Box Inc (NYSE:BOX) Director Dana L. Evan sold 7,500 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $21.15, for a total transaction of $158,625.00. Following the sale, the director now directly owns 21,399 shares of the company’s stock, valued at approximately $452,588.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Box Inc (BOX) traded down $0.97 on Monday, hitting $20.84. 1,420,320 shares of the company were exchanged, compared to its average volume of 1,520,000. 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 Inc has a 52 week low of $15.73 and a 52 week high of $24.10. The stock has a market cap of $2,840.00, a PE ratio of -17.37 and a beta of 1.20.
BOX (NYSE:BOX) last released its earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $128.67 million. During the same quarter in the previous year, the company earned ($0.14) EPS. BOX’s revenue for the quarter was up 25.8% on a year-over-year basis. equities research analysts anticipate that Box Inc will post -1.17 EPS for the current year.
BOX has been the subject of a number of recent research reports. Drexel Hamilton reissued a “buy” rating and set a $28.00 price objective on shares of BOX in a research report on Monday, November 27th. Rosenblatt Securities reissued a “buy” rating and set a $25.00 price objective on shares of BOX in a research report on Monday, October 9th. Canaccord Genuity reissued a “buy” rating and set a $25.00 price objective on shares of BOX in a research report on Thursday, November 30th. Oppenheimer reissued a “buy” rating and set a $22.00 price objective on shares of BOX in a research report on Monday, October 16th. Finally, JMP Securities boosted their price objective on shares of BOX to $25.00 and gave the company an “outperform” rating in a research report on Thursday, November 30th. 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. The company presently has an average rating of “Buy” and a consensus target price of $24.24.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BOX. JPMorgan Chase & Co. lifted its stake in BOX by 3,041.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,366,608 shares of the software maker’s stock worth $24,927,000 after purchasing an additional 1,323,099 shares in the last quarter. State Street Corp lifted its stake in BOX by 56.7% in the 2nd quarter. State Street Corp now owns 1,372,520 shares of the software maker’s stock worth $25,034,000 after purchasing an additional 496,588 shares in the last quarter. Baltimore Washington Financial Advisors Inc. lifted its stake in BOX by 12.1% in the 3rd 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 in the last quarter. Bares Capital Management Inc. lifted its stake in BOX by 10.1% in the 3rd 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 in the last quarter. Finally, Lucha Capital Management LP purchased a new stake in BOX in the 2nd quarter worth $7,200,000. Institutional investors own 62.55% of the company’s stock.
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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.
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