Insider Selling: Box, Inc. (NYSE:BOX) Director Sells 7,500 Shares of Stock

Box, Inc. (NYSE:BOX) Director Dana L. Evan sold 7,500 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $21.65, for a total transaction of $162,375.00. Following the sale, the director now directly owns 21,399 shares in the company, valued at $463,288.35. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Box, Inc. (BOX) traded up $0.11 during midday trading on Friday, reaching $22.25. 1,412,443 shares of the company’s stock were exchanged, compared to its average volume of 1,851,027. Box, Inc. has a 12 month low of $15.73 and a 12 month high of $24.10. The company has a market cap 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 (NYSE:BOX) last released its earnings results on Wednesday, November 29th. The software maker reported ($0.13) EPS for the quarter, hitting analysts’ consensus estimates 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 net margin of 33.20% and a negative return on equity of 313.90%. The firm’s revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.14) EPS. sell-side analysts predict that Box, Inc. will post -1.17 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Jasper Ridge Partners L.P. raised its position in shares of BOX by 54.0% during the second quarter. Jasper Ridge Partners L.P. now owns 40,783 shares of the software maker’s stock valued at $744,000 after buying an additional 14,305 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of BOX by 3,041.0% during the second quarter. JPMorgan Chase & Co. now owns 1,366,608 shares of the software maker’s stock valued at $24,927,000 after buying an additional 1,323,099 shares during the last quarter. State Street Corp raised its position in shares of BOX by 56.7% during the second quarter. State Street Corp now owns 1,372,520 shares of the software maker’s stock valued at $25,034,000 after buying an additional 496,588 shares during the last quarter. Baltimore Washington Financial Advisors Inc. increased its position in BOX by 12.1% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 186,385 shares of the software maker’s stock worth $3,601,000 after purchasing an additional 20,160 shares during the last quarter. Finally, Bares Capital Management Inc. increased its position in BOX by 10.1% in the third quarter. Bares Capital Management Inc. now owns 6,391,461 shares of the software maker’s stock worth $123,483,000 after purchasing an additional 588,875 shares during the last quarter. Hedge funds and other institutional investors own 62.20% of the company’s stock.

A number of analysts have recently issued reports on BOX shares. Canaccord Genuity reaffirmed a “buy” rating and set a $25.00 price target on shares of BOX in a report on Thursday, November 30th. Oppenheimer reaffirmed a “buy” rating and set a $24.00 price target on shares of BOX in a report on Thursday, November 30th. Drexel Hamilton reissued a “buy” rating and issued a $28.00 price objective on shares of BOX in a report on Monday, November 27th. Rosenblatt Securities reissued a “buy” rating and issued a $25.00 price objective on shares of BOX in a report on Monday, October 9th. Finally, Raymond James Financial raised shares of BOX from a “market perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a report on Monday, September 25th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. BOX has an average rating of “Buy” and an average 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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