Rory O’driscoll Sells 500,000 Shares of Box, Inc. (BOX) Stock

Box, Inc. (NYSE:BOX) Director Rory O’driscoll sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $21.55, for a total transaction of $10,775,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Rory O’driscoll also recently made the following trade(s):

  • On Tuesday, December 19th, Rory O’driscoll sold 184,000 shares of BOX stock. The shares were sold at an average price of $20.97, for a total transaction of $3,858,480.00.
  • On Thursday, December 21st, Rory O’driscoll sold 592,309 shares of BOX stock. The shares were sold at an average price of $20.88, for a total transaction of $12,367,411.92.
  • On Tuesday, December 5th, Rory O’driscoll sold 600,000 shares of BOX stock. The shares were sold at an average price of $20.50, for a total transaction of $12,300,000.00.

Shares of Box, Inc. (NYSE BOX) opened at $22.14 on Friday. Box, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $24.10. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $3,010.00 and a P/E ratio of -18.45.

BOX (NYSE:BOX) last issued its earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.13). BOX had a negative net margin of 33.20% and a negative return on equity of 313.90%. The company had revenue of $129.30 million for the quarter, compared to analysts’ expectations of $128.67 million. During the same quarter last year, the company posted ($0.14) earnings per share. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. analysts expect that Box, Inc. will post -1.17 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BOX. Vanguard Group Inc. raised its position 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 acquiring an additional 3,521,030 shares during the period. Wells Fargo & Company MN raised its position 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 acquiring an additional 3,369,948 shares during the period. Whale Rock Capital Management LLC bought a new position in BOX in the second quarter worth approximately $32,382,000. JPMorgan Chase & Co. raised its position 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 worth $24,927,000 after acquiring an additional 1,323,099 shares during the period. Finally, Renaissance Technologies LLC raised its position 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 acquiring an additional 965,800 shares during the period. Institutional investors and hedge funds own 62.20% of the company’s stock.

BOX has been the subject of a number of analyst reports. Canaccord Genuity raised their target price on shares of BOX from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Vetr upgraded shares of BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 price target on the stock in a report on Wednesday, November 29th. UBS Group upgraded shares of BOX from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Monday, September 25th. Rosenblatt Securities reiterated a “buy” rating and set a $25.00 price target on shares of BOX in a report on Monday, October 9th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $28.00 price target on shares of BOX in a report on Monday, November 27th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $24.24.

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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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