BOX (NYSE:BOX) CEO Sells $457,950.00 in Stock

Box, Inc. (NYSE:BOX) CEO Aaron Levie sold 15,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $30.53, for a total value of $457,950.00. Following the transaction, the chief executive officer owned 2,922,030 shares of the company’s stock, valued at approximately $89,209,575.90. This represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

BOX Trading Down 0.2%

BOX traded down $0.07 on Friday, hitting $30.12. The company had a trading volume of 1,802,939 shares, compared to its average volume of 1,946,633. The company’s fifty day moving average price is $31.62 and its 200 day moving average price is $32.71. Box, Inc. has a 1 year low of $28.00 and a 1 year high of $38.80. The firm has a market cap of $4.36 billion, a P/E ratio of 24.29, a PEG ratio of 2.41 and a beta of 0.79.

Wall Street Analysts Forecast Growth

BOX has been the topic of several recent analyst reports. Royal Bank Of Canada upped their price objective on shares of BOX from $24.00 to $26.00 and gave the stock an “underperform” rating in a report on Wednesday, August 27th. DA Davidson reissued a “buy” rating and issued a $45.00 target price on shares of BOX in a research report on Wednesday, December 3rd. Citigroup upped their price target on BOX from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 27th. Zacks Research cut BOX from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $42.00 price objective on shares of BOX in a report on Wednesday, August 27th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $38.00.

Institutional Investors Weigh In On BOX

Hedge funds have recently bought and sold shares of the stock. Sunriver Management LLC boosted its position in shares of BOX by 62.9% during the 1st quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker’s stock worth $47,736,000 after acquiring an additional 597,410 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in BOX in the second quarter valued at approximately $256,000. Mackenzie Financial Corp boosted its holdings in BOX by 15.2% in the second quarter. Mackenzie Financial Corp now owns 560,329 shares of the software maker’s stock valued at $19,146,000 after purchasing an additional 73,896 shares in the last quarter. Creative Planning increased its stake in BOX by 84.3% in the second quarter. Creative Planning now owns 39,251 shares of the software maker’s stock valued at $1,341,000 after purchasing an additional 17,950 shares during the last quarter. Finally, 111 Capital acquired a new stake in BOX during the second quarter worth approximately $659,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

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.