Box, Inc. (NYSE:BOX) COO Daniel J. Levin sold 40,000 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $18.93, for a total transaction of $757,200.00. Following the completion of the transaction, the chief operating officer now owns 3,752 shares in the company, valued at approximately $71,025.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Box, Inc. (NYSE:BOX) traded up 3.01% on Wednesday, hitting $19.85. The stock had a trading volume of 2,411,501 shares. Box, Inc. has a 12 month low of $10.51 and a 12 month high of $20.91. The stock’s market cap is $2.61 billion. The firm has a 50 day moving average of $18.75 and a 200 day moving average of $17.56.

Box (NYSE:BOX) last announced its quarterly earnings data 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. Box had a negative return on equity of 187.98% and a negative net margin of 36.01%. The firm had revenue of $117.20 million for the quarter, compared to analyst estimates of $114.70 million. During the same quarter in the prior year, the company posted ($0.18) earnings per share. Box’s quarterly revenue was up 29.9% on a year-over-year basis. On average, equities analysts forecast that Box, Inc. will post ($0.46) earnings per share for the current fiscal year.

WARNING: “Daniel J. Levin Sells 40,000 Shares of Box, Inc. (BOX) Stock” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/07/19/daniel-j-levin-sells-40000-shares-of-box-inc-box-stock.html.

A number of hedge funds have recently bought and sold shares of BOX. Creative Planning raised its stake in Box by 0.4% in the first quarter. Creative Planning now owns 41,680 shares of the software maker’s stock worth $680,000 after buying an additional 180 shares during the period. Capital One National Association raised its stake in Box by 1.3% in the first quarter. Capital One National Association now owns 24,481 shares of the software maker’s stock worth $399,000 after buying an additional 309 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in Box by 4.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 35,294 shares of the software maker’s stock worth $489,000 after buying an additional 1,476 shares during the period. American International Group Inc. raised its stake in Box by 7.1% in the first quarter. American International Group Inc. now owns 30,063 shares of the software maker’s stock worth $490,000 after buying an additional 1,991 shares during the period. Finally, Lyell Wealth Management LP raised its stake in Box by 11.2% in the first quarter. Lyell Wealth Management LP now owns 32,615 shares of the software maker’s stock worth $532,000 after buying an additional 3,283 shares during the period. Institutional investors own 36.51% of the company’s stock.

Several equities research analysts have commented on the company. Drexel Hamilton restated a “buy” rating and issued a $28.00 price objective (up previously from $26.00) on shares of Box in a research report on Thursday, June 1st. Mitsubishi UFJ Financial Group Inc upgraded Box from a “neutral” rating to an “overweight” rating in a research report on Thursday, June 1st. Morgan Stanley restated an “equal weight” rating and issued a $20.00 price objective (up previously from $19.00) on shares of Box in a research report on Thursday, June 1st. Stifel Nicolaus restated a “hold” rating and issued a $17.00 price objective (up previously from $15.00) on shares of Box in a research report on Thursday, June 1st. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $27.00 price objective (up previously from $24.00) on shares of Box in a research report on Thursday, June 1st. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus 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.

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

Receive News & Ratings for Box Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Box Inc. and related companies with MarketBeat.com's FREE daily email newsletter.