Box, Inc. (NYSE:BOX) CFO Dylan C. Smith Sells 13,000 Shares

Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $31.05, for a total value of $403,650.00. Following the transaction, the chief financial officer now owns 1,466,684 shares of the company’s stock, valued at $45,540,538.20. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BOX Stock Performance

Shares of BOX stock opened at $31.23 on Tuesday. Box, Inc. has a 52 week low of $24.56 and a 52 week high of $35.74. The stock has a 50 day moving average price of $32.87 and a two-hundred day moving average price of $30.99. The stock has a market capitalization of $4.49 billion, a PE ratio of 39.04 and a beta of 0.89.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BOX. DA Davidson began coverage on BOX in a research report on Wednesday, December 18th. They set a “buy” rating and a $45.00 price objective for the company. Citigroup raised their price objective on BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Morgan Stanley raised their price objective on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price objective on shares of BOX in a research report on Wednesday, December 4th. Finally, StockNews.com cut BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, BOX currently has a consensus rating of “Moderate Buy” and an average price target of $35.89.

Institutional Investors Weigh In On BOX

Hedge funds have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new stake in BOX in the third quarter valued at approximately $36,000. Quarry LP grew its stake in BOX by 324.6% in the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after acquiring an additional 1,084 shares during the period. GAMMA Investing LLC boosted its position in shares of BOX by 143.1% during the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after buying an additional 787 shares during the last quarter. Toronto Dominion Bank purchased a new position in shares of BOX during the second quarter valued at approximately $53,000. Finally, Farther Finance Advisors LLC boosted its position in shares of BOX by 245.4% during the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after buying an additional 1,536 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Company Profile

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 work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.