Insider Selling: Box, Inc. (BOX) Director Sells 500,000 Shares of Stock

Box, Inc. (NYSE:BOX) Director Rory O’driscoll sold 500,000 shares of BOX stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $21.55, for a total value of $10,775,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 value 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 value 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 value of $12,300,000.00.

Shares of Box, Inc. (NYSE:BOX) opened at $22.25 on Friday. The firm has a market capitalization of $3,030.00 and a PE ratio of -18.54. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.00 and a current ratio of 1.00. Box, Inc. has a twelve month low of $15.73 and a twelve month high of $24.10.

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

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

Several large investors have recently added to or reduced their stakes in BOX. Ameritas Investment Partners Inc. grew its holdings in shares of BOX by 81.3% during the second quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock worth $126,000 after purchasing an additional 3,092 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of BOX during the second quarter worth about $155,000. BNP Paribas Arbitrage SA grew its holdings in shares of BOX by 843.7% during the second quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock worth $178,000 after purchasing an additional 8,749 shares during the last quarter. StepStone Group LP bought a new stake in shares of BOX during the second quarter worth about $180,000. Finally, Amalgamated Bank bought a new stake in shares of BOX during the second quarter worth about $183,000. Institutional investors 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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