Box Inc (NYSE:BOX) – DA Davidson issued their Q1 2021 EPS estimates for BOX in a research report issued to clients and investors on Thursday, November 29th. DA Davidson analyst R. Jaluria anticipates that the software maker will earn ($0.22) per share for the quarter. DA Davidson has a “Buy” rating and a $30.00 price objective on the stock. DA Davidson also issued estimates for BOX’s Q2 2021 earnings at ($0.25) EPS and Q3 2021 earnings at ($0.28) EPS.
BOX (NYSE:BOX) last released its quarterly earnings results on Wednesday, November 28th. The software maker reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. BOX had a negative net margin of 25.39% and a negative return on equity of 457.76%. The company had revenue of $155.94 million for the quarter, compared to the consensus estimate of $154.58 million. During the same period in the previous year, the firm earned ($0.13) EPS. BOX’s revenue was up 20.6% on a year-over-year basis.
A number of other research firms also recently commented on BOX. Rosenblatt Securities reiterated a “hold” rating and issued a $25.00 target price on shares of BOX in a report on Sunday, August 26th. JMP Securities reiterated an “outperform” rating and issued a $32.00 target price on shares of BOX in a report on Wednesday, August 29th. ValuEngine downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 30th. Deutsche Bank assumed coverage on shares of BOX in a report on Monday, October 8th. They issued a “hold” rating and a $22.00 target price on the stock. Finally, Raymond James dropped their target price on shares of BOX from $33.00 to $25.00 and set an “outperform” rating on the stock in a report on Monday, October 15th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $26.00.
NYSE BOX opened at $18.79 on Monday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.95 and a current ratio of 0.95. BOX has a 12 month low of $15.71 and a 12 month high of $29.79. The company has a market capitalization of $2.66 billion, a P/E ratio of -16.20 and a beta of 1.42.
In other news, CFO Dylan C. Smith sold 15,000 shares of BOX stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $24.71, for a total value of $370,650.00. Following the transaction, the chief financial officer now directly owns 1,169,274 shares of the company’s stock, valued at $28,892,760.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dana L. Evan sold 12,000 shares of BOX stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $23.89, for a total transaction of $286,680.00. Following the completion of the transaction, the director now directly owns 117,251 shares in the company, valued at $2,801,126.39. The disclosure for this sale can be found here. Over the last three months, insiders sold 127,000 shares of company stock worth $2,904,330. 8.51% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of BOX by 7.3% in the third quarter. Vanguard Group Inc. now owns 13,567,400 shares of the software maker’s stock worth $324,397,000 after acquiring an additional 919,030 shares in the last quarter. BlackRock Inc. increased its position in shares of BOX by 0.5% in the third quarter. BlackRock Inc. now owns 9,233,021 shares of the software maker’s stock worth $220,760,000 after acquiring an additional 47,843 shares in the last quarter. First Trust Advisors LP increased its position in shares of BOX by 24.9% in the third quarter. First Trust Advisors LP now owns 5,527,997 shares of the software maker’s stock worth $132,174,000 after acquiring an additional 1,103,627 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of BOX by 27.4% in the second quarter. Renaissance Technologies LLC now owns 4,586,100 shares of the software maker’s stock worth $114,607,000 after acquiring an additional 987,100 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of BOX by 270.9% in the second quarter. Morgan Stanley now owns 1,633,710 shares of the software maker’s stock worth $40,826,000 after acquiring an additional 1,193,210 shares in the last quarter. 64.92% of the stock is currently owned by institutional investors and hedge funds.
Box, Inc provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise content from anywhere or any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.
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