BOX (NYSE:BOX) CFO Sells $526,490.00 in Stock

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $30.97, for a total transaction of $526,490.00. Following the transaction, the chief financial officer owned 1,420,013 shares in the company, valued at approximately $43,977,802.61. This trade represents a 1.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

BOX Stock Down 0.2%

BOX stock opened at $30.12 on Monday. The stock has a market capitalization of $4.31 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 2.39 and a beta of 0.79. Box, Inc. has a 52 week low of $28.00 and a 52 week high of $38.80. The firm has a 50 day moving average of $31.58 and a 200 day moving average of $32.69.

Institutional Trading of BOX

A number of hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its position in BOX by 7,130.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock valued at $25,000 after acquiring an additional 713 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of BOX during the 1st quarter worth approximately $31,000. Salomon & Ludwin LLC purchased a new position in shares of BOX during the 3rd quarter valued at approximately $32,000. Employees Retirement System of Texas purchased a new position in shares of BOX during the 3rd quarter valued at approximately $35,000. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of BOX by 1,778.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock valued at $39,000 after purchasing an additional 1,138 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BOX shares. Citigroup upped their target price on BOX from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. DA Davidson reissued a “buy” rating and issued a $45.00 price objective on shares of BOX in a report on Wednesday, December 3rd. Royal Bank Of Canada raised their price objective on BOX from $24.00 to $26.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 27th. Zacks Research lowered BOX from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, UBS Group downgraded shares of BOX from a “buy” rating to a “neutral” rating and cut their price target for the stock from $42.00 to $36.00 in a report on Thursday, September 18th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $38.00.

BOX Company Profile

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.