BOX (NYSE:BOX) Reaches New 1-Year Low – What’s Next?

Box, Inc. (NYSE:BOX) shares hit a new 52-week low on Tuesday . The stock traded as low as $22.42 and last traded at $22.7010, with a volume of 1055758 shares changing hands. The stock had previously closed at $23.19.

Analysts Set New Price Targets

BOX has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of BOX in a research note on Monday, December 29th. DA Davidson reaffirmed a “buy” rating and set a $45.00 price objective on shares of BOX in a research report on Wednesday, December 3rd. 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $38.00.

BOX Stock Down 2.2%

The company has a market cap of $3.25 billion, a P/E ratio of 18.29, a P/E/G ratio of 1.33 and a beta of 0.79. The business has a fifty day simple moving average of $27.66 and a two-hundred day simple moving average of $30.41.

Insider Buying and Selling at BOX

In related news, CFO Dylan C. Smith sold 17,000 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $24.75, for a total value of $420,750.00. Following the transaction, the chief financial officer directly owned 1,311,195 shares of the company’s stock, valued at approximately $32,452,076.25. This trade represents a 1.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction on Wednesday, December 10th. The shares were 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 in the company, valued at $89,209,575.90. This trade represents a 0.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 82,887 shares of company stock valued at $2,399,707 in the last quarter. Insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its stake in shares of BOX by 7,130.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock valued at $25,000 after acquiring an additional 713 shares during the period. First Horizon Corp boosted its position in shares of BOX by 148.1% in the fourth quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after purchasing an additional 496 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of BOX in the fourth quarter worth approximately $26,000. Geneos Wealth Management Inc. purchased a new stake in shares of BOX in the first quarter worth $31,000. Finally, Salomon & Ludwin LLC bought a new stake in shares of BOX during the 3rd quarter valued at $32,000. Institutional investors own 86.74% of the company’s stock.

About BOX

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.