Box, Inc. (NYSE:BOX) CFO Sells $446,160.00 in Stock

Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Monday, February 10th. The stock was 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 approximately $49,890,434.88. This trade represents a 0.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

BOX Stock Down 0.1 %

BOX stock traded down $0.05 during trading hours on Tuesday, hitting $34.65. The stock 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 company has a market cap of $4.98 billion, a PE ratio of 43.32, a price-to-earnings-growth ratio of 4.40 and a beta of 0.88. The company has a 50-day moving average of $32.27 and a two-hundred day moving average of $31.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp grew its stake in shares of BOX by 1.2% in the 3rd quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock valued at $184,042,000 after purchasing an additional 69,107 shares during the period. Sei Investments Co. grew its position in BOX by 8.4% in the fourth quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker’s stock valued at $103,857,000 after acquiring an additional 255,623 shares during the period. Geode Capital Management LLC raised its stake in BOX by 0.4% during the third quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock worth $106,387,000 after acquiring an additional 13,028 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of BOX by 1.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,425,176 shares of the software maker’s stock valued at $79,376,000 after acquiring an additional 44,190 shares during the period. Finally, Congress Asset Management Co. boosted its stake in shares of BOX by 17.5% in the 4th quarter. Congress Asset Management Co. now owns 1,659,646 shares of the software maker’s stock valued at $52,445,000 after purchasing an additional 246,993 shares in the last quarter. 86.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BOX. Morgan Stanley boosted their target price on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. Bank of America assumed coverage on shares of BOX in a research note on Thursday, December 12th. They issued a “buy” rating and a $40.00 target price on the stock. DA Davidson started coverage on shares of BOX in a research report on Wednesday, December 18th. They set a “buy” rating and a $45.00 target price for the company. StockNews.com downgraded BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BOX presently has an average rating of “Moderate Buy” and an average target price of $35.89.

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.