Box, Inc. (NYSE:BOX) SVP Peter M. Mcgoff sold 70,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $20.30, for a total value of $1,421,000.00. Following the completion of the transaction, the senior vice president now owns 348,748 shares of the company’s stock, valued at $7,079,584.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Box, Inc. (NYSE:BOX) traded up $1.03 during trading on Thursday, hitting $21.53. The stock had a trading volume of 3,067,700 shares, compared to its average volume of 1,679,516. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.02 and a current ratio of 1.02. Box, Inc. has a fifty-two week low of $13.56 and a fifty-two week high of $24.10.

BOX (NYSE:BOX) last announced its quarterly earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.13). The business had revenue of $129.30 million for the quarter, compared to analysts’ expectations of $128.67 million. BOX had a negative return on equity of 270.51% and a negative net margin of 33.20%. The business’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.14) EPS. research analysts expect that Box, Inc. will post -1.17 EPS for the current year.

BOX has been the subject of a number of research reports. Canaccord Genuity boosted their price target on BOX from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Drexel Hamilton reissued a “buy” rating and set a $28.00 price target on shares of BOX in a research report on Monday, August 28th. Rosenblatt Securities reissued a “buy” rating and set a $25.00 price target on shares of BOX in a research report on Friday, September 1st. Mitsubishi UFJ Financial Group raised BOX to an “overweight” rating and boosted their price target for the company from $23.00 to $24.00 in a research report on Thursday, August 31st. Finally, UBS raised BOX from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a research report on Monday, September 25th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. BOX has a consensus rating of “Buy” and an average target price of $24.24.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jasper Ridge Partners L.P. increased its position in BOX by 54.0% in the 2nd quarter. Jasper Ridge Partners L.P. now owns 40,783 shares of the software maker’s stock valued at $744,000 after acquiring an additional 14,305 shares during the period. JPMorgan Chase & Co. boosted its stake in BOX by 3,041.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,366,608 shares of the software maker’s stock valued at $24,927,000 after purchasing an additional 1,323,099 shares in the last quarter. State Street Corp boosted its stake in BOX by 56.7% during the 2nd quarter. State Street Corp now owns 1,372,520 shares of the software maker’s stock valued at $25,034,000 after purchasing an additional 496,588 shares in the last quarter. Baltimore Washington Financial Advisors Inc. boosted its stake in BOX by 12.1% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 186,385 shares of the software maker’s stock valued at $3,601,000 after purchasing an additional 20,160 shares in the last quarter. Finally, Lucha Capital Management LP bought a new position in BOX during the 2nd quarter valued at $7,200,000. Hedge funds and other institutional investors own 63.42% of the company’s stock.

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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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