Box, Inc. (NYSE:BOX) Director Dana L. Evan sold 7,500 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $21.15, for a total value of $158,625.00. Following the completion of the transaction, the director now owns 21,399 shares of the company’s stock, valued at $452,588.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Box, Inc. (NYSE BOX) traded up $0.11 on Friday, hitting $22.25. The stock had a trading volume of 1,410,000 shares, compared to its average volume of 2,190,000. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.53. The company has a market capitalization of $3,030.00 and a P/E ratio of -18.54. Box, Inc. has a 52 week low of $15.73 and a 52 week high of $24.10.
BOX (NYSE:BOX) last announced its earnings results on Wednesday, November 29th. The software maker reported ($0.13) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.13). The business 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%. The firm’s revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.14) earnings per share. research analysts predict that Box, Inc. will post -1.17 EPS for the current fiscal year.
Several analysts have recently weighed in on the company. Drexel Hamilton restated a “buy” rating and set a $28.00 price target on shares of BOX in a report on Monday, November 27th. Raymond James Financial upgraded shares of BOX from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a report on Monday, September 25th. Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 price objective on shares of BOX in a report on Monday, October 9th. Canaccord Genuity reiterated a “buy” rating and set a $25.00 target price on shares of BOX in a research report on Thursday, November 30th. Finally, UBS Group raised shares of BOX from a “market perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a report on Monday, September 25th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $24.24.
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of 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 last quarter. Wells Fargo & Company MN increased 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 worth $63,162,000 after buying an additional 3,369,948 shares during the period. Whale Rock Capital Management LLC bought a new position in BOX during the second quarter worth $32,382,000. JPMorgan Chase & Co. raised its stake in BOX by 3,041.0% during the second quarter. JPMorgan Chase & Co. now owns 1,366,608 shares of the software maker’s stock worth $24,927,000 after buying an additional 1,323,099 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in BOX by 62.5% in the second quarter. Renaissance Technologies LLC now owns 2,510,200 shares of the software maker’s stock valued at $45,786,000 after buying an additional 965,800 shares during the period. Hedge funds and other institutional investors own 62.20% of the company’s stock.
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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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