Insider Selling: Box Inc (BOX) Director Sells 10,000 Shares of Stock
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.
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.
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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