Insider Selling: Box Inc (BOX) CFO Sells 13,000 Shares of Stock

Box Inc (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $20.42, for a total value of $265,460.00. Following the sale, the chief financial officer now directly owns 13,000 shares in the company, valued at $265,460. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Box Inc (NYSE:BOX) traded down $0.13 on Tuesday, hitting $20.37. The stock had a trading volume of 1,116,921 shares, compared to its average volume of 1,480,000. Box Inc has a 52 week low of $15.73 and a 52 week high of $24.10. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.53. The company has a market capitalization of $2,770.00, a P/E ratio of -16.98 and a beta of 1.20.

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

Several institutional investors and hedge funds have recently modified their holdings of BOX. Vanguard Group Inc. raised 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. Artisan Partners Limited Partnership bought a new position in shares of BOX during the third quarter worth about $17,949,000. First Trust Advisors LP raised its position in shares of BOX by 31.2% during the third quarter. First Trust Advisors LP now owns 3,752,080 shares of the software maker’s stock worth $72,490,000 after acquiring an additional 892,742 shares during the last quarter. Bares Capital Management Inc. raised its position in shares of BOX by 10.1% during the third quarter. Bares Capital Management Inc. now owns 6,391,461 shares of the software maker’s stock worth $123,483,000 after acquiring an additional 588,875 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of BOX by 9.6% during the fourth quarter. BlackRock Inc. now owns 5,935,806 shares of the software maker’s stock worth $125,362,000 after acquiring an additional 518,179 shares during the last quarter. Institutional investors own 62.02% of the company’s stock.

A number of analysts have recently commented on BOX shares. Vetr raised BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 price target on the stock in a research note on Wednesday, November 29th. Canaccord Genuity reissued a “buy” rating and set a $25.00 price target on shares of BOX in a research note on Thursday, November 30th. Oppenheimer reissued a “buy” rating and set a $24.00 price target on shares of BOX in a research note on Thursday, November 30th. Drexel Hamilton reissued a “buy” rating and set a $28.00 price target on shares of BOX in a research note on Monday, November 27th. Finally, JMP Securities lifted their price target on BOX to $25.00 and gave the company an “outperform” rating in a research note on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus 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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