Box (NYSE:BOX) Director Daniel J. Levin sold 100,000 shares of BOX stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $20.87, for a total value of $2,087,000.00. Following the transaction, the director now owns 5,790 shares of the company’s stock, valued at approximately $120,837.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of BOX stock opened at $21.28 on Thursday. The company has a debt-to-equity ratio of 4.48, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $2,913.87, a price-to-earnings ratio of -18.34 and a beta of 1.14. Box has a 12-month low of $16.76 and a 12-month high of $24.50.
BOX (NYSE:BOX) last released its quarterly earnings results on Wednesday, February 28th. The software maker reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. BOX had a negative net margin of 30.62% and a negative return on equity of 433.21%. The company had revenue of $136.70 million during the quarter, compared to the consensus estimate of $136.61 million. During the same period in the previous year, the business earned ($0.10) earnings per share. The firm’s quarterly revenue was up 24.4% on a year-over-year basis. sell-side analysts anticipate that Box will post -1.01 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of BOX in the fourth quarter valued at approximately $228,000. Xact Kapitalforvaltning AB acquired a new stake in shares of BOX in the fourth quarter valued at approximately $227,000. Banco de Sabadell S.A acquired a new stake in shares of BOX in the fourth quarter valued at approximately $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 in the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of BOX in the fourth quarter valued at approximately $781,000. Institutional investors own 73.79% of the company’s stock.
A number of equities analysts recently commented on BOX shares. Vetr upgraded BOX from a “hold” rating to a “strong-buy” rating and set a $26.97 price target for the company in a report on Tuesday, February 27th. Zacks Investment Research cut BOX from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Canaccord Genuity reiterated a “buy” rating on shares of BOX in a report on Monday, March 5th. 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 objective for the company. Finally, ValuEngine upgraded shares of BOX from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. BOX currently has a consensus rating of “Buy” and a consensus target price 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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