Box Inc. (NYSE:BOX) VP Jeff Mannie sold 3,756 shares of the firm’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $14.67, for a total transaction of $55,100.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Box Inc. (NYSE:BOX) opened at 15.21 on Friday. The stock’s market cap is $1.93 billion. Box Inc. has a one year low of $8.82 and a one year high of $15.56. The firm’s 50-day moving average is $13.86 and its 200 day moving average is $12.29.
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, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.05. Box had a negative net margin of 52.12% and a negative return on equity of 133.73%. The firm had revenue of $95.70 million for the quarter, compared to the consensus estimate of $94.65 million. During the same quarter in the prior year, the company posted ($0.28) earnings per share. The company’s revenue for the quarter was up 30.2% compared to the same quarter last year. On average, analysts anticipate that Box Inc. will post ($0.68) EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC bought a new position in Box during the second quarter valued at about $108,000. Squarepoint Ops LLC bought a new position in Box during the first quarter valued at about $126,000. Capstone Investment Advisors LLC bought a new position in Box during the second quarter valued at about $129,000. Royal Bank of Canada increased its position in Box by 83.0% in the first quarter. Royal Bank of Canada now owns 10,986 shares of the company’s stock valued at $134,000 after buying an additional 4,983 shares during the period. Finally, Quantbot Technologies LP increased its position in Box by 11.7% in the second quarter. Quantbot Technologies LP now owns 17,786 shares of the company’s stock valued at $183,000 after buying an additional 1,860 shares during the period. Hedge funds and other institutional investors own 26.87% of the company’s stock.
A number of analysts have weighed in on the stock. Credit Suisse Group AG restated a “neutral” rating on shares of Box in a research note on Monday, September 19th. Vetr upgraded shares of Box from a “buy” rating to a “strong-buy” rating and set a $16.45 price target for the company in a research note on Thursday, September 22nd. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $18.00 price target on shares of Box in a research note on Monday, September 5th. Morgan Stanley reiterated a “hold” rating and issued a $12.00 price target on shares of Box in a research note on Thursday, June 2nd. Finally, Zacks Investment Research upgraded shares of Box from a “sell” rating to a “hold” rating in a research note on Thursday, September 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target 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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