BOX (NYSE:BOX) Reaches New 1-Year Low – Time to Sell?

Box, Inc. (NYSE:BOX)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $25.75 and last traded at $26.0240, with a volume of 219204 shares trading hands. The stock had previously closed at $25.85.

Analysts Set New Price Targets

Several equities analysts have commented on BOX shares. DA Davidson reiterated a “buy” rating and issued a $45.00 price objective on shares of BOX in a report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of BOX in a report on Monday, December 29th. Finally, Zacks Research cut BOX from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, BOX has an average rating of “Hold” and a consensus target price of $38.00.

BOX Stock Performance

The firm’s fifty day simple moving average is $29.88 and its 200 day simple moving average is $31.51. The stock has a market capitalization of $3.69 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 2.05 and a beta of 0.80.

Insider Activity

In related news, Director Jack R. Lazar sold 2,500 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $31.77, for a total value of $79,425.00. Following the completion of the sale, the director directly owned 25,355 shares in the company, valued at $805,528.35. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Eli Berkovitch sold 5,163 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $29.96, for a total value of $154,683.48. Following the completion of the sale, the vice president directly owned 123,684 shares of the company’s stock, valued at approximately $3,705,572.64. The trade was a 4.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 82,887 shares of company stock valued at $2,536,567. 3.90% of the stock is currently owned by insiders.

Institutional Trading of BOX

A number of large investors have recently bought and sold shares of BOX. Caitong International Asset Management Co. Ltd grew its stake in BOX by 7,130.0% in the second 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. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of BOX in the 4th quarter worth $26,000. Geneos Wealth Management Inc. acquired a new stake in BOX in the 1st quarter valued at $31,000. Salomon & Ludwin LLC bought a new stake in BOX during the 3rd quarter valued at $32,000. Finally, Employees Retirement System of Texas acquired a new position in BOX during the third quarter worth $35,000. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Company Profile

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.