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

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 1,420,013 shares of the company’s stock, valued at approximately $43,977,802.61. The trade was a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

BOX Price Performance

Shares of BOX stock opened at $30.12 on Friday. The stock’s 50-day moving average is $31.58 and its 200 day moving average is $32.72. Box, Inc. has a 1-year low of $28.00 and a 1-year high of $38.80. The company has a market cap of $4.31 billion, a P/E ratio of 24.29, a PEG ratio of 2.39 and a beta of 0.79.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Zacks Research downgraded shares of BOX from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Citigroup upped their price target on BOX from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 27th. UBS Group cut BOX from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $42.00 to $36.00 in a research report on Thursday, September 18th. Weiss Ratings restated a “hold (c+)” rating on shares of BOX in a research note on Wednesday. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $42.00 price target on shares of BOX in a research note on Wednesday, August 27th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $38.00.

Hedge Funds Weigh In On BOX

Several hedge funds have recently made changes to their positions in BOX. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 worth $25,000 after purchasing an additional 713 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in BOX during the 1st quarter worth approximately $31,000. Salomon & Ludwin LLC purchased a new position in BOX during the 3rd quarter worth approximately $32,000. Employees Retirement System of Texas acquired a new stake in BOX during the 3rd quarter valued at approximately $35,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of BOX by 1,778.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock valued at $39,000 after acquiring an additional 1,138 shares during the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

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.