Daniel J. Levin Sells 10,000 Shares of Box Inc (BOX) Stock

Box Inc (NYSE:BOX) Director Daniel J. Levin sold 10,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $22.39, for a total transaction of $223,900.00. Following the completion of the sale, the director now owns 5,790 shares of the company’s stock, valued at $129,638.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Box Inc (NYSE:BOX) traded down $0.36 during mid-day trading on Thursday, reaching $21.94. 1,938,376 shares of the company’s stock were exchanged, compared to its average volume of 1,960,000. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.00 and a quick ratio of 1.00. Box Inc has a one year low of $15.73 and a one year high of $24.10. The company has a market capitalization of $2,990.00 and a PE ratio of -18.28.

BOX (NYSE:BOX) last released its quarterly earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.13). BOX had a negative net margin of 33.20% and a negative return on equity of 313.90%. The company had revenue of $129.30 million during the quarter, compared to analysts’ expectations of $128.67 million. During the same period in the prior year, the company earned ($0.14) earnings per share. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. equities analysts forecast that Box Inc will post -1.17 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in BOX. Vanguard Group Inc. boosted its holdings in BOX by 79.0% during the second quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock valued at $145,518,000 after acquiring an additional 3,521,030 shares during the period. Whale Rock Capital Management LLC bought a new stake in BOX during the second quarter valued at about $32,382,000. JPMorgan Chase & Co. boosted its holdings in BOX by 3,041.0% during the second quarter. JPMorgan Chase & Co. now owns 1,366,608 shares of the software maker’s stock valued at $24,927,000 after acquiring an additional 1,323,099 shares during the period. Renaissance Technologies LLC boosted its holdings in BOX by 62.5% during the second quarter. Renaissance Technologies LLC now owns 2,510,200 shares of the software maker’s stock valued at $45,786,000 after acquiring an additional 965,800 shares during the period. Finally, Artisan Partners Limited Partnership bought a new stake in BOX during the third quarter valued at about $17,949,000. Institutional investors own 62.20% of the company’s stock.

BOX has been the subject of a number of recent research reports. UBS Group upgraded shares of BOX from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a report on Monday, September 25th. Raymond James Financial upgraded shares of BOX from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a report on Monday, September 25th. Canaccord Genuity reiterated a “buy” rating and issued a $24.00 price objective on shares of BOX in a report on Friday, October 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 price objective on shares of BOX in a report on Monday, October 9th. Finally, Oppenheimer reiterated a “buy” rating and issued a $22.00 price objective on shares of BOX in a report on Monday, October 16th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. BOX has an average rating of “Buy” and a consensus price target of $24.24.

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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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