Box, Inc. (NYSE:BOX) COO Daniel J. Levin sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $18.28, for a total value of $731,200.00. Following the completion of the transaction, the chief operating officer now directly owns 3,752 shares of the company’s stock, valued at $68,586.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Box, Inc. (NYSE BOX) traded up 0.11% during midday trading on Friday, hitting $18.59. The company’s stock had a trading volume of 3,210,791 shares. The company’s 50 day moving average price is $18.37 and its 200 day moving average price is $16.85. The firm’s market cap is $2.44 billion. Box, Inc. has a 12 month low of $9.86 and a 12 month high of $20.91.
Box (NYSE:BOX) last posted its earnings results on Wednesday, May 31st. The software maker reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01. Box had a negative net margin of 36.01% and a negative return on equity of 187.98%. The business had revenue of $117.20 million during the quarter, compared to the consensus estimate of $114.70 million. During the same quarter in the previous year, the firm posted ($0.18) EPS. The firm’s revenue was up 29.9% on a year-over-year basis. Analysts expect that Box, Inc. will post ($0.46) EPS for the current year.
Several large investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in shares of Box during the first quarter worth about $142,000. Cipher Capital LP acquired a new stake in shares of Box during the fourth quarter worth about $149,000. Two Sigma Securities LLC acquired a new stake in shares of Box during the first quarter worth about $177,000. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Box during the fourth quarter worth about $175,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of Box during the fourth quarter worth about $187,000. 37.24% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on BOX shares. Pacific Crest reaffirmed a “buy” rating and issued a $25.00 target price (up from $21.00) on shares of Box in a report on Sunday, March 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 target price on shares of Box in a report on Tuesday, February 21st. Oppenheimer Holdings, Inc. set a $21.00 target price on Box and gave the company a “buy” rating in a report on Thursday, March 2nd. ValuEngine raised Box from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Drexel Hamilton upped their target price on Box from $22.00 to $26.00 and gave the company a “positive” rating in a report on Thursday, March 2nd. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $22.24.
Box Company Profile
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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