Box, Inc. (NYSE:BOX) SVP Peter M. Mcgoff sold 80,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $18.52, for a total value of $1,481,600.00. Following the completion of the sale, the senior vice president now directly owns 286,135 shares of the company’s stock, valued at approximately $5,299,220.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Box, Inc. (NYSE:BOX) traded down 1.05% during midday trading on Thursday, hitting $18.47. The stock had a trading volume of 915,227 shares. The stock’s market cap is $2.46 billion. Box, Inc. has a 52 week low of $13.56 and a 52 week high of $18.81. The company has a 50-day moving average price of $18.53 and a 200-day moving average price of $17.97.

Box (NYSE:BOX) last issued its quarterly earnings data on Wednesday, August 30th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.02. The business had revenue of $122.94 million for the quarter, compared to analysts’ expectations of $121.75 million. Box had a negative return on equity of 232.81% and a negative net margin of 34.11%. The firm’s quarterly revenue was up 28.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.14) EPS. Equities analysts expect that Box, Inc. will post ($0.45) EPS for the current year.

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Several brokerages have issued reports on BOX. ValuEngine raised Box from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Bank of America Corporation reaffirmed a “buy” rating and set a $22.00 price target (up previously from $21.00) on shares of Box in a report on Friday, June 2nd. Drexel Hamilton reaffirmed a “buy” rating and set a $28.00 price target (up previously from $26.00) on shares of Box in a report on Thursday, June 1st. Morgan Stanley reaffirmed an “equal weight” rating and set a $20.00 price target (up previously from $19.00) on shares of Box in a report on Thursday, June 1st. Finally, Mitsubishi UFJ Financial Group Inc raised Box from a “neutral” rating to an “overweight” rating in a report on Thursday, June 1st. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $22.52.

A number of institutional investors and hedge funds have recently modified their holdings of BOX. Teachers Advisors LLC lifted its holdings in Box by 60.6% during the 4th quarter. Teachers Advisors LLC now owns 151,416 shares of the software maker’s stock worth $2,099,000 after purchasing an additional 57,131 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Box by 39.5% during the 1st quarter. Russell Investments Group Ltd. now owns 21,638 shares of the software maker’s stock worth $352,000 after purchasing an additional 6,124 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Box by 27.1% during the 1st quarter. Wells Fargo & Company MN now owns 92,901 shares of the software maker’s stock worth $1,515,000 after purchasing an additional 19,816 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in Box by 102.9% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 25,598 shares of the software maker’s stock worth $418,000 after purchasing an additional 12,984 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Box by 29.1% during the 1st quarter. Bank of New York Mellon Corp now owns 252,752 shares of the software maker’s stock worth $4,123,000 after purchasing an additional 57,011 shares in the last quarter. 57.81% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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