Box, Inc. (BOX) CFO Dylan C. Smith Sells 13,000 Shares

Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $21.10, for a total value of $274,300.00. Following the sale, the chief financial officer now owns 13,000 shares of the company’s stock, valued at approximately $274,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Box, Inc. (NYSE BOX) traded up $0.11 during trading hours on Friday, hitting $22.25. The company had a trading volume of 1,410,000 shares, compared to its average volume of 2,190,000. The stock has a market capitalization of $3,030.00 and a PE ratio of -18.54. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.00 and a current ratio of 1.00. Box, Inc. has a one year low of $15.73 and a one year high of $24.10.

BOX (NYSE:BOX) last announced its earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.13). The company had revenue of $129.30 million for the quarter, compared to analysts’ expectations of $128.67 million. BOX had a negative return on equity of 313.90% and a negative net margin of 33.20%. BOX’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. analysts anticipate that Box, Inc. will post -1.17 earnings per share for the current year.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of BOX by 79.0% during the second quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock valued at $145,518,000 after buying an additional 3,521,030 shares during the last quarter. Bares Capital Management Inc. boosted its position in shares of BOX by 10.1% during the third quarter. Bares Capital Management Inc. now owns 6,391,461 shares of the software maker’s stock valued at $123,483,000 after buying an additional 588,875 shares during the last quarter. First Trust Advisors LP boosted its position in shares of BOX by 31.2% during the third quarter. First Trust Advisors LP now owns 3,752,080 shares of the software maker’s stock valued at $72,490,000 after buying an additional 892,742 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of BOX by 3,627.5% during the second quarter. Wells Fargo & Company MN now owns 3,462,849 shares of the software maker’s stock valued at $63,162,000 after buying an additional 3,369,948 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in BOX by 62.5% in the second quarter. Renaissance Technologies LLC now owns 2,510,200 shares of the software maker’s stock worth $45,786,000 after purchasing an additional 965,800 shares during the last quarter. 62.20% of the stock is currently owned by institutional investors.

Several equities research analysts have recently commented on the company. Drexel Hamilton restated a “buy” rating and set a $28.00 price objective on shares of BOX in a report on Monday, November 27th. Oppenheimer restated a “buy” rating and set a $24.00 price objective on shares of BOX in a report on Thursday, November 30th. JMP Securities boosted their price objective on BOX to $25.00 and gave the company an “outperform” rating in a report on Thursday, November 30th. Vetr upgraded BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 price objective for the company in a report on Wednesday, November 29th. Finally, Canaccord Genuity restated a “buy” rating and set a $25.00 price objective on shares of BOX in a report on Thursday, November 30th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. BOX has an average rating of “Buy” and a consensus price target of $24.24.

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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.

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

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