Box, Inc. (BOX) Director Dana L. Evan Sells 7,500 Shares

Box, Inc. (NYSE:BOX) Director Dana L. Evan sold 7,500 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $21.15, for a total transaction of $158,625.00. Following the completion of the sale, the director now owns 21,399 shares of the company’s stock, valued at $452,588.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Box, Inc. (NYSE:BOX) opened at $22.25 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.53. Box, Inc. has a 12-month low of $15.73 and a 12-month high of $24.10.

BOX (NYSE:BOX) last announced its 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 company had revenue of $129.30 million during the quarter, compared to analyst estimates of $128.67 million. BOX had a negative net margin of 33.20% and a negative return on equity of 313.90%. BOX’s revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.14) earnings per share. equities research analysts expect that Box, Inc. will post -1.17 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on the stock. Vetr upgraded shares of BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 target price for the company in a research report on Wednesday, November 29th. JMP Securities raised their price objective on shares of BOX to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, November 30th. Oppenheimer restated a “buy” rating and set a $24.00 price objective on shares of BOX in a research report on Thursday, November 30th. Canaccord Genuity raised their price objective on shares of BOX from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, UBS Group upgraded shares of BOX from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a research report on Monday, September 25th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $24.24.

A number of hedge funds have recently made changes to their positions in BOX. Vanguard Group Inc. boosted its stake in BOX by 79.0% during 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 during the period. Wells Fargo & Company MN boosted its stake in BOX by 3,627.5% during the second quarter. Wells Fargo & Company MN now owns 3,462,849 shares of the software maker’s stock worth $63,162,000 after buying an additional 3,369,948 shares during the period. Whale Rock Capital Management LLC purchased a new position in BOX during the second quarter worth about $32,382,000. JPMorgan Chase & Co. boosted its stake in BOX by 3,041.0% during the second quarter. JPMorgan Chase & Co. now owns 1,366,608 shares of the software maker’s stock worth $24,927,000 after buying an additional 1,323,099 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in BOX by 62.5% during the second quarter. Renaissance Technologies LLC now owns 2,510,200 shares of the software maker’s stock worth $45,786,000 after buying an additional 965,800 shares during the period. 62.20% of the stock is owned by institutional investors.

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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.

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

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