estimate of $146.58 million. During the same quarter last year, the business posted ($0.11) earnings per share. The firm’s revenue was up 20.6% compared to the same quarter last year. sell-side analysts forecast that Box Inc will post -0.95 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of BOX. BlackRock Inc. raised its position in shares of BOX by 48.0% in the second quarter. BlackRock Inc. now owns 9,185,178 shares of the software maker’s stock worth $229,538,000 after buying an additional 2,980,390 shares in the last quarter. JPMorgan Chase & Co. raised its position in BOX by 9,171.7% during the first quarter. JPMorgan Chase & Co. now owns 1,619,488 shares of the software maker’s stock valued at $33,280,000 after purchasing an additional 1,602,021 shares in the last quarter. Morgan Stanley raised its position in BOX by 270.9% during the second quarter. Morgan Stanley now owns 1,633,710 shares of the software maker’s stock valued at $40,826,000 after purchasing an additional 1,193,210 shares in the last quarter. Renaissance Technologies LLC raised its position in BOX by 27.4% during the second quarter. Renaissance Technologies LLC now owns 4,586,100 shares of the software maker’s stock valued at $114,607,000 after purchasing an additional 987,100 shares in the last quarter. Finally, Harvest Capital Strategies LLC purchased a new stake in BOX during the first quarter valued at about $12,633,000. Institutional investors own 67.08% of the company’s stock.

A number of equities analysts have recently commented on the company. Rosenblatt Securities lowered BOX from a “buy” rating to a “neutral” rating and set a $25.00 price target for the company. in a report on Thursday, May 31st. They noted that the move was a valuation call. JPMorgan Chase & Co. raised their price target on BOX from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, May 31st. UBS Group lowered BOX from a “buy” rating to a “neutral” rating in a report on Thursday, May 31st. JMP Securities raised their price target on BOX from $25.00 to $28.00 and gave the stock a “market outperform” rating in a report on Thursday, May 31st. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $30.00 price target (up from $25.00) on shares of BOX in a report on Thursday, May 31st. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. BOX currently has a consensus rating of “Buy” and an average target price of $27.41.

About BOX

Box, Inc provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise 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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