BOX (NYSE:BOX) CFO Sells $526,490.00 in Stock

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $30.97, for a total value of $526,490.00. Following the transaction, the chief financial officer owned 1,420,013 shares in the company, valued at $43,977,802.61. This trade represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

BOX Stock Down 0.2%

Shares of NYSE BOX traded down $0.07 during trading on Friday, hitting $30.12. 1,802,939 shares of the company traded hands, compared to its average volume of 1,946,633. Box, Inc. has a 1 year low of $28.00 and a 1 year high of $38.80. The company has a 50-day moving average price of $31.62 and a 200-day moving average price of $32.71. The firm has a market capitalization of $4.36 billion, a P/E ratio of 24.29, a P/E/G ratio of 2.41 and a beta of 0.79.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BOX. Weiss Ratings restated a “hold (c+)” rating on shares of BOX in a research note on Wednesday. Citigroup raised their target price on BOX from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, August 27th. UBS Group cut BOX from a “buy” rating to a “neutral” rating and cut their price target for the stock from $42.00 to $36.00 in a research note on Thursday, September 18th. Zacks Research downgraded BOX from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $42.00 target price on shares of BOX in a research report on Wednesday, August 27th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $38.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC increased its stake in shares of BOX by 36.4% in the second quarter. Acadian Asset Management LLC now owns 4,137,447 shares of the software maker’s stock valued at $141,345,000 after purchasing an additional 1,104,314 shares during the period. Norges Bank bought a new position in BOX in the 2nd quarter worth approximately $33,042,000. Qube Research & Technologies Ltd grew its holdings in BOX by 240.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker’s stock worth $41,354,000 after buying an additional 854,953 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in BOX in the 2nd quarter valued at approximately $22,626,000. Finally, Mizuho Markets Americas LLC bought a new stake in BOX during the 3rd quarter valued at $20,851,000. Institutional investors own 86.74% of the company’s stock.

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.