Box, Inc. (NYSE:BOX) VP Sells $81,345.00 in Stock

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 2,750 shares of the stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $29.58, for a total value of $81,345.00. Following the sale, the vice president now owns 121,922 shares of the company’s stock, valued at approximately $3,606,452.76. The trade was a 2.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Eli Berkovitch also recently made the following trade(s):

• On Monday, March 24th, Eli Berkovitch sold 5,651 shares of BOX stock. The stock was sold at an average price of $30.66, for a total value of $173,259.66.

BOX Price Performance

NYSE BOX opened at $29.94 on Wednesday. The company has a fifty day moving average price of $31.93 and a 200-day moving average price of $32.38. Box, Inc. has a 1 year low of $24.63 and a 1 year high of $35.74. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 4.42 and a beta of 0.96.

BOX declared that its Board of Directors has authorized a share repurchase program on Tuesday, March 4th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the software maker to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

BOX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on BOX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. DA Davidson reduced their price target on shares of BOX from $45.00 to $40.00 and set a “buy” rating for the company in a report on Monday. Raymond James reiterated an “outperform” rating and set a $38.00 price objective (down previously from $40.00) on shares of BOX in a report on Wednesday, March 5th. StockNews.com cut BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $21.00 price target on shares of BOX in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.56.

Institutional Trading of BOX

A number of institutional investors and hedge funds have recently modified their holdings of BOX. Stifel Financial Corp increased its position in shares of BOX by 34.6% during the 3rd quarter. Stifel Financial Corp now owns 41,026 shares of the software maker’s stock valued at $1,343,000 after purchasing an additional 10,542 shares during the last quarter. MML Investors Services LLC bought a new stake in BOX in the third quarter worth about $266,000. Geode Capital Management LLC grew its position in shares of BOX by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock valued at $106,387,000 after acquiring an additional 13,028 shares during the period. Coldstream Capital Management Inc. grew its position in shares of BOX by 13.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 14,546 shares of the software maker’s stock valued at $476,000 after acquiring an additional 1,690 shares during the period. Finally, Sanctuary Advisors LLC increased its stake in shares of BOX by 24.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 35,352 shares of the software maker’s stock worth $1,212,000 after purchasing an additional 6,965 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

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.