Box, Inc. (BOX) COO Daniel J. Levin Sells 40,000 Shares of Stock

Box, Inc. (NYSE:BOX) COO Daniel J. Levin sold 40,000 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $18.28, for a total value of $731,200.00. Following the completion of the sale, the chief operating officer now owns 3,752 shares in the company, valued at $68,586.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Box, Inc. (BOX) traded up 2.85% during trading on Monday, hitting $19.12. The company’s stock had a trading volume of 2,096,144 shares. The firm’s 50 day moving average price is $18.41 and its 200-day moving average price is $16.88. Box, Inc. has a 52 week low of $9.86 and a 52 week high of $20.91. The company’s market cap is $2.51 billion.

Box (NYSE:BOX) last posted its quarterly earnings data on Wednesday, May 31st. The software maker reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.01. The business had revenue of $117.20 million during the quarter, compared to analysts’ expectations of $114.70 million. Box had a negative net margin of 36.01% and a negative return on equity of 187.98%. The business’s revenue was up 29.9% on a year-over-year basis. During the same period last year, the firm posted ($0.18) earnings per share. On average, analysts predict that Box, Inc. will post ($0.46) earnings per share for the current year.

Insider Buying and Selling by Quarter for Box (NYSE:BOX)

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A number of analysts have weighed in on the company. Wells Fargo & Company restated an “outperform” rating and issued a $27.00 price target (up from $24.00) on shares of Box in a research note on Thursday, June 1st. Stifel Nicolaus restated a “hold” rating and issued a $17.00 price target (up from $15.00) on shares of Box in a research note on Thursday, June 1st. Mitsubishi UFJ Financial Group Inc upgraded Box from a “neutral” rating to an “overweight” rating in a research note on Thursday, June 1st. Morgan Stanley restated an “equal weight” rating and issued a $20.00 price target (up from $19.00) on shares of Box in a research note on Thursday, June 1st. Finally, Drexel Hamilton restated a “buy” rating and issued a $28.00 price target (up from $26.00) on shares of Box in a research note on Thursday, June 1st. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $22.24.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bares Capital Management Inc. boosted its position in Box by 2.7% in 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 period. Vanguard Group Inc. boosted its position in Box by 25.3% in the first quarter. Vanguard Group Inc. now owns 4,456,930 shares of the software maker’s stock valued at $72,693,000 after buying an additional 900,522 shares during the period. Renaissance Technologies LLC boosted its position in Box by 453.9% in the first quarter. Renaissance Technologies LLC now owns 1,544,400 shares of the software maker’s stock valued at $25,189,000 after buying an additional 1,265,600 shares during the period. Cortina Asset Management LLC boosted its position in Box by 439.7% in the first quarter. Cortina Asset Management LLC now owns 1,486,932 shares of the software maker’s stock valued at $24,252,000 after buying an additional 1,211,434 shares during the period. Finally, MARSHALL WACE ASIA Ltd bought a new position in Box during the first quarter valued at about $21,283,000. Institutional investors and hedge funds own 37.09% of the company’s stock.

About Box

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BOX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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