Insider Selling: Box, Inc. (BOX) Director Sells 640,797 Shares of Stock

Box, Inc. (NYSE:BOX) Director Rory O’driscoll sold 640,797 shares of the stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $14.77, for a total transaction of $9,464,571.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Monday, December 19th, Rory O’driscoll sold 500 shares of Box stock. The shares were sold at an average price of $14.50, for a total transaction of $7,250.00.
  • On Tuesday, December 13th, Rory O’driscoll sold 43,703 shares of Box stock. The shares were sold at an average price of $14.66, for a total transaction of $640,685.98.

Box, Inc. (NYSE:BOX) opened at 15.20 on Tuesday. The stock has a 50 day moving average of $14.63 and a 200-day moving average of $13.63. Box, Inc. has a 52 week low of $8.82 and a 52 week high of $16.59. The stock’s market cap is $1.95 billion.

Box (NYSE:BOX) last issued its quarterly earnings data on Wednesday, November 30th. The company reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.05. Box had a negative net margin of 44.23% and a negative return on equity of 144.98%. The business earned $102.80 million during the quarter, compared to analysts’ expectations of $103.34 million. During the same period in the previous year, the company earned ($0.31) earnings per share. Box’s revenue for the quarter was up 30.6% on a year-over-year basis. Analysts forecast that Box, Inc. will post ($0.61) earnings per share for the current year.

Insider Buying and Selling by Quarter for Box (NYSE:BOX)

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Several hedge funds have recently modified their holdings of the company. Bares Capital Management Inc. boosted its stake in shares of Box by 48.6% in the second quarter. Bares Capital Management Inc. now owns 5,136,447 shares of the company’s stock worth $53,111,000 after buying an additional 1,680,699 shares during the last quarter. Coatue Management LLC boosted its stake in shares of Box by 6.5% in the second quarter. Coatue Management LLC now owns 4,058,589 shares of the company’s stock worth $41,966,000 after buying an additional 247,205 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Box by 18.8% in the second quarter. Vanguard Group Inc. now owns 2,496,539 shares of the company’s stock worth $25,814,000 after buying an additional 395,010 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of Box during the third quarter worth $31,536,000. Finally, UBS Oconnor LLC boosted its stake in shares of Box by 10.1% in the third quarter. UBS Oconnor LLC now owns 1,729,140 shares of the company’s stock worth $27,251,000 after buying an additional 159,070 shares during the last quarter. Institutional investors and hedge funds own 27.18% of the company’s stock.

A number of analysts recently issued reports on the stock. JMP Securities restated a “buy” rating on shares of Box in a research report on Thursday, December 1st. Rosenblatt Securities set a $25.00 target price on shares of Box and gave the stock a “buy” rating in a research report on Thursday, December 1st. Stifel Nicolaus restated a “hold” rating and set a $15.00 target price on shares of Box in a research report on Thursday, December 1st. Canaccord Genuity restated a “buy” rating and set a $17.00 target price on shares of Box in a research report on Tuesday, September 13th. Finally, Zacks Investment Research lowered shares of Box from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.23.

About Box

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.

5 Day Chart for NYSE:BOX

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