Jeff Mannie Sells 6,145 Shares of Box, Inc. (BOX) Stock
Box, Inc. (NYSE:BOX) VP Jeff Mannie sold 6,145 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $19.00, for a total value of $116,755.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Box, Inc. (BOX) opened at 19.24 on Wednesday. Box, Inc. has a one year low of $13.56 and a one year high of $19.44. The stock has a 50 day moving average price of $18.47 and a 200-day moving average price of $18.47. The firm’s market cap is $2.57 billion.
Box (NYSE:BOX) last issued its quarterly earnings data on Wednesday, August 30th. The software maker reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. The business had revenue of $122.94 million for the quarter, compared to the consensus estimate of $121.75 million. Box had a negative return on equity of 232.81% and a negative net margin of 34.11%. The firm’s revenue was up 28.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.14) EPS. Analysts predict that Box, Inc. will post ($0.45) EPS for the current fiscal year.
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Several institutional investors have recently made changes to their positions in the business. Verition Fund Management LLC acquired a new stake in shares of Box during the second quarter worth about $288,000. Crosslink Capital Inc. lifted its holdings in shares of Box by 95.4% during the 2nd quarter. Crosslink Capital Inc. now owns 1,332,742 shares of the software maker’s stock valued at $24,309,000 after purchasing an additional 650,712 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Box by 19.0% during the 2nd quarter. Sterling Capital Management LLC now owns 102,761 shares of the software maker’s stock valued at $1,874,000 after purchasing an additional 16,408 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Box by 81.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock valued at $126,000 after purchasing an additional 3,092 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Box by 44.8% during the 2nd quarter. California State Teachers Retirement System now owns 139,206 shares of the software maker’s stock valued at $2,539,000 after purchasing an additional 43,043 shares in the last quarter. Institutional investors own 57.37% of the company’s stock.
A number of equities research analysts have recently issued reports on BOX shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $17.00 target price on shares of Box in a research report on Wednesday, August 16th. UBS AG raised Box from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a report on Monday, September 25th. Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 price target on shares of Box in a research report on Friday, September 1st. Drexel Hamilton reiterated a “buy” rating and issued a $28.00 price target on shares of Box in a research report on Monday, August 28th. Finally, Raymond James Financial, Inc. upgraded Box from a “market perform” rating to an “outperform” rating and set a $26.00 price target for the company in a research report on Monday, September 25th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $23.01.
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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