BOX (NYSE:BOX) CFO Dylan Smith Sells 17,000 Shares

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $30.97, for a total value of $526,490.00. Following the transaction, the chief financial officer directly owned 1,420,013 shares in the company, valued at $43,977,802.61. This trade represents a 1.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

BOX Trading Down 0.2%

NYSE BOX opened at $30.12 on Friday. Box, Inc. has a 12 month low of $28.00 and a 12 month high of $38.80. The stock has a 50 day moving average of $31.58 and a 200-day moving average of $32.71. The company has a market cap of $4.31 billion, a PE ratio of 24.29, a PEG ratio of 2.40 and a beta of 0.79.

Hedge Funds Weigh In On BOX

A number of large investors have recently made changes to their positions in BOX. Caitong International Asset Management Co. Ltd grew its holdings in BOX by 7,130.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock valued at $25,000 after buying an additional 713 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in shares of BOX in the third quarter valued at about $32,000. Geneos Wealth Management Inc. acquired a new position in shares of BOX in the first quarter valued at about $31,000. Employees Retirement System of Texas bought a new position in BOX during the third quarter worth about $35,000. Finally, Ameritas Advisory Services LLC bought a new position in BOX during the second quarter worth about $41,000. Institutional investors own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BOX shares. Royal Bank Of Canada upped their target price on shares of BOX from $24.00 to $26.00 and gave the company an “underperform” rating in a report on Wednesday, August 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of BOX in a research report on Wednesday. Zacks Research cut BOX from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. UBS Group downgraded BOX from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $42.00 to $36.00 in a research note on Thursday, September 18th. Finally, Citigroup increased their price target on BOX from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, August 27th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.00.

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.