Box, Inc. (NYSE:BOX) Short Interest Down 8.3% in November

Box, Inc. (NYSE:BOX - Get Free Report) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 16,050,000 shares, a decrease of 8.3% from the November 15th total of 17,510,000 shares. Approximately 11.6% of the shares of the company are sold short. Based on an average trading volume of 2,070,000 shares, the days-to-cover ratio is presently 7.8 days.

Analyst Ratings Changes

Several equities research analysts recently commented on BOX shares. William Blair restated an "outperform" rating on shares of BOX in a research report on Thursday, November 14th. Citigroup upped their target price on shares of BOX from $34.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Royal Bank of Canada reissued an "underperform" rating and issued a $21.00 price target on shares of BOX in a report on Wednesday, December 4th. UBS Group boosted their price target on BOX from $34.00 to $42.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Finally, StockNews.com upgraded BOX from a "buy" rating to a "strong-buy" rating in a research report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $34.75.

BOX Price Performance

Shares of NYSE BOX traded down $0.35 during trading on Monday, hitting $32.14. The stock had a trading volume of 1,572,895 shares, compared to its average volume of 2,008,083. The company has a market capitalization of $4.62 billion, a PE ratio of 40.61 and a beta of 0.86. The firm has a fifty day moving average of $33.10 and a two-hundred day moving average of $30.20. BOX has a 12 month low of $24.28 and a 12 month high of $35.74.

Insider Activity

In related news, CFO Dylan C. Smith sold 13,000 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.21, for a total value of $444,730.00. Following the completion of the transaction, the chief financial officer now owns 1,461,509 shares of the company's stock, valued at approximately $49,998,222.89. The trade was a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jack R. Lazar sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total transaction of $86,875.00. Following the completion of the sale, the director now directly owns 26,697 shares in the company, valued at $927,720.75. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,386 shares of company stock valued at $1,891,350. 4.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BOX

A number of large investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. purchased a new position in shares of BOX during the 3rd quarter valued at $36,000. Quarry LP raised its position in BOX by 324.6% in the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker's stock worth $37,000 after purchasing an additional 1,084 shares during the period. GAMMA Investing LLC boosted its holdings in BOX by 143.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker's stock valued at $44,000 after acquiring an additional 787 shares during the period. Toronto Dominion Bank purchased a new position in BOX in the 2nd quarter worth about $53,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of BOX by 31.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker's stock valued at $69,000 after acquiring an additional 632 shares in the last quarter. Institutional investors own 86.74% of the company's stock.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.