Box Inc. (NYSE:BOX) VP Jeff Mannie sold 3,756 shares of the stock in a transaction on Monday, September 26th. The shares were sold at an average price of $14.67, for a total value of $55,100.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Box Inc. (NYSE:BOX) opened at 15.09 on Thursday. The stock’s market capitalization is $1.91 billion. The firm has a 50-day moving average price of $13.78 and a 200 day moving average price of $12.27. Box Inc. has a 52-week low of $8.82 and a 52-week high of $15.11.
Box (NYSE:BOX) last announced its 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. Box had a negative net margin of 52.12% and a negative return on equity of 133.73%. The company had revenue of $95.70 million for the quarter, compared to the consensus estimate of $94.65 million. During the same period in the previous year, the business earned ($0.28) EPS. The company’s revenue was up 30.2% on a year-over-year basis. On average, equities research analysts predict that Box Inc. will post ($0.68) EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC purchased a new stake in shares of Box during the first quarter valued at about $126,000. Parametric Portfolio Associates LLC purchased a new stake in shares of Box during the second quarter valued at about $108,000. Royal Bank of Canada increased its stake in shares of Box by 83.0% in the first quarter. Royal Bank of Canada now owns 10,986 shares of the company’s stock valued at $134,000 after buying an additional 4,983 shares during the period. Capstone Investment Advisors LLC purchased a new stake in shares of Box during the second quarter valued at about $129,000. Finally, Quantbot Technologies LP increased its stake in shares of Box by 11.7% in the second quarter. Quantbot Technologies LP now owns 17,786 shares of the company’s stock valued at $183,000 after buying an additional 1,860 shares during the period. 26.87% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on the company. Vetr cut Box from a “strong-buy” rating to a “buy” rating and set a $16.45 target price on the stock. in a report on Wednesday. Zacks Investment Research cut Box from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 2nd. JPMorgan Chase & Co. cut Box from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $18.00 to $14.00 in a report on Thursday, June 2nd. Mitsubishi UFJ Financial Group assumed coverage on Box in a report on Friday, September 16th. They set a “neutral” rating and a $15.00 target price on the stock. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Box in a report on Thursday, September 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.90.
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.
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