Box, Inc. (NYSE:BOX)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $23.52 and last traded at $23.09, with a volume of 1655500 shares traded. The stock had previously closed at $22.75.

Several brokerages recently commented on BOX. Stifel Nicolaus reaffirmed a “hold” rating and set a $17.00 price target on shares of Box in a research report on Wednesday, August 16th. Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 price target on shares of Box in a research report on Friday, September 1st. UBS AG raised shares of Box from a “market perform” rating to an “outperform” rating and set a $26.00 price target for the company in a research report on Monday, September 25th. Canaccord Genuity upped their price target on shares of Box from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $28.00 price target on shares of Box in a research report on Monday, August 28th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Box presently has a consensus rating of “Buy” and a consensus price target of $23.40.

The company has a debt-to-equity ratio of 1.58, a current ratio of 1.02 and a quick ratio of 1.02.

Box (NYSE:BOX) last announced its earnings results on Wednesday, August 30th. The software maker reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.02. The business had revenue of $122.94 million during the quarter, compared to the consensus estimate of $121.75 million. Box had a negative net margin of 34.11% and a negative return on equity of 232.81%. The business’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.14) earnings per share. sell-side analysts forecast that Box, Inc. will post -1.15 earnings per share for the current year.

In other news, VP Jeff Mannie sold 6,145 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $19.00, for a total value of $116,755.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rory O’driscoll sold 115,000 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $18.08, for a total transaction of $2,079,200.00. The disclosure for this sale can be found here. Insiders sold 969,534 shares of company stock valued at $18,204,431 over the last 90 days. Insiders own 20.59% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Bares Capital Management Inc. boosted its stake in shares of Box by 10.1% in the third quarter. Bares Capital Management Inc. now owns 6,391,461 shares of the software maker’s stock valued at $123,483,000 after purchasing an additional 588,875 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Box by 16.0% in the third quarter. Sterling Capital Management LLC now owns 119,223 shares of the software maker’s stock valued at $2,303,000 after purchasing an additional 16,462 shares during the period. Crestline Management LP purchased a new position in shares of Box in the third quarter valued at $2,146,000. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Box in the third quarter valued at $1,473,000. Finally, Lyon Street Capital LLC bought a new position in Box during the 3rd quarter valued at $2,415,000. Institutional investors and hedge funds own 64.64% of the company’s stock.

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About Box

Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.

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