Box, Inc. (NYSE:BOX) Director Daniel J. Levin sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $19.95, for a total transaction of $997,500.00. The transaction was disclosed in a legal filing 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 transaction of $370,600.00.
Shares of Box, Inc. (NYSE:BOX) opened at 21.50 on Friday. The company’s 50-day moving average is $19.22 and its 200-day moving average is $19.22. The firm’s market cap is $2.88 billion. Box, Inc. has a 52 week low of $13.56 and a 52 week high of $21.76.
Box (NYSE:BOX) last announced its quarterly earnings results on Wednesday, August 30th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.02. Box had a negative net margin of 34.11% and a negative return on equity of 232.81%. The company had revenue of $122.94 million during the quarter, compared to the consensus estimate of $121.75 million. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The company’s revenue for the quarter was up 28.4% compared to the same quarter last year. Analysts forecast that Box, Inc. will post ($0.45) EPS for the current fiscal year.
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BOX has been the topic of several recent research reports. BidaskClub raised shares of Box from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Raymond James Financial, Inc. upgraded shares of Box from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a report on Monday, September 25th. Rosenblatt Securities restated a “buy” rating and issued a $25.00 target price on shares of Box in a report on Monday, October 9th. UBS AG upgraded shares of Box from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a report on Monday, September 25th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $22.00 target price on shares of Box in a report on Monday, October 16th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $23.40.
Institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. boosted its holdings in shares of Box by 81.3% during the second quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock valued at $126,000 after acquiring an additional 3,092 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in Box in the second quarter worth about $155,000. Two Sigma Securities LLC acquired a new stake in Box in the first quarter worth about $177,000. BNP Paribas Arbitrage SA lifted its holdings in Box by 843.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock worth $178,000 after purchasing an additional 8,749 shares during the period. Finally, StepStone Group LP acquired a new stake in Box in the second quarter worth about $180,000. 57.26% of the stock is owned by institutional investors.
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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