BOX (BOX) Trading Down 6.8%

Box Inc (NYSE:BOX)’s share price dropped 6.8% during trading on Monday . The stock traded as low as $18.87 and last traded at $18.87. Approximately 1,896,545 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 2,129,538 shares. The stock had previously closed at $20.24.

BOX has been the topic of several research analyst reports. Zacks Investment Research upgraded BOX from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Friday, March 8th. DA Davidson reiterated a “buy” rating and issued a $25.00 price objective on shares of BOX in a research note on Friday, February 22nd. Goldman Sachs Group initiated coverage on BOX in a research note on Tuesday, February 5th. They issued a “buy” rating and a $31.00 price objective on the stock. Craig Hallum initiated coverage on BOX in a research note on Thursday, January 24th. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, Prescient Securities upgraded BOX from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Tuesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $24.80.

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.69. The firm has a market cap of $2.76 billion, a PE ratio of -19.66 and a beta of 1.50.



BOX (NYSE:BOX) last issued its earnings results on Wednesday, February 27th. The software maker reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.03. BOX had a negative net margin of 22.13% and a negative return on equity of 393.84%. The business had revenue of $163.70 million for the quarter, compared to analysts’ expectations of $164.16 million. During the same quarter in the previous year, the firm posted ($0.06) EPS. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. Equities analysts anticipate that Box Inc will post -0.95 earnings per share for the current year.

In other BOX news, Director Daniel J. Levin sold 30,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $19.88, for a total transaction of $596,400.00. Following the sale, the director now owns 5,790 shares of the company’s stock, valued at approximately $115,105.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dylan C. Smith sold 15,000 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $19.53, for a total transaction of $292,950.00. Following the sale, the chief financial officer now directly owns 1,114,280 shares in the company, valued at approximately $21,761,888.40. The disclosure for this sale can be found here. Insiders have sold a total of 85,000 shares of company stock worth $1,679,850 in the last three months. Insiders own 8.51% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. raised its holdings in BOX by 15.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,750 shares of the software maker’s stock valued at $63,000 after acquiring an additional 500 shares during the period. Westside Investment Management Inc. raised its holdings in BOX by 22.2% during the 4th quarter. Westside Investment Management Inc. now owns 3,300 shares of the software maker’s stock valued at $58,000 after acquiring an additional 600 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of BOX by 0.6% in the first quarter. JPMorgan Chase & Co. now owns 160,745 shares of the software maker’s stock worth $3,104,000 after purchasing an additional 989 shares during the period. Natixis Advisors L.P. increased its holdings in shares of BOX by 5.1% in the fourth quarter. Natixis Advisors L.P. now owns 24,412 shares of the software maker’s stock worth $412,000 after purchasing an additional 1,183 shares during the period. Finally, Federated Investors Inc. PA increased its holdings in shares of BOX by 0.5% in the third quarter. Federated Investors Inc. PA now owns 251,191 shares of the software maker’s stock worth $6,006,000 after purchasing an additional 1,191 shares during the period. 66.07% of the stock is currently owned by institutional investors and hedge funds.

WARNING: This story was originally posted by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://dakotafinancialnews.com/2019/05/14/box-box-trading-down-6-8.html.

BOX Company Profile (NYSE:BOX)

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere or 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.

Featured Story: How is diluted EPS different from basic EPS?

Receive News & Ratings for BOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOX and related companies with MarketBeat.com's FREE daily email newsletter.