Box Inc (NYSE:BOX) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 12,362,344 shares, a growth of 45.5% from the August 15th total of 8,495,485 shares. Based on an average daily volume of 4,806,478 shares, the short-interest ratio is currently 2.6 days. Approximately 9.3% of the shares of the company are sold short.

In other BOX news, Director Steven M. Krausz sold 14,284 shares of the firm’s stock in a transaction dated Monday, June 25th. The stock was sold at an average price of $25.16, for a total value of $359,385.44. Following the transaction, the director now directly owns 9,081 shares of the company’s stock, valued at $228,477.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel J. Levin sold 80,000 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $24.22, for a total value of $1,937,600.00. Following the completion of the transaction, the director now directly owns 5,790 shares in the company, valued at $140,233.80. The disclosure for this sale can be found here. Insiders sold 734,284 shares of company stock worth $19,115,935 over the last three months. Insiders own 8.51% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in BOX by 48.0% during the 2nd quarter. BlackRock Inc. now owns 9,185,178 shares of the software maker’s stock valued at $229,538,000 after purchasing an additional 2,980,390 shares during the period. Renaissance Technologies LLC raised its stake in BOX by 27.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,586,100 shares of the software maker’s stock valued at $114,607,000 after purchasing an additional 987,100 shares during the period. Morgan Stanley raised its stake in BOX by 270.9% during the 2nd quarter. Morgan Stanley now owns 1,633,710 shares of the software maker’s stock valued at $40,826,000 after purchasing an additional 1,193,210 shares during the period. JPMorgan Chase & Co. raised its stake in BOX by 9,171.7% during the 1st quarter. JPMorgan Chase & Co. now owns 1,619,488 shares of the software maker’s stock valued at $33,280,000 after purchasing an additional 1,602,021 shares during the period. Finally, Bank of America Corp DE raised its stake in BOX by 11.1% during the 2nd quarter. Bank of America Corp DE now owns 1,464,764 shares of the software maker’s stock valued at $36,604,000 after purchasing an additional 146,520 shares during the period. 67.79% of the stock is currently owned by institutional investors.

Several research analysts have issued reports on the company. Canaccord Genuity reissued a “buy” rating and issued a $30.00 target price (up from $25.00) on shares of BOX in a research report on Thursday, May 31st. JMP Securities reissued an “outperform” rating and issued a $32.00 target price on shares of BOX in a research report on Wednesday, August 29th. Rosenblatt Securities cut BOX from a “buy” rating to a “neutral” rating and set a $25.00 target price on the stock. in a research report on Thursday, May 31st. They noted that the move was a valuation call. JPMorgan Chase & Co. raised their target price on BOX from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, May 31st. Finally, UBS Group cut BOX from a “buy” rating to a “neutral” rating in a research report on Thursday, May 31st. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $27.21.

BOX stock opened at $23.77 on Tuesday. BOX has a twelve month low of $17.25 and a twelve month high of $29.79. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.00 and a current ratio of 0.95. The stock has a market cap of $3.48 billion, a PE ratio of -20.55 and a beta of 1.09.

BOX (NYSE:BOX) last posted its quarterly earnings data on Tuesday, August 28th. The software maker reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.01. BOX had a negative return on equity of 488.70% and a negative net margin of 27.10%. The firm had revenue of $148.20 million for the quarter, compared to analysts’ expectations of $146.58 million. During the same period in the previous year, the firm earned ($0.11) EPS. The business’s quarterly revenue was up 20.6% on a year-over-year basis. equities analysts forecast that BOX will post -0.95 earnings per share for the current fiscal year.

About BOX

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.

Read More: Stock Symbols and CUSIP Explained

Receive News & Ratings for BOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOX and related companies with MarketBeat.com's FREE daily email newsletter.