Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $19.06, for a total value of $247,780.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Box, Inc. (NYSE:BOX) opened at 19.20 on Thursday. The company has a 50-day moving average price of $18.64 and a 200 day moving average price of $18.64. The stock’s market capitalization is $2.57 billion. Box, Inc. has a 52 week low of $13.56 and a 52 week high of $20.91.
Box (NYSE:BOX) last posted its earnings results on Wednesday, August 30th. The software maker reported ($0.11) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. The firm had revenue of $122.94 million for the quarter, compared to analyst estimates of $121.75 million. Box had a negative return on equity of 232.81% and a negative net margin of 34.11%. The company’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.14) earnings per share. Analysts forecast that Box, Inc. will post ($0.45) earnings per share for the current fiscal year.
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Several equities research analysts have recently commented on the company. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $22.00 target price on shares of Box in a report on Sunday, September 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $17.00 target price on shares of Box in a report on Wednesday, August 16th. Mitsubishi UFJ Financial Group raised Box to an “overweight” rating and upped their target price for the company from $23.00 to $24.00 in a report on Thursday, August 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 target price on shares of Box in a report on Monday, July 17th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $28.00 target price on shares of Box in a report on Monday, August 28th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $23.32.
Hedge funds have recently bought and sold shares of the business. Jasper Ridge Partners L.P. lifted its holdings in Box by 54.0% during the second quarter. Jasper Ridge Partners L.P. now owns 40,783 shares of the software maker’s stock worth $744,000 after acquiring an additional 14,305 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Box by 11.5% in the first quarter. Swiss National Bank now owns 84,300 shares of the software maker’s stock valued at $1,375,000 after purchasing an additional 8,700 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Box by 3,041.0% in the second quarter. JPMorgan Chase & Co. now owns 1,366,608 shares of the software maker’s stock valued at $24,927,000 after purchasing an additional 1,323,099 shares in the last quarter. Lucha Capital Management LP bought a new stake in shares of Box in the second quarter valued at about $7,200,000. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Box by 95.8% in the first quarter. UBS Asset Management Americas Inc. now owns 20,753 shares of the software maker’s stock valued at $338,000 after purchasing an additional 10,153 shares in the last quarter. Hedge funds and other institutional investors own 57.37% of the company’s stock.
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.
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