Investors Purchase High Volume of Call Options on BOX (BOX)

Box (NYSE:BOX) was the target of unusually large options trading activity on Tuesday. Traders bought 21,186 call options on the company. This is an increase of 2,251% compared to the typical daily volume of 901 call options.

Shares of NYSE:BOX opened at $22.42 on Wednesday. The company has a debt-to-equity ratio of 4.48, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $3,145.93, a P/E ratio of -19.33 and a beta of 1.14. BOX has a 12-month low of $16.76 and a 12-month high of $24.50.

BOX (NYSE:BOX) last issued its quarterly earnings results on Wednesday, February 28th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $136.70 million during the quarter, compared to analyst estimates of $136.61 million. BOX had a negative net margin of 30.62% and a negative return on equity of 433.21%. The business’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. equities research analysts predict that BOX will post -1.01 earnings per share for the current year.

A number of research analysts have recently commented on the stock. Monness Crespi & Hardt assumed coverage on shares of BOX in a research report on Wednesday, April 11th. They set a “neutral” rating on the stock. Zacks Investment Research raised shares of BOX from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. ValuEngine raised shares of BOX from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Vetr cut shares of BOX from a “strong-buy” rating to a “buy” rating and set a $24.14 target price on the stock. in a research report on Thursday, February 15th. Finally, DA Davidson assumed coverage on shares of BOX in a research report on Thursday, February 15th. They set a “buy” rating and a $25.00 target price on the stock. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $24.40.

In other news, Director Daniel J. Levin sold 100,000 shares of the business’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $20.87, for a total transaction of $2,087,000.00. Following the transaction, the director now directly owns 5,790 shares of the company’s stock, valued at $120,837.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Peter M. Mcgoff sold 2,079 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $21.13, for a total transaction of $43,929.27. The disclosure for this sale can be found here. Over the last three months, insiders have sold 285,079 shares of company stock worth $5,935,989. Corporate insiders own 20.59% of the company’s stock.

Large investors have recently modified their holdings of the stock. Bluestein R H & Co. increased its stake in BOX by 25.0% during the fourth quarter. Bluestein R H & Co. now owns 12,500 shares of the software maker’s stock valued at $264,000 after purchasing an additional 2,500 shares during the last quarter. Teachers Advisors LLC increased its stake in BOX by 1.0% during the fourth quarter. Teachers Advisors LLC now owns 325,145 shares of the software maker’s stock valued at $6,867,000 after purchasing an additional 3,147 shares during the last quarter. Baltimore Washington Financial Advisors Inc. increased its stake in BOX by 1.7% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 189,635 shares of the software maker’s stock valued at $4,005,000 after purchasing an additional 3,250 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in BOX by 0.9% during the fourth quarter. TIAA CREF Investment Management LLC now owns 601,728 shares of the software maker’s stock valued at $12,708,000 after purchasing an additional 5,579 shares during the last quarter. Finally, Profund Advisors LLC increased its stake in BOX by 8.8% during the fourth quarter. Profund Advisors LLC now owns 105,730 shares of the software maker’s stock valued at $2,233,000 after purchasing an additional 8,540 shares during the last quarter. Institutional investors and hedge funds own 74.56% of the company’s stock.

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BOX Company Profile

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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