Rory O’driscoll Sells 500,000 Shares of Box, Inc. (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) Director Rory O’driscoll sold 500,000 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $21.55, for a total transaction of $10,775,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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 stock was sold at an average price of $20.97, for a total transaction of $3,858,480.00.
  • On Thursday, December 21st, Rory O’driscoll sold 592,309 shares of BOX stock. The stock was sold at an average price of $20.88, for a total transaction of $12,367,411.92.
  • On Tuesday, December 5th, Rory O’driscoll sold 600,000 shares of BOX stock. The stock was sold at an average price of $20.50, for a total transaction of $12,300,000.00.

Shares of Box, Inc. (NYSE:BOX) traded up $0.22 during trading hours on Wednesday, reaching $22.30. 1,384,528 shares of the company’s stock traded hands, compared to its average volume of 1,886,955. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.00 and a quick ratio of 1.00. Box, Inc. has a one year low of $15.73 and a one year high of $24.10. The firm has a market capitalization of $3,040.00 and a P/E ratio of -18.58.

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

A number of analysts recently issued reports on BOX shares. Drexel Hamilton reissued a “buy” rating and set a $28.00 target price on shares of BOX in a research report on Monday, November 27th. Raymond James Financial raised shares of BOX from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a research report on Monday, September 25th. Rosenblatt Securities reissued a “buy” rating and set a $25.00 target price on shares of BOX in a research report on Monday, October 9th. Canaccord Genuity reissued a “buy” rating and set a $25.00 target price on shares of BOX in a research report on Thursday, November 30th. Finally, UBS Group raised shares of BOX from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a research report on Monday, September 25th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $24.24.

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of BOX by 79.0% during the 2nd quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock valued at $145,518,000 after buying an additional 3,521,030 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of BOX by 3,627.5% during the 2nd quarter. Wells Fargo & Company MN now owns 3,462,849 shares of the software maker’s stock valued at $63,162,000 after buying an additional 3,369,948 shares during the last quarter. Whale Rock Capital Management LLC purchased a new position in shares of BOX during the 2nd quarter valued at approximately $32,382,000. JPMorgan Chase & Co. boosted its stake in shares of BOX by 3,041.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,366,608 shares of the software maker’s stock valued at $24,927,000 after buying an additional 1,323,099 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of BOX by 62.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,510,200 shares of the software maker’s stock valued at $45,786,000 after buying an additional 965,800 shares during the last quarter. 62.20% of the stock is owned by institutional investors.

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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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