Box, Inc. (NYSE:BOX) Director Daniel J. Levin sold 50,000 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $19.95, for a total value of $997,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Daniel J. Levin also recently made the following trade(s):
- On Friday, September 15th, Daniel J. Levin sold 20,000 shares of Box stock. The shares were sold at an average price of $18.53, for a total value of $370,600.00.
Shares of Box, Inc. (NYSE BOX) opened at 20.55 on Thursday. The firm’s market capitalization is $2.75 billion. Box, Inc. has a 12 month low of $13.56 and a 12 month high of $20.57. The firm’s 50-day moving average price is $18.90 and its 200 day moving average price is $18.90.
Box (NYSE:BOX) last posted its quarterly earnings data on Wednesday, August 30th. The software maker reported ($0.11) EPS 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 analyst estimates of $121.75 million. Box had a negative net margin of 34.11% and a negative return on equity of 232.81%. Box’s quarterly revenue was up 28.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.14) earnings per share. 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 topic of several research reports. Rosenblatt Securities reissued a “buy” rating and issued a $25.00 target price on shares of Box in a research report on Monday, June 26th. Drexel Hamilton reissued a “buy” rating and issued a $28.00 target price on shares of Box in a research report on Tuesday, June 27th. BidaskClub downgraded Box from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and issued a $17.00 target price on shares of Box in a research report on Wednesday, August 16th. Finally, Mitsubishi UFJ Financial Group raised Box to an “overweight” rating and upped their target price for the company from $23.00 to $24.00 in a research report on Thursday, August 31st. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $23.40.
A number of hedge funds and other institutional investors have recently bought and sold shares of BOX. Ameritas Investment Partners Inc. increased its stake in Box by 81.3% in 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 during the period. Hillsdale Investment Management Inc. acquired a new position in Box in the second quarter valued at $155,000. Two Sigma Securities LLC acquired a new position in Box in the first quarter valued at $177,000. BNP Paribas Arbitrage SA increased its stake in Box by 843.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock valued at $178,000 after purchasing an additional 8,749 shares during the period. Finally, StepStone Group LP acquired a new position in Box in the second quarter valued at $180,000. Institutional investors own 57.37% of the company’s stock.
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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