Insider Selling: Box Inc. (BOX) COO Sells $72,200.00 in Stock
Box Inc. (NYSE:BOX) COO Daniel J. Levin sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $14.44, for a total transaction of $72,200.00. Following the completion of the sale, the chief operating officer now directly owns 3,079 shares of the company’s stock, valued at approximately $44,460.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Box Inc. (NYSE:BOX) opened at 14.56 on Wednesday. The firm’s market capitalization is $1.85 billion. Box Inc. has a 1-year low of $8.82 and a 1-year high of $14.93. The stock’s 50 day moving average is $13.31 and its 200 day moving average is $12.17.
Box (NYSE:BOX) last issued its quarterly earnings data on Wednesday, August 31st. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.05. Box had a negative net margin of 52.12% and a negative return on equity of 133.73%. The firm had revenue of $95.70 million for the quarter, compared to analyst estimates of $94.65 million. During the same period in the prior year, the business posted ($0.28) EPS. The business’s revenue for the quarter was up 30.2% compared to the same quarter last year. Equities analysts predict that Box Inc. will post ($0.68) earnings per share for the current year.
BOX has been the topic of a number of research reports. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $18.00 target price on shares of Box in a research report on Monday, August 15th. Bank of America Corp. reaffirmed a “buy” rating and set a $18.00 target price on shares of Box in a research report on Monday, August 22nd. Vetr lowered shares of Box from a “buy” rating to a “hold” rating and set a $11.67 target price on the stock. in a research report on Thursday, July 28th. Zacks Investment Research raised shares of Box from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Tuesday, June 7th. Finally, Mitsubishi UFJ Financial Group initiated coverage on shares of Box in a research report on Friday, September 16th. They set a “neutral” rating and a $15.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Box has an average rating of “Buy” and a consensus target price of $17.39.
A number of large investors have recently added to or reduced their stakes in BOX. Bares Capital Management Inc. raised its stake in Box by 48.6% in the second quarter. Bares Capital Management Inc. now owns 5,136,447 shares of the company’s stock worth $53,111,000 after buying an additional 1,680,699 shares during the period. BlackRock Fund Advisors raised its stake in Box by 266.2% in the second quarter. BlackRock Fund Advisors now owns 1,151,475 shares of the company’s stock worth $11,906,000 after buying an additional 837,075 shares during the period. Polar Capital LLP raised its stake in Box by 882.4% in the second quarter. Polar Capital LLP now owns 605,745 shares of the company’s stock worth $6,257,000 after buying an additional 544,085 shares during the period. State Street Corp raised its stake in Box by 219.3% in the second quarter. State Street Corp now owns 738,667 shares of the company’s stock worth $7,636,000 after buying an additional 507,337 shares during the period. Finally, Vanguard Group Inc. raised its stake in Box by 18.8% in the second quarter. Vanguard Group Inc. now owns 2,496,539 shares of the company’s stock worth $25,814,000 after buying an additional 395,010 shares during the period. Institutional investors own 27.08% of the company’s stock.
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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