Box (NYSE:BOX) insider Peter M. Mcgoff sold 60,000 shares of BOX stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $20.81, for a total value of $1,248,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Peter M. Mcgoff also recently made the following trade(s):
- On Tuesday, March 13th, Peter M. Mcgoff sold 2,079 shares of BOX stock. The shares were sold at an average price of $21.13, for a total value of $43,929.27.
NYSE:BOX traded down $0.64 during mid-day trading on Friday, reaching $20.14. The stock had a trading volume of 949,317 shares, compared to its average volume of 2,126,030. The company has a market capitalization of $2,765.56, a price-to-earnings ratio of -17.36 and a beta of 1.14. Box has a one year low of $16.44 and a one year high of $24.50. The company has a debt-to-equity ratio of 4.48, a current ratio of 1.01 and a quick ratio of 1.01.
BOX (NYSE:BOX) last released its earnings results on Wednesday, February 28th. The software maker reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.02. The company had revenue of $136.70 million during the quarter, compared to the consensus estimate of $136.61 million. BOX had a negative return on equity of 433.21% and a negative net margin of 30.62%. BOX’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.10) EPS. sell-side analysts anticipate that Box will post -1.01 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. Dorsey & Whitney Trust CO LLC bought a new stake in BOX in the 4th quarter worth approximately $203,000. Welch Capital Partners LLC NY bought a new stake in BOX in the 4th quarter worth approximately $226,000. Aperio Group LLC bought a new stake in BOX in the 4th quarter worth approximately $227,000. Xact Kapitalforvaltning AB bought a new stake in BOX in the fourth quarter valued at approximately $227,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in BOX in the fourth quarter valued at approximately $228,000. Institutional investors own 73.79% of the company’s stock.
A number of research firms have weighed in on BOX. DA Davidson began coverage on BOX in a report on Thursday, February 15th. They set a “buy” rating and a $25.00 target price for the company. ValuEngine raised BOX from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research lowered BOX from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Vetr raised BOX from a “hold” rating to a “strong-buy” rating and set a $26.97 target price for the company in a report on Tuesday, February 27th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of BOX in a research report on Monday, March 5th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $24.40.
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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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