Box, Inc. (BOX) CFO Dylan C. Smith Sells 13,000 Shares
Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $19.06, for a total value of $247,780.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Box, Inc. (NYSE BOX) opened at 19.12 on Wednesday. The firm’s market capitalization is $2.56 billion. The firm’s 50-day moving average price is $18.62 and its 200 day moving average price is $18.62. Box, Inc. has a one year low of $13.56 and a one year high of $19.44.
Box (NYSE:BOX) last announced its quarterly earnings data on Wednesday, August 30th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.02. Box had a negative return on equity of 232.81% and a negative net margin of 34.11%. The firm had revenue of $122.94 million for the quarter, compared to analysts’ expectations of $121.75 million. During the same period last year, the firm earned ($0.14) earnings per share. The company’s revenue for the quarter was up 28.4% compared to the same quarter last year. On average, equities analysts anticipate that Box, Inc. will post ($0.45) earnings per share for the current fiscal year.
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Several research analysts have commented on the company. Mitsubishi UFJ Financial Group raised Box to an “overweight” rating and lifted their target price for the stock from $23.00 to $24.00 in a report on Thursday, August 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 target price on shares of Box in a report on Friday, September 1st. Drexel Hamilton reaffirmed a “buy” rating and set a $28.00 target price on shares of Box in a report on Monday, August 28th. BidaskClub raised Box from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $24.00 target price on shares of Box in a report on Friday, October 6th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $23.32.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Box by 79.0% during the second quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock valued at $145,518,000 after buying an additional 3,521,030 shares during the last quarter. Bares Capital Management Inc. grew its stake in shares of Box by 2.7% during the first quarter. Bares Capital Management Inc. now owns 5,926,050 shares of the software maker’s stock valued at $96,654,000 after buying an additional 157,644 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Box by 3,627.5% during the second quarter. Wells Fargo & Company MN now owns 3,462,849 shares of the software maker’s stock valued at $63,162,000 after buying an additional 3,369,948 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Box by 32.2% during the second quarter. First Trust Advisors LP now owns 2,859,338 shares of the software maker’s stock valued at $52,154,000 after buying an additional 697,214 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of 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 during the last quarter. 57.37% 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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