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

Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $32.33, for a total transaction of $420,290.00. Following the transaction, the chief financial officer now directly owns 1,448,509 shares of the company’s stock, valued at $46,830,295.97. This trade represents a 0.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

BOX Price Performance

NYSE:BOX opened at $32.48 on Friday. The firm has a 50-day moving average of $33.10 and a two-hundred day moving average of $30.14. The stock has a market cap of $4.65 billion, a P/E ratio of 40.60 and a beta of 0.86. Box, Inc. has a 1-year low of $24.28 and a 1-year high of $35.74.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BOX. Earnest Partners LLC raised its position in shares of BOX by 8.5% in the 2nd quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock valued at $210,487,000 after purchasing an additional 620,450 shares in the last quarter. State Street Corp grew its holdings in BOX by 1.2% during the 3rd quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock worth $184,042,000 after acquiring an additional 69,107 shares in the last quarter. Geode Capital Management LLC increased its position in shares of BOX by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock worth $106,387,000 after purchasing an additional 13,028 shares during the last quarter. Sei Investments Co. raised its stake in shares of BOX by 4.2% in the 2nd quarter. Sei Investments Co. now owns 3,078,857 shares of the software maker’s stock valued at $81,405,000 after purchasing an additional 125,435 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of BOX by 9.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock worth $67,809,000 after purchasing an additional 229,314 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

BOX has been the topic of a number of research analyst reports. Monness Crespi & Hardt upgraded BOX to a “hold” rating in a report on Friday, August 16th. Morgan Stanley raised their price target on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Friday. Bank of America started coverage on shares of BOX in a research report on Thursday. They set a “buy” rating and a $40.00 price target for the company. Finally, UBS Group boosted their price objective on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.75.

About BOX

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.