BOX (NYSE:BOX) Reaches New 12-Month Low – Here’s What Happened

Box, Inc. (NYSE:BOX)’s share price hit a new 52-week low on Monday . The stock traded as low as $21.89 and last traded at $22.0080, with a volume of 97907 shares traded. The stock had previously closed at $22.87.

Analysts Set New Price Targets

BOX has been the topic of several recent analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $45.00 price target on shares of BOX in a research note on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BOX in a research report on Monday, December 29th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $38.00.

BOX Stock Performance

The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 18.58, a P/E/G ratio of 1.25 and a beta of 0.79. The firm has a 50-day simple moving average of $26.74 and a two-hundred day simple moving average of $30.02.

Insider Activity

In other news, Director Jack R. Lazar sold 2,500 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $31.77, for a total transaction of $79,425.00. Following the sale, the director owned 25,355 shares of the company’s stock, valued at approximately $805,528.35. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 17,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $24.75, for a total value of $420,750.00. Following the transaction, the chief financial officer directly owned 1,311,195 shares of the company’s stock, valued at $32,452,076.25. The trade was a 1.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 82,887 shares of company stock worth $2,399,707 over the last 90 days. Company insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On BOX

Several large investors have recently bought and sold shares of BOX. Caitong International Asset Management Co. Ltd lifted its holdings in BOX by 7,130.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock worth $25,000 after buying an additional 713 shares during the last quarter. First Horizon Corp raised its position in shares of BOX by 148.1% during the 4th quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after acquiring an additional 496 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in BOX during the fourth quarter worth approximately $26,000. Salomon & Ludwin LLC acquired a new position in BOX in the third quarter valued at approximately $32,000. Finally, Geneos Wealth Management Inc. acquired a new position in BOX in the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

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.