Box, Inc. Class A Common Stock (NYSE:BOX) has been the object of insider selling activity recently. Yesterday President & COO Daniel J. Levin disclosed the sale of 5,000 shares of (BOX). The shares were purchased at an average price of $14.35. Levin now owns $0 of the stock per the Form 4 SEC filing.
These funds have also shifted positions in (BOX). Royal Bank Of Canada downsized its holdings by shedding 3,482 shares a decrease of 94.6% as of 06/30/2016. Royal Bank Of Canada currently owns 200 shares with a value of $2,000. The total value of its holdings decreased 95.6%. As of quarter end Ifp Advisors, Inc had disposed of a total of 3,150 shares trimming its holdings by 52.3%. The value of the company’s investment in Box, Inc. Class A Common Stock decreased from $74,000 to $30,000 decreasing 59.5% quarter to quarter.
As of quarter end Schwab Charles Investment Management Inc had acquired a total of 71,533 shares growing its position 108.5%. The value of the total investment in Box, Inc. Class A Common Stock went from $921,000 to $1,422,000 a change of 54.4% for the reporting period. As of the end of the quarter Nokota Management, Lp had sold 45,870 shares trimming its holdings by 3.2%. The value in dollars decreased from $17,767,000 to $14,510,000 a change of $3,257,000 since the last quarter.
Mitsubishi UFG released its first research report on the stock with a rating of “Neutral”. On June 2 the stock rating was downgraded from “Overweight” to “Neutral” and a price target of $14.00 was set in an announcement from JP Morgan.
Equity analyst JP Morgan downgraded the stock and lowered the price target on June 2 cutting the price target from $18.00 to $14.00 and altering the rating from “Overweight” to “Neutral”. On March 31 analysts at Drexel Hamilton started coverage with an initial rating of “Buy” and projecting a price target of $18.00.
On March 10 Morgan Stanley left the stock rating at “Equal-weight” but raised the price expectation to $12.00 from $11.00. January 19 investment analysts at Credit Suisse maintained a stock rating of “Outperform” and moved up the price target from $10.18 to $24.00.
The company is trading up since yesterday’s close of $14.85. The stock is trading at $15.09 a tad above $13.74, the 50 day moving average and marginally over the 200 day moving average of $12.25. The 50 day moving average moved up $1.35 and the 200 day average moved up $2.84.
As of the last earnings report the EPS was $-1.47 and is estimated to be $-0.68 for the current year with 126,776,000 shares now outstanding. Analysts expect next quarter’s EPS will be $-0.16 with next year’s EPS anticipated to be $-0.44.