Fisher Jurvetson Fund V. Draper Sells 320,000 Shares of Box, Inc. (BOX) Stock
Box, Inc. (NYSE:BOX) major shareholder Fisher Jurvetson Fund V. Draper sold 320,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $18.07, for a total value of $5,782,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Box, Inc. (NYSE BOX) traded up 2.08% during midday trading on Wednesday, hitting $18.67. The company had a trading volume of 920,577 shares. Box, Inc. has a 52 week low of $10.08 and a 52 week high of $20.91. The company’s market capitalization is $2.45 billion. The stock has a 50 day moving average price of $18.68 and a 200 day moving average price of $17.12.
Box (NYSE:BOX) last announced its quarterly earnings data on Wednesday, May 31st. The software maker reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.01. Box had a negative return on equity of 187.98% and a negative net margin of 36.01%. The company had revenue of $117.20 million for the quarter, compared to analysts’ expectations of $114.70 million. During the same quarter in the prior year, the firm earned ($0.18) earnings per share. Box’s 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 fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in BOX. Advisory Services Network LLC purchased a new position in shares of Box during the first quarter valued at about $142,000. Two Sigma Securities LLC purchased a new position in shares of Box during the first quarter valued at about $177,000. Russell Investments Group Ltd. purchased a new position in shares of Box during the fourth quarter valued at about $215,000. Stifel Financial Corp purchased a new position in shares of Box during the first quarter valued at about $222,000. Finally, Jane Street Group LLC purchased a new position in shares of Box during the first quarter valued at about $248,000. 36.51% of the stock is currently owned by institutional investors.
Several equities analysts recently issued reports on BOX shares. Rosenblatt Securities restated a “buy” rating on shares of Box in a research report on Thursday, March 16th. ValuEngine upgraded Box from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Drexel Hamilton restated a “buy” rating and set a $26.00 price target on shares of Box in a research report on Monday, March 20th. Mitsubishi UFJ Financial Group Inc upgraded Box from a “neutral” rating to an “overweight” rating in a research report on Thursday, June 1st. Finally, Mitsubishi UFJ Financial Group upgraded Box from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $17.50 to $23.00 in a research report on Thursday, June 1st. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Box presently has a consensus rating of “Buy” and an average price target of $22.24.
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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