Box, Inc. (NYSE:BOX) Director Josh Stein sold 25,000 shares of BOX stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $20.73, for a total value of $518,250.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Box, Inc. (BOX) traded down $0.09 during midday trading on Wednesday, reaching $20.59. The company’s stock had a trading volume of 1,554,192 shares, compared to its average volume of 1,679,126. Box, Inc. has a 12-month low of $13.56 and a 12-month high of $24.10. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.58.
BOX (NYSE:BOX) last posted its quarterly earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.13). The firm had revenue of $129.30 million for the quarter, compared to analyst estimates of $128.67 million. BOX had a negative return on equity of 270.51% and a negative net margin of 33.20%. The business’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.14) EPS. equities analysts expect that Box, Inc. will post -1.17 EPS for the current year.
Several equities research analysts have commented on BOX shares. Drexel Hamilton restated a “buy” rating and issued a $28.00 target price on shares of BOX in a research note on Monday, November 27th. Oppenheimer restated a “buy” rating and issued a $22.00 target price on shares of BOX in a research note on Monday, October 16th. Canaccord Genuity boosted their target price on BOX from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Rosenblatt Securities restated a “buy” rating and issued a $25.00 target price on shares of BOX in a research note on Monday, October 9th. Finally, BidaskClub upgraded BOX from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Three research 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. The stock currently has a consensus rating of “Buy” and an average price target of $24.24.
Large investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. increased its position in shares of BOX by 81.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock worth $126,000 after purchasing an additional 3,092 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of BOX during the 2nd quarter worth approximately $155,000. BNP Paribas Arbitrage SA increased its position in shares of BOX by 843.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock worth $178,000 after purchasing an additional 8,749 shares during the last quarter. StepStone Group LP acquired a new position in shares of BOX during the 2nd quarter worth approximately $180,000. Finally, Amalgamated Bank acquired a new position in shares of BOX during the 2nd quarter worth approximately $183,000. 63.42% 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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