Box, Inc. (NYSE:BOX) SVP Peter M. Mcgoff sold 80,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $18.52, for a total value of $1,481,600.00. Following the completion of the transaction, the senior vice president now directly owns 286,135 shares of the company’s stock, valued at approximately $5,299,220.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Box, Inc. (NYSE BOX) opened at 18.46 on Friday. The stock’s 50 day moving average price is $18.52 and its 200-day moving average price is $18.02. Box, Inc. has a 12 month low of $13.56 and a 12 month high of $18.81. The firm’s market capitalization is $2.45 billion.
Box (NYSE:BOX) last released its quarterly earnings data on Wednesday, August 30th. The software maker reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. The company had revenue of $122.94 million for the quarter, compared to the consensus estimate of $121.75 million. Box had a negative return on equity of 232.81% and a negative net margin of 34.11%. The company’s quarterly revenue was up 28.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.14) earnings per share. On average, equities analysts anticipate that Box, Inc. will post ($0.45) earnings per share for the current fiscal year.
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BOX has been the subject of a number of analyst reports. BidaskClub raised Box from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. ValuEngine raised Box from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Mitsubishi UFJ Financial Group raised Box to an “overweight” rating and increased their price target for the company from $23.00 to $24.00 in a report on Thursday, August 31st. Mitsubishi UFJ Financial Group Inc raised Box from a “neutral” rating to an “overweight” rating in a report on Thursday, June 1st. Finally, Drexel Hamilton reissued a “buy” rating and issued a $28.00 price target on shares of Box in a report on Tuesday, June 27th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Box presently has a consensus rating of “Buy” and a consensus price target of $22.52.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC boosted its holdings in Box by 0.8% during the second quarter. Essex Investment Management Co. LLC now owns 75,775 shares of the software maker’s stock valued at $1,382,000 after purchasing an additional 628 shares in the last quarter. Capital One National Association boosted its holdings in Box by 3.8% during the second quarter. Capital One National Association now owns 25,412 shares of the software maker’s stock valued at $464,000 after purchasing an additional 931 shares in the last quarter. American International Group Inc. boosted its holdings in Box by 7.1% during the first quarter. American International Group Inc. now owns 30,063 shares of the software maker’s stock valued at $490,000 after purchasing an additional 1,991 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Box by 81.3% during the second quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock valued at $126,000 after purchasing an additional 3,092 shares in the last quarter. Finally, Pacific Alternative Asset Management Company LLC boosted its holdings in Box by 5.6% during the second quarter. Pacific Alternative Asset Management Company LLC now owns 69,502 shares of the software maker’s stock valued at $1,268,000 after purchasing an additional 3,695 shares in the last quarter. 57.81% of the stock is currently owned by institutional investors.
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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