Box Inc (NYSE:BOX) Director Daniel J. Levin sold 10,000 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $22.39, for a total transaction of $223,900.00. Following the completion of the sale, the director now owns 5,790 shares of the company’s stock, valued at approximately $129,638.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Box Inc (NYSE:BOX) traded down $0.36 during trading hours on Thursday, reaching $21.94. 1,938,376 shares of the company traded hands, compared to its average volume of 1,960,000. Box Inc has a 52-week low of $15.73 and a 52-week high of $24.10. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $2,990.00 and a price-to-earnings ratio of -18.28.

BOX (NYSE:BOX) last posted its quarterly earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.13). BOX had a negative net margin of 33.20% and a negative return on equity of 313.90%. The firm had revenue of $129.30 million during the quarter, compared to analyst estimates of $128.67 million. During the same quarter in the prior year, the business posted ($0.14) earnings per share. The company’s quarterly revenue was up 25.8% compared to the same quarter last year. equities research analysts expect that Box Inc will post -1.17 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of BOX. Vanguard Group Inc. raised its position in BOX by 79.0% in the second quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock worth $145,518,000 after purchasing an additional 3,521,030 shares in the last quarter. Whale Rock Capital Management LLC acquired a new position in BOX in the second quarter worth about $32,382,000. JPMorgan Chase & Co. raised its position in BOX by 3,041.0% in the second quarter. JPMorgan Chase & Co. now owns 1,366,608 shares of the software maker’s stock worth $24,927,000 after purchasing an additional 1,323,099 shares in the last quarter. Renaissance Technologies LLC raised its position in BOX by 62.5% in the second quarter. Renaissance Technologies LLC now owns 2,510,200 shares of the software maker’s stock worth $45,786,000 after purchasing an additional 965,800 shares in the last quarter. Finally, Artisan Partners Limited Partnership acquired a new position in BOX in the third quarter worth about $17,949,000. 62.20% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on BOX shares. Canaccord Genuity reiterated a “buy” rating and issued a $25.00 target price on shares of BOX in a research note on Thursday, November 30th. Oppenheimer reiterated a “buy” rating and issued a $24.00 target price on shares of BOX in a research note on Thursday, November 30th. Drexel Hamilton reiterated a “buy” rating and issued a $28.00 target price on shares of BOX in a research note on Monday, November 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 target price on shares of BOX in a research note on Monday, October 9th. Finally, Raymond James Financial upgraded shares of BOX from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a research note on Monday, September 25th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. BOX has a consensus rating of “Buy” and an average target price of $24.24.

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About BOX

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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