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 business’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $16.38, for a total value of $81,900.00. Following the completion of 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 legal filing with the SEC, which is available at the SEC website.
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 stock’s 50 day moving average price is $14.44 and its 200 day moving average price is $12.45. Box Inc. has a 52-week low of $8.82 and a 52-week high of $16.59. The firm’s market capitalization is $2.00 billion.
Box (NYSE:BOX) last posted its quarterly earnings data on Wednesday, August 31st. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.05. Box had a negative return on equity of 133.73% and a negative net margin of 52.12%. The business had revenue of $95.70 million for the quarter, compared to analysts’ expectations of $94.65 million. During the same quarter last year, the firm earned ($0.28) earnings per share. The business’s revenue was up 30.2% on a year-over-year basis. Analysts expect that Box Inc. will post ($0.68) earnings per share for the current year.
Several large investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. acquired a new stake in Box during the second quarter valued at about $192,000. California State Teachers Retirement System boosted its stake in Box by 268.5% in the second quarter. California State Teachers Retirement System now owns 102,363 shares of the company’s stock valued at $1,058,000 after buying an additional 74,585 shares during the period. UBS Group AG boosted its stake in Box by 47.4% in the first quarter. UBS Group AG now owns 119,870 shares of the company’s stock valued at $1,470,000 after buying an additional 38,558 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Box during the second quarter valued at about $535,000. Finally, Oxford Asset Management boosted its stake in Box by 275.5% in the second quarter. Oxford Asset Management now owns 43,535 shares of the company’s stock valued at $450,000 after buying an additional 31,941 shares during the period. Institutional investors and hedge funds own 26.87% of the company’s stock.
BOX has been the topic of several research analyst reports. Vetr upgraded Box from a “hold” rating to a “strong-buy” rating and set a $16.50 price objective on the stock in a report on Monday, September 5th. Zacks Investment Research downgraded Box from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 16th. Bank of America Corp. reiterated a “buy” rating and issued a $18.00 price objective on shares of Box in a report on Monday, August 22nd. Veritas Investment Research reiterated a “strong-buy” rating on shares of Box in a report on Friday, August 5th. Finally, Pacific Crest reiterated a “buy” rating and issued a $21.00 price objective on shares of Box in a report on Friday, September 30th. One investment 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 company. The stock presently has an average rating of “Buy” and a consensus target price of $17.90.
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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