Box, Inc. (BOX) Director Sells $4,290,745.06 in Stock
Box, Inc. (NYSE:BOX) Director Rory O’driscoll sold 233,066 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $18.41, for a total value of $4,290,745.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Rory O’driscoll also recently made the following trade(s):
- On Tuesday, June 27th, Rory O’driscoll sold 274,756 shares of Box stock. The stock was sold at an average price of $19.34, for a total value of $5,313,781.04.
- On Thursday, June 22nd, Rory O’driscoll sold 332,992 shares of Box stock. The shares were sold at an average price of $19.04, for a total value of $6,340,167.68.
Shares of Box, Inc. (BOX) traded up 0.38% during trading on Tuesday, reaching $18.28. The company’s stock had a trading volume of 1,095,328 shares. The company’s 50-day moving average is $18.44 and its 200-day moving average is $18.44. The company’s market capitalization is $2.43 billion. Box, Inc. has a 12 month low of $13.56 and a 12 month high of $18.81.
Box (NYSE:BOX) last posted its quarterly earnings data on Wednesday, August 30th. The software maker reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.02. Box had a negative net margin of 34.11% and a negative return on equity of 232.81%. The firm had revenue of $122.94 million during the quarter, compared to analysts’ expectations of $121.75 million. During the same quarter in the previous year, the company posted ($0.14) EPS. Box’s revenue was up 28.4% on a year-over-year basis. On average, analysts forecast that Box, Inc. will post ($0.45) EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. raised its position in Box by 81.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock worth $126,000 after purchasing an additional 3,092 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in Box in the 2nd quarter worth approximately $155,000. BNP Paribas Arbitrage SA raised its position in Box by 843.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock worth $178,000 after purchasing an additional 8,749 shares during the last quarter. StepStone Group LP bought a new position in Box in the 2nd quarter worth approximately $180,000. Finally, Amalgamated Bank bought a new position in Box in the 2nd quarter worth approximately $183,000. Hedge funds and other institutional investors own 57.40% of the company’s stock.
BOX has been the topic of several analyst reports. Drexel Hamilton restated a “buy” rating and issued a $28.00 target price on shares of Box in a research report on Monday, August 28th. Rosenblatt Securities restated a “buy” rating and issued a $25.00 target price on shares of Box in a research report on Monday, June 26th. Morgan Stanley restated an “equal weight” rating and issued a $20.00 target price (up from $19.00) on shares of Box in a research report on Thursday, June 1st. Wells Fargo & Company restated an “outperform” rating and issued a $27.00 target price (up from $24.00) on shares of Box in a research report on Thursday, June 1st. Finally, Mitsubishi UFJ Financial Group upgraded Box from a “neutral” rating to an “overweight” rating and raised their target price for the company from $17.50 to $23.00 in a research 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 stock. Box currently has a consensus rating of “Buy” and an average price target of $22.52.
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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