Dylan C. Smith Sells 13,000 Shares of Box, Inc. (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of BOX 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 transaction, the chief financial officer now directly owns 1,466,684 shares of the company’s stock, valued at $45,540,538.20. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BOX Trading Up 1.1 %

NYSE BOX opened at $31.70 on Thursday. The business’s 50-day moving average price is $32.84 and its 200 day moving average price is $31.02. Box, Inc. has a twelve month low of $24.56 and a twelve month high of $35.74. The company has a market capitalization of $4.56 billion, a PE ratio of 39.63 and a beta of 0.89.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Quest Partners LLC acquired a new position in BOX during the second quarter worth approximately $95,000. BOKF NA purchased a new stake in shares of BOX during the 2nd quarter valued at $609,000. Federated Hermes Inc. increased its holdings in shares of BOX by 8.5% during the 2nd quarter. Federated Hermes Inc. now owns 104,296 shares of the software maker’s stock worth $2,758,000 after buying an additional 8,157 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of BOX by 22.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 55,618 shares of the software maker’s stock worth $1,471,000 after buying an additional 10,361 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in BOX by 13.5% in the second quarter. Envestnet Asset Management Inc. now owns 331,872 shares of the software maker’s stock valued at $8,775,000 after acquiring an additional 39,366 shares during the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. DA Davidson started coverage on BOX in a research report on Wednesday, December 18th. They set a “buy” rating and a $45.00 price objective for the company. Morgan Stanley increased their target price on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price target on shares of BOX in a report on Wednesday, December 4th. Finally, UBS Group increased their price objective on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BOX has a consensus rating of “Moderate Buy” and an average price target of $35.89.

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.