Daniel J. Levin Sells 40,000 Shares of Box Inc (BOX) Stock
Box Inc (NYSE:BOX) COO Daniel J. Levin sold 40,000 shares of Box stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $18.46, for a total transaction of $738,400.00. Following the transaction, the chief operating officer now directly owns 3,752 shares in the company, valued at approximately $69,261.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Box Inc (NYSE:BOX) traded up 0.92% during midday trading on Tuesday, hitting $18.69. 783,585 shares of the company were exchanged. The stock has a 50 day moving average of $17.18 and a 200-day moving average of $16.26. The stock’s market capitalization is $2.38 billion. Box Inc has a 1-year low of $9.86 and a 1-year high of $18.70.
Box (NYSE:BOX) last announced its quarterly earnings data on Wednesday, March 1st. The software maker reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.04. Box had a negative net margin of 44.23% and a negative return on equity of 144.98%. The company had revenue of $109.93 million during the quarter, compared to analyst estimates of $108.86 million. During the same quarter last year, the business posted ($0.26) EPS. The firm’s revenue for the quarter was up 29.4% on a year-over-year basis. Equities analysts expect that Box Inc will post ($0.47) earnings per share for the current year.
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A number of large investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in shares of Box during the first quarter worth $142,000. Cipher Capital LP bought a new stake in shares of Box during the fourth quarter worth $149,000. ARK Investment Management LLC bought a new stake in shares of Box during the fourth quarter worth $164,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Box during the fourth quarter worth $175,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Box during the first quarter worth $177,000. Institutional investors own 27.65% of the company’s stock.
Several research firms have commented on BOX. Oppenheimer Holdings Inc. set a $21.00 target price on shares of Box and gave the stock a “buy” rating in a research report on Saturday, March 25th. Drexel Hamilton reissued a “buy” rating and set a $26.00 target price on shares of Box in a research report on Friday, March 31st. Pacific Crest reissued a “buy” rating and set a $25.00 target price (up previously from $21.00) on shares of Box in a research report on Sunday, March 5th. Rosenblatt Securities reissued a “buy” rating and set a $25.00 target price on shares of Box in a research report on Saturday, March 4th. Finally, Canaccord Genuity reissued a “buy” rating and set a $19.00 target price on shares of Box in a research report on Friday, February 24th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $19.01.
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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