Box, Inc. (NYSE:BOX) major shareholder Fisher Jurvetson Fund V. Draper sold 320,000 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $18.07, for a total value of $5,782,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Box, Inc. (BOX) traded up 1.84% on Friday, reaching $18.23. The company had a trading volume of 1,507,196 shares. The company has a 50-day moving average price of $18.87 and a 200-day moving average price of $17.91. Box, Inc. has a 52-week low of $12.26 and a 52-week high of $20.91. The firm’s market capitalization is $2.40 billion.
Box (NYSE:BOX) last posted its quarterly earnings data on Wednesday, May 31st. The software maker reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.01. Box had a negative net margin of 36.01% and a negative return on equity of 187.98%. The firm had revenue of $117.20 million during the quarter, compared to analysts’ expectations of $114.70 million. During the same quarter in the previous year, the company posted ($0.18) EPS. Box’s revenue was up 29.9% on a year-over-year basis. Equities research analysts forecast that Box, Inc. will post ($0.46) EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Box by 79.0% in the second quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock worth $145,518,000 after buying an additional 3,521,030 shares in the last quarter. Wells Fargo & Company MN increased its stake in Box by 3,627.5% in 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 period. MARSHALL WACE ASIA Ltd bought a new stake in Box during the first quarter valued at $21,283,000. Marshall Wace North America L.P. bought a new stake in Box during the first quarter valued at $21,283,000. Finally, JPMorgan Chase & Co. increased its stake in Box by 3,041.0% in the second quarter. JPMorgan Chase & Co. now owns 1,366,608 shares of the software maker’s stock valued at $24,927,000 after buying an additional 1,323,099 shares during the period. Hedge funds and other institutional investors own 38.18% of the company’s stock.
Several equities research analysts have commented on the company. Drexel Hamilton restated a “buy” rating and set a $28.00 price target (up from $26.00) on shares of Box in a research note on Thursday, June 1st. Bank of America Corporation restated a “buy” rating and set a $22.00 price target (up from $21.00) on shares of Box in a research note on Friday, June 2nd. Stifel Nicolaus restated a “hold” rating and set a $17.00 price target (up from $15.00) on shares of Box in a research note on Thursday, June 1st. Wells Fargo & Company restated an “outperform” rating and set a $27.00 price target (up from $24.00) on shares of Box in a research note on Thursday, June 1st. Finally, Canaccord Genuity restated a “buy” rating and set a $24.00 price target (up from $22.00) on shares of Box in a research note on Thursday, June 1st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Box presently has a consensus rating of “Buy” and a consensus price target of $22.24.
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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