Box, Inc. (NYSE:BOX - Get Free Report) Director Dana L. Evan sold 11,000 shares of the company's stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $28.47, for a total value of $313,170.00. Following the sale, the director now owns 116,535 shares of the company's stock, valued at $3,317,751.45. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
BOX Trading Down 0.3 %
Shares of BOX stock opened at $28.32 on Friday. The firm has a fifty day simple moving average of $27.27 and a two-hundred day simple moving average of $25.93. Box, Inc. has a 12 month low of $23.29 and a 12 month high of $31.94. The firm has a market capitalization of $4.09 billion, a PE ratio of 42.27, a price-to-earnings-growth ratio of 8.69 and a beta of 0.83.
BOX (NYSE:BOX - Get Free Report) last posted its earnings results on Tuesday, March 5th. The software maker reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. The company had revenue of $262.88 million during the quarter, compared to the consensus estimate of $262.92 million. On average, equities analysts predict that Box, Inc. will post 0.16 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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A number of large investors have recently modified their holdings of BOX. Vanguard Group Inc. lifted its position in shares of BOX by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 15,064,800 shares of the software maker's stock valued at $385,810,000 after purchasing an additional 159,111 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of BOX by 1.2% in the 3rd quarter. Earnest Partners LLC now owns 6,132,385 shares of the software maker's stock worth $148,465,000 after buying an additional 70,129 shares during the last quarter. RGM Capital LLC grew its holdings in shares of BOX by 6.9% in the third quarter. RGM Capital LLC now owns 5,449,887 shares of the software maker's stock valued at $131,942,000 after acquiring an additional 349,976 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of BOX by 4.9% during the first quarter. Macquarie Group Ltd. now owns 3,379,511 shares of the software maker's stock valued at $90,537,000 after acquiring an additional 158,270 shares during the last quarter. Finally, State Street Corp lifted its holdings in BOX by 4.0% during the second quarter. State Street Corp now owns 3,174,174 shares of the software maker's stock worth $93,257,000 after acquiring an additional 123,027 shares during the period. Institutional investors own 86.74% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on BOX shares. StockNews.com upgraded shares of BOX from a "buy" rating to a "strong-buy" rating in a report on Tuesday. JMP Securities restated a "market outperform" rating and issued a $32.00 target price on shares of BOX in a report on Wednesday, March 20th. TheStreet raised BOX from a "c" rating to a "b" rating in a research report on Tuesday, March 5th. Morgan Stanley decreased their target price on BOX from $35.00 to $32.00 and set an "overweight" rating for the company in a research note on Wednesday, December 6th. Finally, Citigroup increased their price target on BOX from $29.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, BOX presently has an average rating of "Moderate Buy" and a consensus price target of $30.89.
Read Our Latest Research Report on BOX
BOX Company Profile
(
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Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.
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