Insider Selling: Box Inc (BOX) CFO Sells 15,000 Shares of Stock

Box Inc (NYSE:BOX) CFO Dylan C. Smith sold 15,000 shares of the firm’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $25.91, for a total value of $388,650.00. Following the completion of the transaction, the chief financial officer now owns 15,000 shares in the company, valued at $388,650. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

NYSE BOX traded up $0.53 on Thursday, hitting $26.68. 231,570 shares of the company traded hands, compared to its average volume of 3,393,944. The company has a market capitalization of $3.56 billion, a PE ratio of -22.95 and a beta of 1.16. The company has a debt-to-equity ratio of 4.48, a quick ratio of 1.01 and a current ratio of 1.01. Box Inc has a 52-week low of $17.25 and a 52-week high of $28.68.

BOX (NYSE:BOX) last released its earnings results on Wednesday, May 30th. The software maker reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. The company had revenue of $140.50 million for the quarter, compared to the consensus estimate of $139.65 million. BOX had a negative return on equity of 546.24% and a negative net margin of 28.62%. BOX’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.13) earnings per share. sell-side analysts forecast that Box Inc will post -0.95 EPS for the current year.

A number of equities analysts have recently issued reports on BOX shares. Vetr downgraded BOX from a “strong-buy” rating to a “buy” rating and set a $24.14 price target on the stock. in a research note on Thursday, February 15th. DA Davidson started coverage on BOX in a research note on Thursday, February 15th. They issued a “buy” rating and a $25.00 price target on the stock. Canaccord Genuity restated a “buy” rating on shares of BOX in a research note on Monday, March 5th. Zacks Investment Research upgraded BOX from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Tuesday, May 1st. Finally, ValuEngine upgraded BOX from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. BOX has a consensus rating of “Buy” and a consensus price target of $25.80.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. lifted its position in BOX by 34,217.9% during the fourth quarter. Whittier Trust Co. now owns 19,218 shares of the software maker’s stock valued at $406,000 after purchasing an additional 19,162 shares in the last quarter. AO Asset Management LP lifted its position in BOX by 27.3% during the fourth quarter. AO Asset Management LP now owns 1,606,800 shares of the software maker’s stock valued at $33,936,000 after purchasing an additional 344,500 shares in the last quarter. Renaissance Technologies LLC lifted its position in BOX by 16.5% during the fourth quarter. Renaissance Technologies LLC now owns 3,203,600 shares of the software maker’s stock valued at $67,660,000 after purchasing an additional 454,700 shares in the last quarter. Welch Capital Partners LLC NY purchased a new position in BOX during the fourth quarter valued at $226,000. Finally, First Trust Advisors LP lifted its position in BOX by 2.6% during the fourth quarter. First Trust Advisors LP now owns 3,851,389 shares of the software maker’s stock valued at $81,341,000 after purchasing an additional 99,309 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

BOX Company Profile

Box, Inc provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise content from anywhere or any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.

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

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