Daniel J. Levin Sells 5,000 Shares of Box Inc. (BOX) Stock
Box Inc. (NYSE:BOX) COO Daniel J. Levin sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $14.72, for a total transaction of $73,600.00. Following the sale, the chief operating officer now directly owns 3,752 shares of the company’s stock, valued at approximately $55,229.44. The transaction was disclosed in a filing with the SEC, 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 transaction of $73,050.00.
Box Inc. (NYSE:BOX) opened at 15.21 on Friday. The company’s market capitalization is $1.93 billion. The stock’s 50 day moving average price is $13.86 and its 200-day moving average price is $12.29. Box Inc. has a 52-week low of $8.82 and a 52-week high of $15.56.
Box (NYSE:BOX) last issued its quarterly earnings results on Wednesday, August 31st. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.05. The firm had revenue of $95.70 million for the quarter, compared to analyst estimates 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 revenue was up 30.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.28) earnings per share. Analysts predict that Box Inc. will post ($0.68) earnings per share for the current fiscal year.
Several research firms have recently commented on BOX. Zacks Investment Research lowered shares of Box from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Vetr lowered shares of Box from a “strong-buy” rating to a “buy” rating and set a $11.67 price target for the company. in a research report on Tuesday, July 12th. JPMorgan Chase & Co. downgraded Box from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $18.00 to $14.00 in a research note on Thursday, June 2nd. Mitsubishi UFJ Financial Group initiated coverage on Box in a research note on Friday, September 16th. They set a “neutral” rating and a $15.00 price objective for the company. Finally, JMP Securities reiterated a “buy” rating on shares of Box in a research note on Thursday, June 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $17.90.
Several hedge funds have recently modified their holdings of the company. Parametric Portfolio Associates LLC purchased a new stake in shares of Box during the second quarter worth about $108,000. Squarepoint Ops LLC purchased a new stake in shares of Box during the first quarter worth about $126,000. Capstone Investment Advisors LLC purchased a new stake in shares of Box during the second quarter worth about $129,000. Royal Bank of Canada raised 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 in the last quarter. Finally, Quantbot Technologies LP raised 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 in the last quarter. 26.87% of the stock is currently 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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