Box, Inc. (NYSE:BOX – Get Rating) CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $26.86, for a total transaction of $349,180.00. Following the completion of the transaction, the chief financial officer now owns 1,369,137 shares of the company’s stock, valued at $36,775,019.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
BOX Trading Up 3.2 %
BOX stock opened at $28.00 on Tuesday. The firm has a 50-day moving average of $28.07 and a 200-day moving average of $27.78. The firm has a market cap of $4.03 billion, a P/E ratio of -107.69 and a beta of 1.16. Box, Inc. has a 1-year low of $22.18 and a 1-year high of $33.04.
BOX (NYSE:BOX – Get Rating) last issued its quarterly earnings data on Wednesday, August 24th. The software maker reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $246.00 million during the quarter, compared to analysts’ expectations of $245.77 million. During the same quarter last year, the business earned ($0.06) earnings per share. The business’s quarterly revenue was up 14.7% on a year-over-year basis. Research analysts forecast that Box, Inc. will post -0.15 earnings per share for the current fiscal year.
Institutional Trading of BOX
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the stock. StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Friday. KeyCorp assumed coverage on shares of BOX in a research note on Monday. They issued an “overweight” rating for the company. Citigroup assumed coverage on shares of BOX in a research note on Thursday, September 1st. They issued a “buy” rating and a $34.00 price target for the company. Raymond James boosted their price target on shares of BOX from $30.00 to $35.00 in a research note on Thursday, August 25th. Finally, Craig Hallum lowered their price target on shares of BOX to $41.00 in a research note on Thursday, May 26th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.30.
Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations.
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