Box, Inc. (NYSE:BOX) Director Daniel J. Levin sold 30,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $21.73, for a total value of $651,900.00. Following the completion of the sale, the director now directly owns 5,790 shares of the company’s stock, valued at $125,816.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
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) traded up $0.45 during trading hours on Thursday, hitting $22.29. The stock had a trading volume of 1,304,364 shares, compared to its average volume of 1,595,810. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.02 and a current ratio of 1.02. Box, Inc. has a 1 year low of $13.56 and a 1 year high of $22.29.
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 during the quarter, compared to analysts’ expectations of $121.75 million. Box had a negative return on equity of 232.81% and a negative net margin of 34.11%. Box’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) earnings per share. research analysts predict that Box, Inc. will post -1.15 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently modified their holdings of BOX. Ameritas Investment Partners Inc. grew its position 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 worth $126,000 after purchasing an additional 3,092 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Box during the second quarter worth about $155,000. BNP Paribas Arbitrage SA boosted its stake in Box by 843.7% during the second quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock valued at $178,000 after buying an additional 8,749 shares during the last quarter. StepStone Group LP bought a new position in Box during the second quarter valued at approximately $180,000. Finally, Amalgamated Bank bought a new position in Box during the second quarter valued at approximately $183,000. Institutional investors and hedge funds own 59.21% of the company’s stock.
Several brokerages have recently issued reports on BOX. Stifel Nicolaus reaffirmed a “hold” rating and set a $17.00 target price on shares of Box in a research report on Wednesday, August 16th. BidaskClub raised Box from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Raymond James Financial, Inc. raised 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. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $22.00 price objective on shares of Box in a report on Monday, October 16th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $25.00 price objective on shares of Box in a report on Monday, October 9th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Box presently has a consensus rating of “Buy” and an average target price of $23.40.
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.
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