Insider Selling: Box, Inc. (BOX) Director Sells 7,500 Shares of Stock

Box, Inc. (NYSE:BOX) Director Dana L. Evan sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $21.65, for a total value of $162,375.00. Following the completion of the transaction, the director now directly owns 21,399 shares in the company, valued at $463,288.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Box, Inc. (NYSE:BOX) opened at $21.45 on Monday. Box, Inc. has a 52-week low of $14.78 and a 52-week high of $24.10. The stock has a market capitalization of $2,920.23, a PE ratio of -17.87 and a beta of 1.22. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.00 and a current ratio of 1.00.

BOX (NYSE:BOX) last announced its earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.13). The business 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 313.90% and a negative net margin of 33.20%. The company’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.14) earnings per share. research analysts predict that Box, Inc. will post -1.17 EPS for the current year.

Several research analysts have commented on BOX shares. Raymond James Financial raised BOX from a “market perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research report on Monday, September 25th. Drexel Hamilton reaffirmed a “buy” rating and set a $28.00 target price on shares of BOX in a research report on Monday, November 27th. Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 target price on shares of BOX in a research report on Monday, October 9th. Canaccord Genuity reaffirmed a “buy” rating and set a $24.00 target price on shares of BOX in a research report on Friday, October 6th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $22.00 target price on shares of BOX in a research report on Monday, October 16th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $24.24.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in 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 purchasing an additional 3,521,030 shares in the last quarter. Bares Capital Management Inc. grew its stake in BOX by 10.1% in the third quarter. Bares Capital Management Inc. now owns 6,391,461 shares of the software maker’s stock worth $123,483,000 after purchasing an additional 588,875 shares in the last quarter. First Trust Advisors LP grew its stake in BOX by 31.2% in the third quarter. First Trust Advisors LP now owns 3,752,080 shares of the software maker’s stock worth $72,490,000 after purchasing an additional 892,742 shares in the last quarter. Wells Fargo & Company MN grew 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 worth $63,162,000 after purchasing an additional 3,369,948 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in 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 in the last quarter. Institutional investors and hedge funds own 62.20% of the company’s stock.

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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.

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

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