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

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

Shares of Box, Inc. (BOX) traded up $0.11 during trading on Friday, hitting $22.25. The company had a trading volume of 1,412,444 shares, compared to its average volume of 2,190,000. The company has a market cap of $3,030.00 and a price-to-earnings ratio of -18.54. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.53. Box, Inc. has a 52 week low of $15.73 and a 52 week high of $24.10.

BOX (NYSE:BOX) last announced its quarterly earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, hitting the 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 quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.14) earnings per share. analysts predict that Box, Inc. will post -1.17 earnings per share for the current fiscal year.

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

Large investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. boosted its holdings in BOX by 81.3% in the second quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock worth $126,000 after acquiring an additional 3,092 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in BOX in the second quarter worth approximately $155,000. BNP Paribas Arbitrage SA boosted its holdings in BOX by 843.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock worth $178,000 after acquiring an additional 8,749 shares in the last quarter. StepStone Group LP bought a new position in BOX in the second quarter worth approximately $180,000. Finally, Amalgamated Bank bought a new position in BOX in the second quarter worth approximately $183,000. Institutional investors and hedge funds own 62.20% of the company’s stock.

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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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