Box Inc. (BOX) COO Daniel J. Levin Sells 5,000 Shares of Stock
Box Inc. (NYSE:BOX) COO Daniel J. Levin sold 5,000 shares of the firm’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $16.38, for a total value of $81,900.00. Following the sale, the chief operating officer now owns 3,752 shares in the company, valued at approximately $61,457.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Daniel J. Levin also recently made the following trade(s):
- On Tuesday, September 20th, Daniel J. Levin sold 5,000 shares of Box stock. The shares were sold at an average price of $14.61, for a total value of $73,050.00.
Box Inc. (NYSE:BOX) opened at 15.74 on Monday. The firm has a 50-day moving average price of $14.44 and a 200 day moving average price of $12.45. The stock’s market capitalization is $2.00 billion. Box Inc. has a 52-week low of $8.82 and a 52-week high of $16.59.
Box (NYSE:BOX) last posted its quarterly earnings results on Wednesday, August 31st. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.05. The company had revenue of $95.70 million for the quarter, compared to analysts’ expectations of $94.65 million. Box had a negative return on equity of 133.73% and a negative net margin of 52.12%. The firm’s revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.28) earnings per share. On average, equities research analysts predict that Box Inc. will post ($0.68) EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC purchased a new stake in shares of Box during the second quarter valued at about $108,000. Capstone Investment Advisors LLC purchased a new stake in shares of Box during the second quarter valued at about $129,000. Royal Bank of Canada increased its stake in shares of 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 period. Quantbot Technologies LP increased its stake in shares of 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 period. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Box during the second quarter valued at about $192,000. 26.87% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on BOX shares. Vetr cut Box from a “strong-buy” rating to a “buy” rating and set a $11.67 target price on the stock. in a report on Tuesday, July 12th. Bank of America Corp. reiterated a “buy” rating and issued a $18.00 target price on shares of Box in a report on Monday, August 22nd. Canaccord Genuity reiterated a “buy” rating and issued a $17.00 target price on shares of Box in a report on Tuesday, September 13th. Zacks Investment Research upgraded Box from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Tuesday, September 13th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $18.00 target price on shares of Box in a report on Friday, September 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Box presently has a consensus rating of “Buy” and an average price target 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.
Receive News & Ratings for Box Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Box Inc. and related companies with MarketBeat.com's FREE daily email newsletter.