Insider Selling: Box, Inc. (NYSE:BOX) CFO Sells 13,000 Shares of Stock

Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $34.32, for a total transaction of $446,160.00. Following the transaction, the chief financial officer now owns 1,453,684 shares in the company, valued at $49,890,434.88. This represents a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

BOX Stock Performance

Shares of NYSE:BOX opened at $35.09 on Thursday. The firm has a 50 day simple moving average of $32.34 and a 200 day simple moving average of $31.95. Box, Inc. has a 52 week low of $24.56 and a 52 week high of $35.74. The company has a market cap of $5.04 billion, a PE ratio of 43.86, a price-to-earnings-growth ratio of 4.40 and a beta of 0.88.

Institutional Trading of BOX

A number of hedge funds have recently modified their holdings of BOX. Creative Planning raised its position in BOX by 6.0% during the second quarter. Creative Planning now owns 15,112 shares of the software maker’s stock valued at $400,000 after buying an additional 860 shares during the period. Sanctuary Advisors LLC purchased a new position in BOX during the 2nd quarter valued at about $762,000. GAMMA Investing LLC increased its holdings in shares of BOX by 143.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after purchasing an additional 787 shares during the period. Exchange Traded Concepts LLC purchased a new stake in shares of BOX in the third quarter worth approximately $1,711,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of BOX by 6.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,898 shares of the software maker’s stock worth $553,000 after purchasing an additional 1,067 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BOX. DA Davidson initiated coverage on BOX in a research report on Wednesday, December 18th. They set a “buy” rating and a $45.00 price target on the stock. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price target on shares of BOX in a research report on Wednesday, December 4th. Bank of America assumed coverage on shares of BOX in a research report on Thursday, December 12th. They set a “buy” rating and a $40.00 price objective for the company. Citigroup boosted their target price on shares of BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, UBS Group increased their target price on shares of BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.89.

About BOX

Box, Inc engages in the provision of 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. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.