Box, Inc. (BOX) Director Rory O’driscoll Sells 115,000 Shares

Box, Inc. (NYSE:BOX) Director Rory O’driscoll sold 115,000 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $18.08, for a total value of $2,079,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Wednesday, September 20th, Rory O’driscoll sold 22,078 shares of Box stock. The stock was sold at an average price of $18.10, for a total value of $399,611.80.
  • On Tuesday, September 19th, Rory O’driscoll sold 233,066 shares of Box stock. The stock was sold at an average price of $18.41, for a total value of $4,290,745.06.
  • On Tuesday, June 27th, Rory O’driscoll sold 274,756 shares of Box stock. The stock was sold at an average price of $19.34, for a total value of $5,313,781.04.

Shares of Box, Inc. (BOX) traded up 4.01% during trading on Friday, reaching $18.17. The company’s stock had a trading volume of 5,463,517 shares. The stock’s 50 day moving average price is $18.44 and its 200-day moving average price is $18.44. The stock’s market cap is $2.43 billion. Box, Inc. has a 52-week low of $13.56 and a 52-week high of $18.81.

Box (NYSE:BOX) last released its quarterly earnings results on Wednesday, August 30th. The software maker reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $122.94 million for the quarter, compared to analyst estimates of $121.75 million. During the same period in the previous year, the company posted ($0.14) earnings per share. The firm’s revenue was up 28.4% on a year-over-year basis. Equities analysts anticipate that Box, Inc. will post ($0.45) EPS for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jasper Ridge Partners L.P. boosted its position in shares of Box by 54.0% during the second quarter. Jasper Ridge Partners L.P. now owns 40,783 shares of the software maker’s stock valued at $744,000 after purchasing an additional 14,305 shares in the last quarter. Swiss National Bank boosted its position in shares of Box by 11.5% during the first quarter. Swiss National Bank now owns 84,300 shares of the software maker’s stock valued at $1,375,000 after purchasing an additional 8,700 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Box by 3,041.0% during the second quarter. JPMorgan Chase & Co. now owns 1,366,608 shares of the software maker’s stock valued at $24,927,000 after purchasing an additional 1,323,099 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Box by 95.8% during the first quarter. UBS Asset Management Americas Inc. now owns 20,753 shares of the software maker’s stock valued at $338,000 after purchasing an additional 10,153 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Box during the first quarter valued at approximately $248,000. Institutional investors own 57.40% of the company’s stock.

BOX has been the topic of several research reports. Drexel Hamilton restated a “buy” rating and set a $28.00 price target on shares of Box in a report on Monday, August 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 target price on shares of Box in a report on Monday, June 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $20.00 target price (up from $19.00) on shares of Box in a report on Thursday, June 1st. Mitsubishi UFJ Financial Group upgraded Box to an “overweight” rating and upped their target price for the company from $23.00 to $24.00 in a report on Thursday, August 31st. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $27.00 target price (up from $24.00) on shares of Box in a report on Thursday, June 1st. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Box presently has an average rating of “Buy” and an average target price of $22.52.

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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