Yesterday, the CLO of Box Inc, McGoff Peter, exercised options of Box Inc (NYSE: BOX) for $3.95M.
Following McGoff Peter M’s last BOX Sell transaction on March 15, 2018, the stock climbed by 5.4%.
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Based on Box Inc’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $141 million and GAAP net loss of $36.64 million. In comparison, last year the company earned revenue of $117 million and had a GAAP net loss of $40.09 million. The Company has a Price to Book ratio of 79.6949. Currently, Box Inc has an average volume of 3.65M.
One of the top 25 analysts, according to TipRanks.com, recently recommended Buy BOX with a $30 price target. Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $29.33, reflecting a -9.5% downside.
The insider sentiment on Box Inc has been negative according to 92 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
McGoff Peter M’s trades have generated a -23.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Box, Inc. provides an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. The company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations. It enables people to securely view, share and collaborate on content, across multiple file formats and media types, integrates with enterprise business applications, and is compatible with multiple application environments, operating systems and devices. The company was founded by Aaron Levie, Dylan Smith, Jeff Queisser and Sam Ghods in March 2005 and is headquartered in Redwood City, CA.
