Daniel J. Levin Sells 20,000 Shares of Box, Inc. (BOX) Stock
Box, Inc. (NYSE:BOX) President Daniel J. Levin sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $18.60, for a total value of $372,000.00. Following the completion of the transaction, the president now directly owns 3,752 shares in the company, valued at $69,787.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Box, Inc. (NYSE:BOX) traded up 1.24% during trading on Wednesday, reaching $18.84. The company’s stock had a trading volume of 724,452 shares. Box, Inc. has a 1-year low of $12.26 and a 1-year high of $20.91. The company’s 50-day moving average price is $18.82 and its 200 day moving average price is $17.95. The stock’s market capitalization is $2.48 billion.
Box (NYSE:BOX) last posted its earnings results on Wednesday, May 31st. The software maker reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.01. The business had revenue of $117.20 million for the quarter, compared to analysts’ expectations of $114.70 million. Box had a negative net margin of 36.01% and a negative return on equity of 187.98%. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. Analysts anticipate that Box, Inc. will post ($0.46) EPS for the current year.
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BOX has been the topic of several research reports. Pacific Crest reissued an “overweight” rating and issued a $25.00 price objective on shares of Box in a research report on Wednesday, May 31st. Mitsubishi UFJ Financial Group raised Box from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $17.50 to $23.00 in a research report on Thursday, June 1st. Canaccord Genuity reissued a “buy” rating and issued a $24.00 price objective (up from $22.00) on shares of Box in a research report on Thursday, June 1st. Wells Fargo & Company reissued an “outperform” rating and issued a $27.00 price objective (up from $24.00) on shares of Box in a research report on Thursday, June 1st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $17.00 price objective (up from $15.00) on shares of Box in a research report on Thursday, June 1st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $22.24.
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Box by 79.0% in the second quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock worth $145,518,000 after buying an additional 3,521,030 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Box by 3,627.5% in the second quarter. Wells Fargo & Company MN now owns 3,462,849 shares of the software maker’s stock valued at $63,162,000 after buying an additional 3,369,948 shares in the last quarter. Whale Rock Capital Management LLC purchased a new stake in shares of Box during the second quarter valued at $32,382,000. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Box during the first quarter valued at $21,283,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Box during the first quarter valued at $21,283,000. 36.59% of the stock is currently owned by institutional investors and hedge funds.
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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