Box Inc (NYSE:BOX) CEO Aaron Levie sold 86,000 shares of BOX stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $20.55, for a total value of $1,767,300.00. Following the completion of the transaction, the chief executive officer now owns 2,354,566 shares of the company’s stock, valued at $48,386,331.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NYSE:BOX opened at $20.57 on Monday. Box Inc has a 12 month low of $8.64 and a 12 month high of $22.09. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of -22.86 and a beta of 1.30. The stock’s 50 day moving average price is $19.78 and its 200 day moving average price is $16.55. The company has a debt-to-equity ratio of 9.06, a current ratio of 0.84 and a quick ratio of 0.84.
BOX (NYSE:BOX) last announced its earnings results on Wednesday, May 27th. The software maker reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.05. BOX had a negative return on equity of 485.15% and a negative net margin of 18.56%. The firm had revenue of $183.56 million for the quarter, compared to analysts’ expectations of $182.08 million. During the same quarter in the previous year, the company earned ($0.03) earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts expect that Box Inc will post -0.52 EPS for the current year.
A number of equities analysts have commented on BOX shares. Raymond James lifted their target price on BOX from $18.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Oppenheimer lifted their target price on BOX from $16.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Zacks Investment Research cut BOX from a “hold” rating to a “sell” rating and set a $18.00 price target on the stock. in a report on Tuesday, May 12th. Berenberg Bank raised BOX from a “hold” rating to a “buy” rating in a report on Tuesday, March 31st. Finally, William Blair reaffirmed a “buy” rating on shares of BOX in a report on Thursday, June 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. BOX currently has a consensus rating of “Hold” and an average target price of $20.18.
A number of large investors have recently made changes to their positions in BOX. Bartlett & Co. LLC bought a new stake in BOX during the first quarter worth approximately $28,000. NWK Group Inc. bought a new stake in BOX during the first quarter worth approximately $34,000. Ameritas Investment Company LLC bought a new position in shares of BOX in the first quarter valued at $41,000. Valeo Financial Advisors LLC increased its holdings in shares of BOX by 898.6% in the first quarter. Valeo Financial Advisors LLC now owns 2,756 shares of the software maker’s stock valued at $43,000 after buying an additional 2,480 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of BOX in the first quarter valued at $71,000. 78.19% of the stock is currently owned by hedge funds and other institutional investors.
BOX Company Profile
Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their 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.
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