Insider Selling: Box (NYSE:BOX) Insider Sells 2,079 Shares of Stock

Box (NYSE:BOX) insider Peter M. Mcgoff sold 2,079 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $21.13, for a total transaction of $43,929.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Peter M. Mcgoff also recently made the following trade(s):

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  • On Thursday, March 15th, Peter M. Mcgoff sold 60,000 shares of BOX stock. The shares were sold at an average price of $20.81, for a total transaction of $1,248,600.00.

Shares of BOX opened at $20.14 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 4.48. Box has a fifty-two week low of $16.44 and a fifty-two week high of $24.50.

BOX (NYSE:BOX) last announced its quarterly earnings data 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 business had revenue of $136.70 million for the quarter, compared to analysts’ expectations of $136.61 million. BOX had a negative net margin of 30.62% and a negative return on equity of 433.21%. The business’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.10) earnings per share. analysts predict that Box will post -1.01 earnings per share for the current year.

Several brokerages recently issued reports on BOX. ValuEngine upgraded shares of BOX from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. DA Davidson began coverage on shares of BOX in a research report on Thursday, February 15th. They set a “buy” rating and a $25.00 price target on the stock. Zacks Investment Research cut shares of BOX from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. Canaccord Genuity reiterated a “buy” rating on shares of BOX in a research report on Monday, March 5th. Finally, Vetr cut shares of BOX from a “strong-buy” rating to a “buy” rating and set a $24.14 price target on the stock. in a research report on Thursday, February 15th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $24.40.

Hedge funds and other institutional investors have recently modified their holdings of the company. Dorsey & Whitney Trust CO LLC bought a new position in shares of BOX in the fourth quarter worth approximately $203,000. Welch Capital Partners LLC NY bought a new position in shares of BOX in the fourth quarter worth approximately $226,000. Aperio Group LLC bought a new position in shares of BOX in the fourth quarter worth approximately $227,000. Xact Kapitalforvaltning AB bought a new position in shares of BOX in the fourth quarter worth approximately $227,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of BOX in the fourth quarter worth approximately $228,000. Hedge funds and other 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.

Insider Buying and Selling by Quarter for BOX (NYSE:BOX)

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