Insider Selling: Box Inc (NYSE:BOX) Director Sells 20,000 Shares of Stock

Share on StockTwits

Box Inc (NYSE:BOX) Director Josh Stein sold 20,000 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $18.19, for a total transaction of $363,800.00. Following the completion of the sale, the director now directly owns 3,699 shares in the company, valued at $67,284.81. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of BOX stock traded up $0.11 during mid-day trading on Wednesday, hitting $18.38. 2,077,000 shares of the stock were exchanged, compared to its average volume of 2,330,420. Box Inc has a twelve month low of $15.30 and a twelve month high of $29.79. The stock has a market capitalization of $2.71 billion, a P/E ratio of -19.15 and a beta of 1.50. The company has a debt-to-equity ratio of 10.68, a current ratio of 0.83 and a quick ratio of 0.83.

BOX (NYSE:BOX) last released its quarterly earnings results on Monday, June 3rd. The software maker reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $161.46 million. During the same period last year, the company earned ($0.07) EPS. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, analysts forecast that Box Inc will post -0.94 EPS for the current year.

A number of equities research analysts recently commented on the stock. Canaccord Genuity reissued a “buy” rating and issued a $24.00 price objective (down from $30.00) on shares of BOX in a research note on Thursday, February 28th. Morgan Stanley lowered their price objective on shares of BOX from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 28th. Rosenblatt Securities reissued a “neutral” rating and issued a $21.00 price objective (down from $27.00) on shares of BOX in a research note on Thursday, February 28th. DA Davidson reissued a “buy” rating and issued a $25.00 price objective on shares of BOX in a research note on Friday, February 22nd. Finally, Zacks Investment Research cut shares of BOX from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $21.82.

Several institutional investors have recently added to or reduced their stakes in BOX. Rhumbline Advisers boosted its stake in shares of BOX by 48.9% during the 4th quarter. Rhumbline Advisers now owns 168,770 shares of the software maker’s stock worth $2,849,000 after purchasing an additional 55,452 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of BOX by 22.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,905 shares of the software maker’s stock worth $302,000 after purchasing an additional 3,323 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in shares of BOX by 562.3% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 99,027 shares of the software maker’s stock worth $1,672,000 after purchasing an additional 84,074 shares during the last quarter. Lindbrook Capital LLC acquired a new stake in shares of BOX during the 4th quarter worth about $716,000. Finally, B & T Capital Management DBA Alpha Capital Management boosted its stake in shares of BOX by 7.8% during the 4th quarter. B & T Capital Management DBA Alpha Capital Management now owns 132,115 shares of the software maker’s stock worth $2,230,000 after purchasing an additional 9,561 shares during the last quarter. 66.95% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: Box Inc (NYSE:BOX) Director Sells 20,000 Shares of Stock” was originally published by Ticker Report and is owned by of Ticker Report. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.tickerreport.com/banking-finance/4379901/insider-selling-box-inc-nysebox-director-sells-20000-shares-of-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: Systematic Risk and Investors

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.



Latest News

SANDVIK AB/ADR  to Release Earnings on Wednesday
SANDVIK AB/ADR to Release Earnings on Wednesday
Pzena Investment Management  to Release Quarterly Earnings on Wednesday
Pzena Investment Management to Release Quarterly Earnings on Wednesday
CROWN CASTLE IN/SH SH  to Release Earnings on Wednesday
CROWN CASTLE IN/SH SH to Release Earnings on Wednesday
Triumph Bancorp  Set to Announce Quarterly Earnings on Wednesday
Triumph Bancorp Set to Announce Quarterly Earnings on Wednesday
Eagle Bancorp  Set to Announce Earnings on Wednesday
Eagle Bancorp Set to Announce Earnings on Wednesday
Cathay General Bancorp  to Release Quarterly Earnings on Wednesday
Cathay General Bancorp to Release Quarterly Earnings on Wednesday


© 2006-2019 Ticker Report