Today, Box Inc. (BOX) Set to Announce Earnings on Wednesday

Today, Box Inc. (BOX) Set to Announce Earnings on Wednesday

Box Inc. (NYSE:BOX) is set to release its Q317 earnings data on Wednesday, November 30th. Analysts expect Box to post earnings of ($0.19) per share and revenue of $103.34 million for the quarter.

Shares of Box Inc. (NYSE:BOX) opened at 15.49 on Tuesday. The stock’s 50 day moving average is $14.84 and its 200 day moving average is $13.05. Box Inc. has a 52-week low of $8.82 and a 52-week high of $16.59. The company’s market cap is $1.96 billion.

BOX has been the topic of several research reports. Bank of America Corp. reiterated a “buy” rating and issued a $18.00 price target on shares of Box in a report on Monday, August 22nd. Vetr upgraded Box from a “buy” rating to a “strong-buy” rating and set a $16.92 price objective on the stock in a research report on Wednesday, October 26th. Stifel Nicolaus restated a “hold” rating and issued a $15.00 price objective on shares of Box in a research report on Friday, September 9th. Canaccord Genuity restated a “buy” rating and issued a $17.00 price objective on shares of Box in a research report on Tuesday, September 13th. Finally, Pacific Crest restated a “buy” rating and issued a $21.00 price objective on shares of Box in a research report on Friday, September 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Box has an average rating of “Buy” and an average target price of $17.95.

In related news, VP Jeff Mannie sold 3,756 shares of the stock in a transaction on Monday, September 26th. The stock was sold at an average price of $14.67, for a total value of $55,100.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Daniel J. Levin sold 5,000 shares of the stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $14.35, for a total value of $71,750.00. Following the completion of the transaction, the chief operating officer now directly owns 3,079 shares of the company’s stock, valued at $44,183.65. The disclosure for this sale can be found here. 22.30% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of BOX. Parametric Portfolio Associates LLC bought a new stake in shares of Box during the second quarter worth about $108,000. Capstone Investment Advisors LLC bought a new stake in shares of Box during the second quarter worth about $129,000. BlackRock Group LTD increased its stake in shares of Box by 6.3% in the third quarter. BlackRock Group LTD now owns 10,127 shares of the company’s stock worth $160,000 after buying an additional 603 shares during the period. BlackRock Advisors LLC increased its stake in shares of Box by 120.9% in the second quarter. BlackRock Advisors LLC now owns 21,899 shares of the company’s stock worth $226,000 after buying an additional 11,986 shares during the period. Finally, Ameriprise Financial Inc. bought a new stake in shares of Box during the third quarter worth about $280,000. 27.58% of the stock is owned by institutional investors and hedge funds.

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