Box, Inc. (BOX) CFO Dylan C. Smith Sells 13,000 Shares
Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $21.10, for a total value of $274,300.00. Following the completion of the transaction, the chief financial officer now owns 13,000 shares in the company, valued at $274,300. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Box, Inc. (NYSE BOX) traded up $0.11 during trading hours on Friday, hitting $22.25. The company had a trading volume of 1,412,444 shares, compared to its average volume of 2,190,000. The stock has a market cap of $3,030.00 and a P/E ratio of -18.54. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.53. Box, Inc. has a 1-year low of $15.73 and a 1-year high of $24.10.
BOX (NYSE:BOX) last announced its earnings results on Wednesday, November 29th. The software maker reported ($0.13) EPS for the quarter, meeting the consensus estimate of ($0.13). The business had revenue of $129.30 million for the quarter, compared to the consensus estimate of $128.67 million. BOX had a negative return on equity of 313.90% and a negative net margin of 33.20%. The company’s revenue was up 25.8% on a year-over-year basis. During the same period last year, the business posted ($0.14) EPS. equities research analysts expect that Box, Inc. will post -1.17 EPS for the current year.
Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of BOX by 79.0% during the 2nd quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock valued at $145,518,000 after buying an additional 3,521,030 shares during the period. Bares Capital Management Inc. raised its holdings in shares of BOX by 10.1% during the 3rd quarter. Bares Capital Management Inc. now owns 6,391,461 shares of the software maker’s stock valued at $123,483,000 after buying an additional 588,875 shares during the period. First Trust Advisors LP raised its holdings in shares of BOX by 31.2% during the 3rd quarter. First Trust Advisors LP now owns 3,752,080 shares of the software maker’s stock valued at $72,490,000 after buying an additional 892,742 shares during the period. Wells Fargo & Company MN raised its holdings in shares of BOX by 3,627.5% during the 2nd quarter. Wells Fargo & Company MN now owns 3,462,849 shares of the software maker’s stock valued at $63,162,000 after buying an additional 3,369,948 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of BOX by 62.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,510,200 shares of the software maker’s stock valued at $45,786,000 after buying an additional 965,800 shares during the period. Institutional investors and hedge funds own 62.20% of the company’s stock.
A number of equities analysts have recently commented on the company. Vetr upgraded BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 price objective on the stock in a report on Wednesday, November 29th. JMP Securities raised their price objective on BOX to $25.00 and gave the stock an “outperform” rating in a report on Thursday, November 30th. Oppenheimer restated a “buy” rating and issued a $24.00 price objective on shares of BOX in a report on Thursday, November 30th. Canaccord Genuity raised their price objective on BOX from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, UBS Group upgraded BOX from a “market perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a report on Monday, September 25th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.24.
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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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