Box, Inc. (BOX) Director Sells $5,313,781.04 in Stock
Box, Inc. (NYSE:BOX) Director Rory O’driscoll sold 274,756 shares of the company’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $19.34, for a total value of $5,313,781.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Rory O’driscoll also recently made the following trade(s):
- On Thursday, June 22nd, Rory O’driscoll sold 332,992 shares of Box stock. The stock was sold at an average price of $19.04, for a total value of $6,340,167.68.
- 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.
Shares of Box, Inc. (NYSE BOX) traded down 0.26% during mid-day trading on Tuesday, hitting $19.09. The company had a trading volume of 4,245,947 shares. The stock’s 50-day moving average is $18.50 and its 200-day moving average is $16.95. Box, Inc. has a 52-week low of $9.86 and a 52-week high of $20.91. The stock’s market cap is $2.51 billion.
Box (NYSE:BOX) last released its quarterly earnings results on Wednesday, May 31st. The software maker reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.01. Box had a negative net margin of 36.01% and a negative return on equity of 187.98%. The company had revenue of $117.20 million during the quarter, compared to analysts’ expectations of $114.70 million. During the same period in the prior year, the company earned ($0.18) earnings per share. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. Equities analysts forecast that Box, Inc. will post ($0.46) earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new stake in Box during the first quarter worth about $142,000. Cipher Capital LP purchased a new stake in Box during the fourth quarter worth about $149,000. Commerzbank Aktiengesellschaft FI purchased a new stake in Box during the fourth quarter worth about $175,000. Two Sigma Securities LLC purchased a new stake in Box during the first quarter worth about $177,000. Finally, Bayesian Capital Management LP purchased a new stake in Box during the fourth quarter worth about $187,000. Institutional investors own 36.51% of the company’s stock.
Several equities research analysts have weighed in on BOX shares. Canaccord Genuity restated a “buy” rating and set a $24.00 price target (up previously from $22.00) on shares of Box in a report on Thursday, June 1st. Drexel Hamilton restated a “buy” rating and set a $26.00 price target on shares of Box in a report on Friday, March 31st. Oppenheimer Holdings, Inc. set a $21.00 price target on Box and gave the stock a “buy” rating in a report on Saturday, March 25th. Rosenblatt Securities restated a “buy” rating on shares of Box in a report on Thursday, March 16th. Finally, Pacific Crest restated a “buy” rating and set a $25.00 price target (up previously from $21.00) on shares of Box in a report on Sunday, March 5th. Six equities 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 stock. The stock presently has an average rating of “Buy” and a consensus target price of $22.24.
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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