Box, Inc. (BOX) CFO Dylan C. Smith Sells 13,000 Shares
Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of Box stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $19.06, for a total transaction of $247,780.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Box, Inc. (NYSE BOX) traded down 0.05% during mid-day trading on Tuesday, reaching $19.12. 1,071,224 shares of the company’s stock traded hands. Box, Inc. has a 52 week low of $13.56 and a 52 week high of $19.44. The stock’s market capitalization is $2.56 billion. The stock’s 50 day moving average is $18.60 and its 200-day moving average is $18.60.
Box (NYSE:BOX) last announced its quarterly earnings results on Wednesday, August 30th. The software maker reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. The company had revenue of $122.94 million for the quarter, compared to analyst estimates of $121.75 million. Box had a negative net margin of 34.11% and a negative return on equity of 232.81%. The firm’s revenue was up 28.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.14) earnings per share. On average, equities analysts anticipate that Box, Inc. will post ($0.45) EPS for the current year.
A number of brokerages have recently issued reports on BOX. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of Box in a research report on Sunday, September 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Box in a research report on Wednesday, August 16th. Mitsubishi UFJ Financial Group raised shares of Box to an “overweight” rating and lifted their price objective for the stock from $23.00 to $24.00 in a research report on Thursday, August 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Box in a research report on Monday, July 17th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Box in a research report on Monday, August 28th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Box currently has an average rating of “Buy” and a consensus price target of $23.32.
Several institutional investors and hedge funds have recently made changes to their positions in BOX. Vanguard Group Inc. grew its position in shares of Box by 79.0% during the second quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock worth $145,518,000 after acquiring an additional 3,521,030 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Box by 3,627.5% during the second quarter. Wells Fargo & Company MN now owns 3,462,849 shares of the software maker’s stock worth $63,162,000 after acquiring an additional 3,369,948 shares during the last quarter. Whale Rock Capital Management LLC purchased a new position in shares of Box during the second quarter worth approximately $32,382,000. JPMorgan Chase & Co. grew its position in shares of Box by 3,041.0% during the second quarter. JPMorgan Chase & Co. now owns 1,366,608 shares of the software maker’s stock worth $24,927,000 after acquiring an additional 1,323,099 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Box by 453.9% during the first quarter. Renaissance Technologies LLC now owns 1,544,400 shares of the software maker’s stock worth $25,189,000 after acquiring an additional 1,265,600 shares during the last quarter. Institutional investors and hedge funds own 57.37% of the company’s stock.
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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