Box Inc. (NYSE:BOX) COO Daniel J. Levin sold 5,000 shares of Box stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $14.61, for a total transaction of $73,050.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Box Inc. (NYSE:BOX) opened at 14.51 on Monday. The firm’s market capitalization is $1.84 billion. The firm’s 50-day moving average price is $13.56 and its 200-day moving average price is $12.22. Box Inc. has a 12 month low of $8.82 and a 12 month high of $14.94.
Box (NYSE:BOX) last posted its quarterly earnings results on Wednesday, August 31st. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.05. The business had revenue of $95.70 million for the quarter, compared to analysts’ expectations of $94.65 million. Box had a negative return on equity of 133.73% and a negative net margin of 52.12%. The firm’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.28) earnings per share. On average, equities analysts anticipate that Box Inc. will post ($0.68) earnings per share for the current year.
A number of equities research analysts recently weighed in on BOX shares. Vetr upgraded shares of Box from a “hold” rating to a “strong-buy” rating and set a $16.50 price objective on the stock in a research note on Monday, September 5th. Zacks Investment Research cut shares of Box from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 16th. Bank of America Corp. restated a “buy” rating and set a $18.00 price objective on shares of Box in a research note on Monday, August 22nd. Veritas Investment Research restated a “strong-buy” rating on shares of Box in a research note on Friday, August 5th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $18.00 price objective on shares of Box in a research note on Monday, August 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $17.39.
Institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its position in Box by 268.5% in the second quarter. California State Teachers Retirement System now owns 102,363 shares of the company’s stock valued at $1,058,000 after buying an additional 74,585 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Box by 93.6% in the second quarter. Bank of New York Mellon Corp now owns 158,830 shares of the company’s stock valued at $1,642,000 after buying an additional 76,779 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new position in Box during the second quarter valued at about $676,000. Marcus Capital LLC boosted its position in Box by 0.6% in the second quarter. Marcus Capital LLC now owns 118,200 shares of the company’s stock valued at $1,222,000 after buying an additional 700 shares in the last quarter. Finally, Carl Domino Inc boosted its position in Box by 33.3% in the second quarter. Carl Domino Inc now owns 24,000 shares of the company’s stock valued at $248,000 after buying an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 27.08% of the company’s stock.
Box Company Profile
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.
Receive News & Ratings for Box Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Box Inc. and related companies with MarketBeat.com's FREE daily email newsletter.