BOX (BOX) Stock Price Down 0.4%

Box (NYSE:BOX)’s share price dropped 0.4% on Monday . The company traded as low as $20.82 and last traded at $20.98. Approximately 1,059,860 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 2,181,240 shares. The stock had previously closed at $20.89.

BOX has been the subject of a number of recent research reports. Drexel Hamilton restated a “buy” rating and set a $28.00 price target on shares of BOX in a research note on Monday, November 27th. Vetr upgraded BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 price target for the company in a research note on Wednesday, November 29th. JMP Securities boosted their price target on BOX to $25.00 and gave the company an “outperform” rating in a research note on Thursday, November 30th. Oppenheimer restated a “buy” rating and set a $24.00 price target on shares of BOX in a research note on Thursday, November 30th. Finally, Canaccord Genuity restated a “buy” rating and set a $25.00 price target on shares of BOX in a research note on Thursday, November 30th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $24.40.

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The firm has a market capitalization of $2,868.55, a P/E ratio of -18.09 and a beta of 1.01. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 4.48.

BOX (NYSE:BOX) last announced its quarterly earnings data on Wednesday, February 28th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.02. The company had revenue of $136.70 million during the quarter, compared to the consensus estimate of $136.61 million. BOX had a negative return on equity of 433.21% and a negative net margin of 30.62%. The firm’s revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.10) EPS. equities analysts predict that Box will post -1.01 earnings per share for the current fiscal year.

In other BOX news, Director Rory O’driscoll sold 500,000 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $21.55, for a total value of $10,775,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $21.10, for a total value of $274,300.00. Following the completion of the transaction, the chief financial officer now owns 13,000 shares of the company’s stock, valued at $274,300. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 723,079 shares of company stock valued at $15,443,189. 20.59% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Bluestein R H & Co. boosted its stake in BOX by 25.0% in the 4th quarter. Bluestein R H & Co. now owns 12,500 shares of the software maker’s stock worth $264,000 after purchasing an additional 2,500 shares during the period. Teachers Advisors LLC boosted its stake in BOX by 1.0% in the 4th quarter. Teachers Advisors LLC now owns 325,145 shares of the software maker’s stock worth $6,867,000 after purchasing an additional 3,147 shares during the period. Baltimore Washington Financial Advisors Inc. boosted its stake in BOX by 1.7% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 189,635 shares of the software maker’s stock worth $4,005,000 after purchasing an additional 3,250 shares during the period. American International Group Inc. boosted its stake in BOX by 8.1% in the 3rd quarter. American International Group Inc. now owns 52,673 shares of the software maker’s stock worth $1,018,000 after purchasing an additional 3,939 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in BOX by 24.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 25,980 shares of the software maker’s stock worth $474,000 after purchasing an additional 5,064 shares during the period. Institutional investors and hedge funds own 73.79% of the company’s stock.

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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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