BOX (NYSE:BOX) Announces Quarterly Earnings Results

BOX (NYSE:BOX) released its earnings results on Tuesday. The software maker reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.37), Zacks reports. BOX had a net margin of 13.96% and a negative return on equity of 17.20%.

BOX Stock Performance

NYSE:BOX traded up $0.87 during trading hours on Tuesday, reaching $33.63. The company’s stock had a trading volume of 4,548,316 shares, compared to its average volume of 1,956,724. The company has a market capitalization of $4.83 billion, a P/E ratio of 42.03, a price-to-earnings-growth ratio of 4.42 and a beta of 0.88. BOX has a 12 month low of $24.63 and a 12 month high of $35.74. The stock has a 50 day moving average price of $32.78 and a two-hundred day moving average price of $32.58.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. Bank of America assumed coverage on BOX in a research report on Thursday, December 12th. They issued a “buy” rating and a $40.00 target price on the stock. William Blair reissued an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. StockNews.com lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, UBS Group raised their price target on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.89.

Insider Activity at BOX

In other BOX news, Director Daniel J. Levin sold 5,886 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $32.50, for a total transaction of $191,295.00. Following the transaction, the director now owns 51,530 shares in the company, valued at approximately $1,674,725. This represents a 10.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Eli Berkovitch sold 4,791 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $31.06, for a total value of $148,808.46. Following the completion of the transaction, the vice president now owns 132,741 shares of the company’s stock, valued at $4,122,935.46. This trade represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,041 shares of company stock valued at $2,889,758 over the last quarter. 4.10% of the stock is owned by corporate insiders.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.