Company shares last traded at $20.60 a tad above the 50 day moving average of $19.09 and which is marginally over the 200 day moving average of $19.09. The 50 day moving average was up by +7.90% and the 200 day average went up by +7.90%. Box, Inc. Class A shares had a trading volume of 3,224K by the end of trading on Tuesday. Trading volume was up 284.58% over the stocks average daily volume.
Investors are feeling more bullish on Box, Inc. Class A of late if you consider the motion in short interest. The company saw a fall in short interest between September 15, 2017 and September 29, 2017 of -1.57%. Short interest decreased from 5,801,074 to 5,710,139 over that period. With short interest at 5,710,139 and short average daily volume at 2,386,480, the short-interest ratio is 2.0 and the percentage of shorted shares was 0.04% on September 29.
There has been some selling insider activity on Box, Inc. Class A (NYSE:BOX) recently. Director Daniel J. Levin disclosed the sale of 50,000 shares. The shares were sold on October 16th for a price of $19.96. The Director now owns $0 of the stock per the Form 4 SEC filing. Jeff Mannie, VP Controller & Chief Acct Ofr disclosed the sale of 6,145 shares of (BOX). The shares were purchased at an average price of $19.00. Mannie now owns $898,301 of the stock according to the SEC filing.
Rory O’driscoll, Director reported the sale of 100,000 shares of BOX stock. The shares were sold on September 27th for a price of $18.54. O’driscoll now owns $0 of the stock according to the SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (BOX). As of quarter end Creative Planning had disposed of a total of 700 shares trimming its holdings by 1.7%. The value of the investment in BOX went from $758,000 to $790,000 increasing 4.2% quarter to quarter. Baltimore-washington Financial Advisors, Inc. grew its holdings by buying 20,160 shares an increase of 12.1% from 06/30/2017 to 09/30/2017. Baltimore-washington Financial Advisors, Inc. now controls 186,385 shares with a value of $3,601,000. The value of the position overall is up by 18.8%.
Hamilton Lane Advisors LLC downsized its position by shedding 210,530 shares a decrease of 39.2% in the quarter. Hamilton Lane Advisors LLC controls 326,575 shares worth $6,309,000. The total value of its holdings decreased 35.6%. Capital One, National Association cut its investment by selling 271 shares a decrease of 1.1%. Capital One, National Association claims 25,141 shares valued at $486,000. The total value of its holdings increased 4.7%.
On September 25 the stock rating was upgraded from “Market Perform” to “Outperform” in a report issued by Raymond James. October 13 investment analysts at Canaccord Genuity made no change to the company rating of “Buy” but moved up the price target from $18.00 to $25.00.
As of the latest earnings report the EPS was $-1.18 and is estimated to be $-0.45 for the current year with 133,765,000 shares now outstanding. Next quarter’s EPS is estimated at $-0.08 and the next full year EPS is anticipated to be $-0.22.
Box, Inc., launched on March 11, 2008, provides a cloud content management platform that enables organizations of all sizes to manage cloud content while allowing access and sharing of this content from anywhere, on any device. With the Business’s software-as-a-service (SaaS) cloud content management 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. Its platform enables people to view, share and collaborate on content, across multiple file formats and media types. The software integrates with enterprise business applications, and is compatible with multiple application environments, operating systems and devices, ensuring that workers have access to their business content. It offers individuals a free basic version of the Box platform that allows them to experience its solution. The Company also provides offerings that address targeted business needs with a combination of technology, services and marketing programs. Its platform integrates with the applications of enterprise technology providers, including Microsoft, IBM, Salesforce.com, Apple, Google, and others, giving its users access to their content in Box..