Box Inc. (BOX) VP Jeff Mannie Sells 3,756 Shares
Box Inc. (NYSE:BOX) VP Jeff Mannie sold 3,756 shares of the firm’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $14.67, for a total value of $55,100.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Box Inc. (NYSE:BOX) opened at 15.09 on Thursday. Box Inc. has a one year low of $8.82 and a one year high of $15.11. The firm’s market capitalization is $1.91 billion. The firm has a 50-day moving average price of $13.78 and a 200 day moving average price of $12.27.
Box (NYSE:BOX) last released its quarterly earnings data on Wednesday, August 31st. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.05. The business earned $95.70 million during 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 business’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.28) EPS. Equities analysts forecast that Box Inc. will post ($0.68) earnings per share for the current fiscal year.
Several equities research analysts have weighed in on the company. Vetr downgraded Box from a “strong-buy” rating to a “buy” rating and set a $16.45 price target for the company. in a report on Wednesday. Rosenblatt Securities assumed coverage on Box in a report on Monday. They issued a “buy” rating and a $25.00 price target for the company. Credit Suisse Group AG restated a “neutral” rating on shares of Box in a research note on Monday, September 19th. Drexel Hamilton restated a “buy” rating and issued a $18.00 price objective on shares of Box in a research note on Friday, September 16th. Finally, Mitsubishi UFJ Financial Group assumed coverage on Box in a research note on Friday, September 16th. They issued a “neutral” rating and a $15.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $17.90.
Several hedge funds have recently made changes to their positions in BOX. Squarepoint Ops LLC purchased a new stake in shares of Box during the first quarter worth about $126,000. Parametric Portfolio Associates LLC purchased a new stake in shares of Box during the second quarter worth about $108,000. Royal Bank of Canada boosted 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 worth $134,000 after buying an additional 4,983 shares during the period. Capstone Investment Advisors LLC purchased a new stake in shares of Box during the second quarter worth about $129,000. Finally, Quantbot Technologies LP boosted 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 worth $183,000 after buying an additional 1,860 shares during the period. 26.87% of the stock is owned by hedge funds and other institutional investors.
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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