Box, Inc. (NYSE:BOX) Director Rory O’driscoll sold 332,992 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $19.04, for a total value of $6,340,167.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rory O’driscoll also recently made the following trade(s):

  • On Thursday, June 15th, Rory O’driscoll sold 671,186 shares of Box stock. The stock was sold at an average price of $18.48, for a total value of $12,403,517.28.
  • On Wednesday, March 29th, Rory O’driscoll sold 319,228 shares of Box stock. The stock was sold at an average price of $16.58, for a total value of $5,292,800.24.
  • On Tuesday, March 28th, Rory O’driscoll sold 308,458 shares of Box stock. The stock was sold at an average price of $16.49, for a total value of $5,086,472.42.
  • On Monday, March 27th, Rory O’driscoll sold 43,500 shares of Box stock. The stock was sold at an average price of $16.41, for a total value of $713,835.00.

Shares of Box, Inc. (NYSE:BOX) traded up 0.85% during mid-day trading on Thursday, hitting $18.95. The company had a trading volume of 2,186,221 shares. The firm’s 50-day moving average price is $18.50 and its 200 day moving average price is $16.95. Box, Inc. has a one year low of $9.86 and a one year high of $20.91. The company’s market capitalization is $2.49 billion.

Box (NYSE:BOX) last announced its earnings results on Wednesday, May 31st. The software maker reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.01. The firm had revenue of $117.20 million during the quarter, compared to analyst estimates of $114.70 million. Box had a negative net margin of 36.01% and a negative return on equity of 187.98%. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.18) EPS. Analysts predict that Box, Inc. will post ($0.46) earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Box (NYSE:BOX)

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BOX has been the subject of several recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating on shares of Box in a research report on Thursday, March 16th. Drexel Hamilton reaffirmed a “buy” rating and issued a $26.00 target price on shares of Box in a research report on Monday, March 20th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $20.00 target price (up previously from $19.00) on shares of Box in a research report on Thursday, June 1st. Mitsubishi UFJ Financial Group raised Box from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $17.50 to $23.00 in a research report on Thursday, June 1st. Finally, Oppenheimer Holdings, Inc. set a $21.00 target price on Box and gave the stock a “buy” rating in a research report on Thursday, March 2nd. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Box has an average rating of “Buy” and an average price target of $22.24.

A number of institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in shares of Box during the fourth quarter worth $215,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of Box during the fourth quarter worth $175,000. Cipher Capital LP bought a new position in shares of Box during the fourth quarter worth $149,000. State Street Corp raised its position in shares of Box by 5.8% in the fourth quarter. State Street Corp now owns 825,560 shares of the software maker’s stock worth $11,442,000 after buying an additional 45,024 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new position in shares of Box during the fourth quarter worth $187,000. 37.09% of the stock is owned by hedge funds and other institutional investors.

About Box

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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