Box (NYSE:BOX) Director Daniel J. Levin sold 100,000 shares of BOX stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $20.91, for a total transaction of $2,091,000.00. Following the transaction, the director now directly owns 5,790 shares of the company’s stock, valued at $121,068.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
NYSE BOX traded down $0.64 during mid-day trading on Friday, reaching $20.14. 949,317 shares of the stock were exchanged, compared to its average volume of 2,126,030. Box has a 1 year low of $16.44 and a 1 year high of $24.50. The company has a market capitalization of $2,765.56, a PE ratio of -17.36 and a beta of 1.14. The company has a debt-to-equity ratio of 4.48, a quick ratio of 1.01 and a current ratio of 1.01.
BOX (NYSE:BOX) last announced its quarterly earnings results on Wednesday, February 28th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.02. The firm had revenue of $136.70 million for the quarter, compared to the consensus estimate of $136.61 million. BOX had a negative net margin of 30.62% and a negative return on equity of 433.21%. The firm’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.10) earnings per share. equities analysts expect that Box will post -1.01 EPS for the current year.
Several equities research analysts have recently commented on BOX shares. DA Davidson began coverage on shares of BOX in a report on Thursday, February 15th. They issued a “buy” rating and a $25.00 price target for the company. ValuEngine upgraded shares of BOX from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research lowered shares of BOX from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Vetr upgraded shares of BOX from a “hold” rating to a “strong-buy” rating and set a $26.97 price target on the stock in a research note on Tuesday, February 27th. Finally, Canaccord Genuity restated a “buy” rating on shares of BOX in a research note on Monday, March 5th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $24.40.
A number of large investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. acquired a new position in BOX during the fourth quarter worth $228,000. Xact Kapitalforvaltning AB acquired a new stake in shares of BOX in the fourth quarter valued at about $227,000. Banco de Sabadell S.A acquired a new stake in shares of BOX in the fourth quarter valued at about $228,000. Sterling Capital Management LLC raised its position in shares of BOX by 95.5% in the fourth quarter. Sterling Capital Management LLC now owns 233,117 shares of the software maker’s stock valued at $4,923,000 after buying an additional 113,894 shares during the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of BOX in the fourth quarter valued at about $781,000. Institutional investors own 73.79% 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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