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

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $24.75, for a total transaction of $420,750.00. Following the sale, the chief financial officer directly owned 1,311,195 shares of the company’s stock, valued at $32,452,076.25. This trade represents a 1.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

BOX Trading Down 4.9%

BOX stock opened at $23.29 on Thursday. The stock has a market capitalization of $3.34 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 1.40 and a beta of 0.79. Box, Inc. has a 12-month low of $22.98 and a 12-month high of $38.80. The stock’s 50 day simple moving average is $28.17 and its 200 day simple moving average is $30.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Woodline Partners LP grew its stake in shares of BOX by 16.4% during the 1st quarter. Woodline Partners LP now owns 17,800 shares of the software maker’s stock valued at $549,000 after purchasing an additional 2,506 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of BOX by 7.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 477,822 shares of the software maker’s stock worth $14,746,000 after buying an additional 32,726 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in BOX during the first quarter valued at approximately $31,000. Sivia Capital Partners LLC purchased a new stake in BOX during the second quarter valued at approximately $484,000. Finally, Ameritas Advisory Services LLC purchased a new stake in BOX during the second quarter valued at approximately $41,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently 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 reiterated a “hold (c+)” rating on shares of BOX in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, BOX currently has a consensus rating of “Hold” and an average price target of $38.00.

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.