Wall Street brokerages expect Box, Inc. (NYSE:BOX) to post $121.60 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Box’s earnings, with the highest sales estimate coming in at $121.90 million and the lowest estimate coming in at $121.30 million. Box reported sales of $95.71 million in the same quarter last year, which indicates a positive year-over-year growth rate of 27.1%. The firm is expected to issue its next quarterly earnings report on Wednesday, August 30th.

On average, analysts expect that Box will report full-year sales of $121.60 million for the current fiscal year, with estimates ranging from $503.99 million to $506.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $622.04 million per share, with estimates ranging from $612.23 million to $636.60 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Box.

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

BOX has been the subject of several research analyst reports. Drexel Hamilton restated a “buy” rating and set a $26.00 price target on shares of Box in a research report on Friday, March 31st. Wells Fargo & Company restated an “outperform” rating and set a $27.00 price target (up previously from $24.00) on shares of Box in a research report on Thursday, June 1st. Morgan Stanley reaffirmed an “equal weight” rating and set a $20.00 price objective (up previously from $19.00) on shares of Box in a research note on Thursday, June 1st. Mitsubishi UFJ Financial Group raised shares of Box from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $17.50 to $23.00 in a research note on Thursday, June 1st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 price objective on shares of Box in a research note on Monday, June 26th. Six 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 stock. Box presently has a consensus rating of “Buy” and an average target price of $22.24.

In other Box news, Director Rory O’driscoll sold 274,756 shares of Box stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $19.34, for a total transaction of $5,313,781.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Daniel J. Levin sold 40,000 shares of Box stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $18.93, for a total transaction of $757,200.00. Following the transaction, the chief operating officer now owns 3,752 shares of the company’s stock, valued at approximately $71,025.36. The disclosure for this sale can be found here. Insiders sold a total of 1,718,934 shares of company stock worth $32,066,666 over the last ninety days. Insiders own 22.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of BOX. State Street Corp raised its position in 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 in the last quarter. Renaissance Technologies LLC raised its position in Box by 27.7% in the fourth quarter. Renaissance Technologies LLC now owns 278,800 shares of the software maker’s stock worth $3,864,000 after buying an additional 60,500 shares in the last quarter. Capital One National Association raised its position 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 in the last quarter. Swiss National Bank raised its position in Box by 11.5% in the first quarter. Swiss National Bank now owns 84,300 shares of the software maker’s stock worth $1,375,000 after buying an additional 8,700 shares in the last quarter. Finally, Jasper Ridge Partners L.P. raised its position in Box by 40.6% in the first quarter. Jasper Ridge Partners L.P. now owns 26,478 shares of the software maker’s stock worth $432,000 after buying an additional 7,642 shares in the last quarter. 36.62% of the stock is owned by institutional investors and hedge funds.

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Box (NYSE BOX) opened at 19.92 on Thursday. Box has a 12 month low of $11.01 and a 12 month high of $20.91. The stock’s 50 day moving average price is $18.83 and its 200-day moving average price is $17.74. The stock’s market cap is $2.62 billion.

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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