Box (BOX) Director Sells $2,087,000.00 in Stock

Box (NYSE:BOX) Director Daniel J. Levin sold 100,000 shares of BOX stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $20.87, for a total value of $2,087,000.00. Following the transaction, the director now directly owns 5,790 shares in the company, valued at $120,837.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

NYSE:BOX opened at $21.31 on Friday. The company has a debt-to-equity ratio of 4.48, a quick ratio of 1.01 and a current ratio of 1.01. Box has a 1 year low of $16.76 and a 1 year high of $24.50. The company has a market capitalization of $2,913.87, a price-to-earnings ratio of -18.37 and a beta of 1.14.

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

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in BOX by 9.6% in the 4th quarter. BlackRock Inc. now owns 5,935,806 shares of the software maker’s stock worth $125,362,000 after acquiring an additional 518,179 shares during the last quarter. Millennium Management LLC increased its stake in BOX by 16.7% in the 4th quarter. Millennium Management LLC now owns 4,314,184 shares of the software maker’s stock worth $91,116,000 after acquiring an additional 616,044 shares during the last quarter. First Trust Advisors LP increased its stake in BOX by 2.6% in the 4th quarter. First Trust Advisors LP now owns 3,851,389 shares of the software maker’s stock worth $81,341,000 after acquiring an additional 99,309 shares during the last quarter. Renaissance Technologies LLC increased its stake in BOX by 16.5% in the 4th quarter. Renaissance Technologies LLC now owns 3,203,600 shares of the software maker’s stock worth $67,660,000 after acquiring an additional 454,700 shares during the last quarter. Finally, AO Asset Management LP increased its stake in BOX by 27.3% in the 4th quarter. AO Asset Management LP now owns 1,606,800 shares of the software maker’s stock worth $33,936,000 after acquiring an additional 344,500 shares during the last quarter. 73.79% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on the company. Monness Crespi & Hardt assumed coverage on BOX in a research note on Wednesday, April 11th. They set a “neutral” rating on the stock. ValuEngine raised BOX from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research raised BOX from a “sell” rating to a “hold” rating in a research note on Thursday, March 8th. Canaccord Genuity reissued a “buy” rating on shares of BOX in a research note on Monday, March 5th. Finally, Vetr raised BOX from a “hold” rating to a “strong-buy” rating and set a $26.97 target price on the stock in a research note on Tuesday, February 27th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $24.40.

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BOX Company Profile

Box, Inc provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise 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.

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

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