Box, Inc. (BOX) Director Daniel J. Levin Sells 20,000 Shares of Stock

Box, Inc. (NYSE:BOX) Director Daniel J. Levin sold 20,000 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $18.53, for a total transaction of $370,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Box, Inc. (NYSE:BOX) opened at 18.28 on Wednesday. Box, Inc. has a 52 week low of $13.56 and a 52 week high of $18.81. The company’s market cap is $2.43 billion. The firm’s 50-day moving average is $18.44 and its 200-day moving average is $18.44.

Box (NYSE:BOX) last posted its quarterly earnings data on Wednesday, August 30th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.02. The firm had revenue of $122.94 million during the quarter, compared to the consensus estimate of $121.75 million. Box had a negative net margin of 34.11% and a negative return on equity of 232.81%. The business’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.14) EPS. On average, analysts expect that Box, Inc. will post ($0.45) EPS for the current fiscal year.

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Several equities research analysts recently weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $17.00 target price on shares of Box in a research note on Wednesday, August 16th. Drexel Hamilton reiterated a “buy” rating and issued a $28.00 target price (up previously from $26.00) on shares of Box in a research note on Thursday, June 1st. BidaskClub upgraded shares of Box from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Canaccord Genuity reiterated a “buy” rating and issued a $24.00 target price (up previously from $22.00) on shares of Box in a research note on Thursday, June 1st. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $22.00 target price (up previously from $21.00) on shares of Box in a research note on Friday, June 2nd. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Box presently has an average rating of “Buy” and a consensus price target of $22.52.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Box by 79.0% in the 2nd quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock valued at $145,518,000 after purchasing an additional 3,521,030 shares during the period. Bares Capital Management Inc. boosted its holdings in Box by 2.7% in the 1st quarter. Bares Capital Management Inc. now owns 5,926,050 shares of the software maker’s stock valued at $96,654,000 after purchasing an additional 157,644 shares during the period. Wells Fargo & Company MN boosted its holdings in Box by 3,627.5% in the 2nd quarter. Wells Fargo & Company MN now owns 3,462,849 shares of the software maker’s stock valued at $63,162,000 after purchasing an additional 3,369,948 shares during the period. First Trust Advisors LP boosted its holdings in Box by 32.2% in the 2nd quarter. First Trust Advisors LP now owns 2,859,338 shares of the software maker’s stock valued at $52,154,000 after purchasing an additional 697,214 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Box by 62.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,510,200 shares of the software maker’s stock valued at $45,786,000 after purchasing an additional 965,800 shares during the period. 57.40% of the stock is owned by hedge funds and other institutional investors.

About Box

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.

Insider Buying and Selling by Quarter for Box (NYSE:BOX)

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