Aaron Levie Sells 15,000 Shares of BOX (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) CEO Aaron Levie sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $24.72, for a total value of $370,800.00. Following the completion of the sale, the chief executive officer directly owned 2,907,030 shares of the company’s stock, valued at approximately $71,861,781.60. The trade was a 0.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

BOX Stock Performance

NYSE:BOX opened at $24.88 on Friday. The company has a market capitalization of $3.56 billion, a P/E ratio of 42.16, a P/E/G ratio of 1.21 and a beta of 0.80. The stock’s 50 day moving average price is $25.35 and its 200 day moving average price is $29.43. Box, Inc. has a 52 week low of $21.61 and a 52 week high of $38.80.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, March 3rd. The software maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.16. BOX had a net margin of 9.80% and a negative return on equity of 23.61%. The firm had revenue of $305.88 million during the quarter, compared to analysts’ expectations of $305.64 million. During the same period in the previous year, the company earned $0.42 earnings per share. The company’s revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BOX

Institutional investors have recently made changes to their positions in the business. First Horizon Corp lifted its position in shares of BOX by 148.1% during the 4th quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after purchasing an additional 496 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in BOX in the 4th quarter valued at approximately $26,000. Geneos Wealth Management Inc. acquired a new stake in BOX in the 1st quarter valued at approximately $31,000. Salomon & Ludwin LLC bought a new position in BOX in the 3rd quarter worth approximately $32,000. Finally, Employees Retirement System of Texas bought a new position in BOX in the 3rd quarter worth approximately $35,000. 86.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BOX has been the topic of several analyst reports. Morgan Stanley lowered their target price on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Thursday. UBS Group decreased their price target on BOX from $31.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, March 4th. DA Davidson reissued a “buy” rating and set a $45.00 price objective on shares of BOX in a report on Wednesday, December 3rd. Citigroup cut their price objective on BOX from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Finally, Wall Street Zen upgraded BOX from a “hold” rating to a “strong-buy” rating in a report on Saturday. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, BOX presently has a consensus rating of “Hold” and a consensus price target of $35.57.

BOX Company Profile

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.