Trading Report: The Insider Selling: Box Inc. (BOX) COO Sells $81,900.00 in Stock

The Insider Selling: Box Inc. (BOX) COO Sells $81,900.00 in Stock

Box Inc. (NYSE:BOX) COO Daniel J. Levin sold 5,000 shares of Box stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $16.38, for a total transaction of $81,900.00. Following the sale, the chief operating officer now owns 3,752 shares in the company, valued at $61,457.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Daniel J. Levin also recently made the following trade(s): On Tuesday, September 20th, Daniel J. Levin sold 5,000 shares of Box stock. The stock was sold at an average price of $14.61, for a total transaction of $73,050.00.

Box Inc. (NYSE:BOX) opened at 15.23 on Wednesday. The company’s 50 day moving average is $14.59 and its 200-day moving average is $12.49. The firm’s market cap is $1.93 billion. Box Inc. has a 52-week low of $8.82 and a 52-week high of $16.59.

Box (NYSE:BOX) last posted its quarterly earnings results on Wednesday, August 31st. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.05. The firm earned $95.70 million during the quarter, compared to analyst estimates of $94.65 million. Box had a negative return on equity of 133.73% and a negative net margin of 52.12%. Box’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.28) EPS. On average, equities analysts predict that Box Inc. will post ($0.68) EPS for the current fiscal year.

Several equities research analysts recently commented on BOX shares. Vetr upgraded shares of Box from a “hold” rating to a “strong-buy” rating and set a $16.50 target price on the stock in a research report on Monday, September 5th. Zacks Investment Research downgraded shares of Box from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 16th. Bank of America Corp. reiterated a “buy” rating and set a $18.00 target price on shares of Box in a research report on Monday, August 22nd. Veritas Investment Research reiterated a “strong-buy” rating on shares of Box in a research report on Friday, August 5th. Finally, Pacific Crest reiterated a “buy” rating and set a $21.00 target price on shares of Box in a research report on Friday, September 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.95.

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its position in Box by 88.4% in the second quarter. Royal Bank of Canada now owns 20,701 shares of the company’s stock valued at $213,000 after buying an additional 9,715 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Box by 71.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 137,449 shares of the company’s stock valued at $1,422,000 after buying an additional 57,258 shares in the last quarter. Pine River Capital Management L.P. bought a new position in Box during the second quarter valued at about $1,706,000. Metropolitan Life Insurance Co. NY bought a new position in Box during the second quarter valued at about $372,000. Finally, Cubist Systematic Strategies LLC bought a new position in Box during the second quarter valued at about $473,000. 26.87% of the stock is owned by hedge funds and other institutional investors.

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