Box, Inc. (BOX) Director Sells $4,305,280.00 in Stock

Box, Inc. (NYSE:BOX) Director Rory O’driscoll sold 224,000 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $19.22, for a total transaction of $4,305,280.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, September 26th, Rory O’driscoll sold 3,600 shares of Box stock. The stock was sold at an average price of $18.51, for a total transaction of $66,636.00.
  • On Monday, September 25th, Rory O’driscoll sold 15,201 shares of Box stock. The stock was sold at an average price of $18.56, for a total transaction of $282,130.56.
  • On Wednesday, September 27th, Rory O’driscoll sold 100,000 shares of Box stock. The stock was sold at an average price of $18.56, for a total transaction of $1,856,000.00.
  • On Wednesday, September 20th, Rory O’driscoll sold 22,078 shares of Box stock. The shares were sold at an average price of $18.10, for a total value of $399,611.80.
  • On Friday, September 22nd, Rory O’driscoll sold 115,000 shares of Box stock. The shares were sold at an average price of $18.08, for a total value of $2,079,200.00.
  • On Tuesday, September 19th, Rory O’driscoll sold 233,066 shares of Box stock. The shares were sold at an average price of $18.41, for a total value of $4,290,745.06.

Shares of Box, Inc. (NYSE:BOX) opened at 19.16 on Thursday. Box, Inc. has a 12 month low of $13.56 and a 12 month high of $19.44. The company’s market capitalization is $2.56 billion. The stock’s 50 day moving average price is $18.51 and its 200 day moving average price is $18.51.

Box (NYSE:BOX) last posted its quarterly earnings data on Wednesday, August 30th. The software maker reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.02. Box had a negative return on equity of 232.81% and a negative net margin of 34.11%. The firm had revenue of $122.94 million for the quarter, compared to analysts’ expectations of $121.75 million. During the same period in the previous year, the firm earned ($0.14) EPS. The business’s quarterly revenue was up 28.4% on a year-over-year basis. On average, analysts forecast that Box, Inc. will post ($0.45) EPS for the current year.

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Several hedge funds have recently bought and sold shares of BOX. Ameritas Investment Partners Inc. lifted its position in shares of Box by 81.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock valued at $126,000 after buying an additional 3,092 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Box during the 2nd quarter valued at about $155,000. Two Sigma Securities LLC purchased a new position in shares of Box during the 1st quarter valued at about $177,000. BNP Paribas Arbitrage SA lifted its position in shares of Box by 843.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock valued at $178,000 after buying an additional 8,749 shares in the last quarter. Finally, StepStone Group LP purchased a new position in shares of Box during the 2nd quarter valued at about $180,000. 57.37% of the stock is currently owned by hedge funds and other institutional investors.

BOX has been the topic of a number of research reports. Rosenblatt Securities restated a “buy” rating and issued a $25.00 price objective on shares of Box in a research note on Monday, July 17th. Drexel Hamilton restated a “buy” rating and issued a $28.00 price objective on shares of Box in a research note on Tuesday, June 27th. BidaskClub upgraded Box from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Stifel Nicolaus restated a “hold” rating and issued a $17.00 price objective on shares of Box in a research note on Wednesday, August 16th. Finally, Raymond James Financial, Inc. upgraded Box from a “market perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research note on Monday, September 25th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $23.32.

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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