Box Inc. (BOX) COO Daniel J. Levin Sells 5,000 Shares
Box Inc. (NYSE:BOX) COO Daniel J. Levin sold 5,000 shares of Box stock in a transaction on Tuesday, October 11th. The stock was sold at an average price of $15.32, for a total value of $76,600.00. Following the transaction, the chief operating officer now directly owns 3,752 shares of the company’s stock, valued at $57,480.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Daniel J. Levin also recently made the following trade(s):
- On Tuesday, September 20th, Daniel J. Levin sold 5,000 shares of Box stock. The stock was sold at an average price of $14.61, for a total value of $73,050.00.
Shares of Box Inc. (NYSE:BOX) opened at 14.74 on Friday. Box Inc. has a 52-week low of $8.82 and a 52-week high of $16.59. The firm’s 50-day moving average price is $14.68 and its 200-day moving average price is $12.53. The stock’s market cap is $1.87 billion.
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Box (NYSE:BOX) last released its earnings results on Wednesday, August 31st. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The firm earned $95.70 million during the quarter, compared to the consensus estimate of $94.65 million. Box had a negative return on equity of 133.73% and a negative net margin of 52.12%. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.28) earnings per share. On average, equities research analysts forecast that Box Inc. will post ($0.68) earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Bares Capital Management Inc. increased 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. Coatue Management LLC increased its stake in shares of Box by 6.5% in the second quarter. Coatue Management LLC now owns 4,058,589 shares of the company’s stock worth $41,966,000 after buying an additional 247,205 shares during the period. Vanguard Group Inc. increased its stake in shares of 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. BlackRock Fund Advisors increased its stake in shares of 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. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Box by 50.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,122,049 shares of the company’s stock worth $11,602,000 after buying an additional 374,654 shares during the period. Hedge funds and other institutional investors own 26.87% of the company’s stock.
Several brokerages recently issued reports on BOX. Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Box in a report on Monday, September 19th. Vetr raised Box from a “buy” rating to a “strong-buy” rating and set a $16.45 price objective for the company in a report on Thursday, September 22nd. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $18.00 price objective on shares of Box in a report on Monday, September 5th. Zacks Investment Research raised Box from a “sell” rating to a “hold” rating in a report on Thursday, September 1st. Finally, KeyCorp reaffirmed an “overweight” rating and set a $21.00 price objective on shares of Box in a report on Saturday, September 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $17.95.
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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