Box Sees Unusually Large Options Volume (BOX)

Box, Inc. (NYSE:BOX) saw unusually large options trading activity on Wednesday. Stock traders purchased 5,432 put options on the company. This is an increase of 882% compared to the average daily volume of 553 put options.

In other Box news, President Daniel J. Levin sold 57,444 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $18.43, for a total value of $1,058,692.92. Following the sale, the president now owns 3,752 shares in the company, valued at $69,149.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Peter M. Mcgoff sold 80,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $18.52, for a total transaction of $1,481,600.00. Following the completion of the sale, the senior vice president now owns 286,135 shares in the company, valued at approximately $5,299,220.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,175,192 shares of company stock valued at $22,105,842. 22.30% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in BOX. Vanguard Group Inc. grew its position in Box by 79.0% during the 2nd quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock worth $145,518,000 after purchasing an additional 3,521,030 shares during the last quarter. Wells Fargo & Company MN grew its position in Box by 3,627.5% during the 2nd quarter. Wells Fargo & Company MN now owns 3,462,849 shares of the software maker’s stock worth $63,162,000 after purchasing an additional 3,369,948 shares during the last quarter. Whale Rock Capital Management LLC purchased a new stake in Box during the 2nd quarter worth approximately $32,382,000. MARSHALL WACE ASIA Ltd purchased a new stake in Box during the 1st quarter worth approximately $21,283,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Box in the 1st quarter valued at $21,283,000. 57.81% of the stock is currently owned by institutional investors.

Shares of Box (BOX) remained flat at $18.46 during midday trading on Friday. The company had a trading volume of 2,312,676 shares. The firm’s market cap is $2.45 billion. Box has a 52 week low of $13.56 and a 52 week high of $18.81. The stock has a 50-day moving average of $18.52 and a 200 day moving average of $18.02.

Box (NYSE:BOX) last released its earnings results on Wednesday, August 30th. The software maker reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.02. The company had revenue of $122.94 million for 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%. Box’s revenue was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.14) EPS. On average, equities research analysts predict that Box will post ($0.45) earnings per share for the current year.

A number of brokerages have weighed in on BOX. Stifel Nicolaus restated a “hold” rating and issued a $17.00 price objective on shares of Box in a report on Wednesday, August 16th. Bank of America Corporation restated a “buy” rating and issued a $22.00 price objective (up previously from $21.00) on shares of Box in a report on Friday, June 2nd. Drexel Hamilton restated a “buy” rating and issued a $28.00 price objective (up previously from $26.00) on shares of Box in a report on Thursday, June 1st. Rosenblatt Securities restated a “buy” rating and issued a $25.00 price objective on shares of Box in a report on Friday, September 1st. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $27.00 price target (up previously from $24.00) on shares of Box in a report on Thursday, June 1st. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Box presently has an average rating of “Buy” and an average price target of $22.52.

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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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