Dylan C. Smith Sells 13,000 Shares of Box, Inc. (BOX) Stock

Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $21.10, for a total transaction of $274,300.00. Following the transaction, the chief financial officer now directly owns 13,000 shares in the company, valued at approximately $274,300. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Box, Inc. (NYSE:BOX) opened at $22.25 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.53. Box, Inc. has a one year low of $15.73 and a one year high of $24.10.

BOX (NYSE:BOX) last posted its quarterly earnings data on Wednesday, November 29th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.13). BOX had a negative net margin of 33.20% and a negative return on equity of 313.90%. The company had revenue of $129.30 million for the quarter, compared to the consensus estimate of $128.67 million. During the same period last year, the company earned ($0.14) earnings per share. The firm’s revenue was up 25.8% compared to the same quarter last year. equities analysts forecast that Box, Inc. will post -1.17 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of BOX. Russell Investments Group Ltd. raised its holdings in shares of BOX by 114.4% in the second quarter. Russell Investments Group Ltd. now owns 46,385 shares of the software maker’s stock valued at $846,000 after purchasing an additional 24,747 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of BOX by 42.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 314,254 shares of the software maker’s stock valued at $5,732,000 after purchasing an additional 92,913 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of BOX by 65.9% in the second quarter. Rhumbline Advisers now owns 86,907 shares of the software maker’s stock valued at $1,585,000 after purchasing an additional 34,530 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of BOX by 32.8% in the second quarter. Bank of New York Mellon Corp now owns 335,777 shares of the software maker’s stock valued at $6,125,000 after purchasing an additional 83,025 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of BOX by 68.2% in the second quarter. Legal & General Group Plc now owns 19,744 shares of the software maker’s stock valued at $362,000 after purchasing an additional 8,007 shares during the last quarter. Institutional investors own 62.20% of the company’s stock.

Several research firms recently weighed in on BOX. Vetr raised shares of BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 price objective on the stock in a research note on Wednesday, November 29th. JMP Securities lifted their price target on shares of BOX to $25.00 and gave the company an “outperform” rating in a research note on Thursday, November 30th. Oppenheimer reaffirmed a “buy” rating and issued a $24.00 price target on shares of BOX in a research note on Thursday, November 30th. Canaccord Genuity lifted their price target on shares of BOX from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Finally, UBS Group raised shares of BOX from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a research note on Monday, September 25th. Three investment 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 a consensus rating of “Buy” and an average price target of $24.24.

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About BOX

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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