Box, Inc. (NYSE:BOX) CFO Sells $403,650.00 in Stock

Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $31.05, for a total value of $403,650.00. Following the sale, the chief financial officer now owns 1,466,684 shares of the company’s stock, valued at approximately $45,540,538.20. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

BOX Stock Performance

Shares of BOX traded up $0.41 during mid-day trading on Monday, reaching $31.23. 1,846,807 shares of the company were exchanged, compared to its average volume of 1,490,111. The business has a 50 day simple moving average of $32.90 and a two-hundred day simple moving average of $30.95. Box, Inc. has a 52 week low of $24.56 and a 52 week high of $35.74. The stock has a market capitalization of $4.49 billion, a PE ratio of 39.04 and a beta of 0.89.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Congress Asset Management Co. bought a new position in BOX during the third quarter worth $46,236,000. Earnest Partners LLC grew its stake in shares of BOX by 8.5% in the 2nd quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock valued at $210,487,000 after buying an additional 620,450 shares during the period. Dimensional Fund Advisors LP increased its position in BOX by 9.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock valued at $67,809,000 after buying an additional 229,314 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in BOX by 10.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker’s stock worth $44,900,000 after buying an additional 134,175 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in BOX in the third quarter worth approximately $4,314,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Bank of America started coverage on shares of BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 target price for the company. Morgan Stanley raised their target price on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 4th. StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. Citigroup increased their price target on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, UBS Group boosted their price objective on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. One investment 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $35.89.

About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.