The SVP, GC & Sec of Box Inc is Exercising Options

By Carrie Williams

Yesterday, the SVP, GC & Sec of Box Inc, McGoff Peter, exercised options of Box Inc for $1.42M.

Following McGoff Peter M’s last BOX Sell transaction on September 14, 2017, the stock climbed by 3.1%. In addition to McGoff Peter, one other BOX executive reported Sell trades in the last month.

Based on Box Inc’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $129 million and GAAP net loss of $42.92 million. In comparison, last year the company earned revenue of $103 million and had a GAAP net loss of $38.23 million. The company has a one-year high of $24.10 and a one-year low of $13.56. The Company has a book value per share of 111.4101.

Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $25.38, reflecting a -15.2% downside.

The insider sentiment on Box Inc has been negative according to 89 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.