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 BOX stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $34.32, for a total value of $446,160.00. Following the completion of the transaction, the chief financial officer now directly owns 1,453,684 shares of the company’s stock, valued at $49,890,434.88. This represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

BOX Stock Performance

NYSE:BOX traded down $0.05 during mid-day trading on Tuesday, hitting $34.65. The company had a trading volume of 761,660 shares, compared to its average volume of 1,359,291. Box, Inc. has a fifty-two week low of $24.56 and a fifty-two week high of $35.74. The firm has a market cap of $4.98 billion, a P/E ratio of 43.32, a P/E/G ratio of 4.40 and a beta of 0.88. The business’s fifty day moving average is $32.27 and its two-hundred day moving average is $31.88.

Analysts Set New Price Targets

BOX has been the subject of several research reports. William Blair restated an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. Citigroup raised their price target on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Morgan Stanley upped their price objective on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. DA Davidson assumed coverage on BOX in a research note on Wednesday, December 18th. They issued a “buy” rating and a $45.00 target price for the company. Finally, UBS Group upped their price target on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.89.

Institutional Trading of BOX

A number of hedge funds have recently modified their holdings of BOX. Itau Unibanco Holding S.A. bought a new position in BOX during the third quarter worth about $36,000. GAMMA Investing LLC lifted its holdings in shares of BOX by 143.1% during 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 in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of BOX by 715.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock valued at $69,000 after purchasing an additional 1,897 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of BOX by 245.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after purchasing an additional 1,536 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in BOX during the 4th quarter worth approximately $132,000. 86.74% of the stock is currently owned by institutional investors and hedge funds.

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.