BOX (NYSE:BOX) CFO Sells $502,690.00 in Stock

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of BOX stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $29.57, for a total value of $502,690.00. Following the transaction, the chief financial officer owned 1,328,195 shares of the company’s stock, valued at approximately $39,274,726.15. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

BOX Trading Down 3.3%

BOX stock opened at $27.26 on Thursday. The firm has a market cap of $3.90 billion, a PE ratio of 21.98, a P/E/G ratio of 2.24 and a beta of 0.80. Box, Inc. has a 12 month low of $27.02 and a 12 month high of $38.80. The stock’s 50 day simple moving average is $30.20 and its two-hundred day simple moving average is $31.68.

Institutional Investors Weigh In On BOX

Several institutional investors have recently bought and sold shares of BOX. Caitong International Asset Management Co. Ltd raised its holdings in shares of BOX by 7,130.0% during 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 last quarter. Geneos Wealth Management Inc. acquired a new position in BOX in the 1st quarter valued at $31,000. Salomon & Ludwin LLC purchased a new position in BOX in the 3rd quarter valued at $32,000. Employees Retirement System of Texas acquired a new stake in BOX during the 3rd quarter worth $35,000. Finally, CIBC Private Wealth Group LLC boosted its stake in BOX by 1,778.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock worth $39,000 after purchasing an additional 1,138 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BOX. DA Davidson reissued a “buy” rating and set a $45.00 target price on shares of BOX in a research note on Wednesday, December 3rd. UBS Group downgraded BOX from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $42.00 to $36.00 in a research report on Thursday, September 18th. Zacks Research cut BOX from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BOX in a research note on Monday, December 29th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $38.00.

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.