Insider Selling: Box Inc. (BOX) VP Sells $55,100.52 in Stock
Box Inc. (NYSE:BOX) VP Jeff Mannie sold 3,756 shares of the firm’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $14.67, for a total transaction of $55,100.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Box (NYSE:BOX) last posted its quarterly earnings data on Wednesday, August 31st. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.05. Box had a negative net margin of 52.12% and a negative return on equity of 133.73%. The business had revenue of $95.70 million for the quarter, compared to analyst estimates of $94.65 million. During the same quarter in the previous year, the firm posted ($0.28) earnings per share. Box’s quarterly revenue was up 30.2% on a year-over-year basis.
A number of large investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC acquired a new stake in Box during the second quarter valued at approximately $108,000. Squarepoint Ops LLC acquired a new stake in Box during the first quarter valued at approximately $126,000. Capstone Investment Advisors LLC acquired a new stake in Box during the second quarter valued at approximately $129,000. Royal Bank of Canada raised its stake in Box by 83.0% in the first quarter. Royal Bank of Canada now owns 10,986 shares of the company’s stock valued at $134,000 after buying an additional 4,983 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in Box by 11.7% in the second quarter. Quantbot Technologies LP now owns 17,786 shares of the company’s stock valued at $183,000 after buying an additional 1,860 shares during the last quarter. 26.87% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on BOX. Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Box in a report on Monday, September 19th. Vetr raised shares of Box from a “buy” rating to a “strong-buy” rating and set a $16.45 price objective for the company in a report on Thursday, September 22nd. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of Box in a report on Monday, September 5th. Zacks Investment Research raised shares of Box from a “sell” rating to a “hold” rating in a report on Thursday, September 1st. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $21.00 price objective on shares of Box in a report on Saturday, September 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Box currently has an average rating of “Buy” and a consensus target price of $17.90.
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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