Box Inc (NYSE:BOX) CFO Sells $270,300.00 in Stock

Box Inc (NYSE:BOX) CFO Dylan C. Smith sold 15,000 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $18.02, for a total transaction of $270,300.00. Following the sale, the chief financial officer now directly owns 1,084,280 shares in the company, valued at $19,538,725.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

NYSE:BOX traded up $0.17 during mid-day trading on Wednesday, hitting $17.89. The company’s stock had a trading volume of 2,368,500 shares, compared to its average volume of 2,325,507. Box Inc has a 1 year low of $15.30 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 10.68, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of -18.64 and a beta of 1.49.

BOX (NYSE:BOX) last posted its quarterly earnings results on Monday, June 3rd. The software maker reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. BOX had a negative net margin of 21.37% and a negative return on equity of 446.05%. The company had revenue of $163.00 million for the quarter, compared to analyst estimates of $161.46 million. During the same period in the prior year, the company earned ($0.07) earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. As a group, equities research analysts predict that Box Inc will post -0.94 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on BOX. ValuEngine lowered shares of BOX from a “buy” rating to a “hold” rating in a report on Monday, May 13th. DA Davidson dropped their price objective on shares of BOX to $19.00 and set a “buy” rating on the stock in a report on Tuesday, June 4th. Canaccord Genuity lowered shares of BOX from a “buy” rating to a “hold” rating and dropped their price objective for the company from $24.00 to $16.00 in a report on Tuesday, June 4th. Deutsche Bank dropped their price objective on shares of BOX from $21.00 to $17.00 and set a “hold” rating on the stock in a report on Tuesday, June 4th. Finally, Morgan Stanley set a $17.00 price objective on shares of BOX and gave the company a “hold” rating in a report on Tuesday, June 4th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $21.82.

A number of large investors have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. boosted its holdings in BOX by 15.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,750 shares of the software maker’s stock valued at $63,000 after purchasing an additional 500 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in BOX by 22.2% in the fourth quarter. Westside Investment Management Inc. now owns 3,300 shares of the software maker’s stock valued at $58,000 after purchasing an additional 600 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in BOX by 0.6% in the first quarter. JPMorgan Chase & Co. now owns 160,745 shares of the software maker’s stock valued at $3,104,000 after purchasing an additional 989 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in BOX by 5.1% in the fourth quarter. Natixis Advisors L.P. now owns 24,412 shares of the software maker’s stock valued at $412,000 after purchasing an additional 1,183 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in BOX by 6.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 21,866 shares of the software maker’s stock valued at $423,000 after purchasing an additional 1,235 shares during the last quarter. 66.95% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This news story was posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2019/06/12/box-inc-nysebox-cfo-sells-270300-00-in-stock.html.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their 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.

Featured Story: Bollinger Bands

Insider Buying and Selling by Quarter for BOX (NYSE:BOX)

Receive News & Ratings for BOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOX and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply