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 that occurred 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 completion of the transaction, the chief financial officer now directly owns 1,453,684 shares in the company, valued at approximately $49,890,434.88. This trade represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

BOX Stock Down 0.1 %

BOX stock opened at $34.65 on Wednesday. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 43.32, a P/E/G ratio of 4.40 and a beta of 0.88. Box, Inc. has a 12 month low of $24.56 and a 12 month high of $35.74. The firm has a 50 day moving average of $32.27 and a two-hundred day moving average of $31.93.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BOX shares. Bank of America started coverage on shares of BOX in a research report on Thursday, December 12th. They issued a “buy” rating and a $40.00 target price on the stock. StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. DA Davidson assumed coverage on shares of BOX in a research report on Wednesday, December 18th. They set a “buy” rating and a $45.00 price objective on the stock. Citigroup boosted their price objective on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, UBS Group boosted their price objective on shares of BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. 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 stock. Based on data from MarketBeat.com, BOX has a consensus rating of “Moderate Buy” and an average target price of $35.89.

Institutional Trading of BOX

Institutional investors and hedge funds have recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of BOX in the third quarter worth $36,000. GAMMA Investing LLC lifted its stake in shares of BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after buying an additional 787 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of BOX by 715.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock worth $69,000 after buying an additional 1,897 shares during the last quarter. Farther Finance Advisors LLC raised its stake in BOX by 245.4% during 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 last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in BOX during the 4th quarter valued at $132,000. 86.74% of the stock is currently owned by institutional investors and hedge funds.

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.