Eli Berkovitch Sells 5,163 Shares of BOX (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 5,163 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $29.96, for a total transaction of $154,683.48. Following the transaction, the vice president directly owned 123,684 shares of the company’s stock, valued at $3,705,572.64. This represents a 4.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Eli Berkovitch also recently made the following trade(s):

• On Tuesday, October 7th, Eli Berkovitch sold 3,500 shares of BOX stock. The stock was sold at an average price of $32.77, for a total value of $114,695.00.

BOX Trading Up 0.5%

BOX traded up $0.16 on Wednesday, hitting $30.17. 2,172,296 shares of the stock traded hands, compared to its average volume of 1,949,206. The business has a fifty day moving average price of $31.46 and a two-hundred day moving average price of $32.58. The firm has a market capitalization of $4.32 billion, a PE ratio of 24.33, a P/E/G ratio of 2.36 and a beta of 0.79. Box, Inc. has a 52 week low of $28.00 and a 52 week high of $38.80.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Zacks Research cut BOX from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Citigroup boosted their price target on shares of BOX from $39.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. Royal Bank Of Canada increased their price objective on shares of BOX from $24.00 to $26.00 and gave the company an “underperform” rating in a research note on Wednesday, August 27th. DA Davidson reaffirmed a “buy” rating and set a $45.00 price objective on shares of BOX in a report on Wednesday, December 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of BOX in a research report on Tuesday. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.00.

Institutional Investors Weigh In On BOX

Several institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. grew its holdings in shares of BOX by 8.3% in the 1st quarter. Invesco Ltd. now owns 567,786 shares of the software maker’s stock worth $17,522,000 after purchasing an additional 43,355 shares during the last quarter. Quantbot Technologies LP boosted its position in BOX by 409.3% in the first quarter. Quantbot Technologies LP now owns 71,489 shares of the software maker’s stock valued at $2,206,000 after buying an additional 57,452 shares in the last quarter. Voss Capital LP acquired a new position in BOX in the first quarter valued at about $5,958,000. Emmett Investment Management LP grew its stake in BOX by 11.2% during the first quarter. Emmett Investment Management LP now owns 159,750 shares of the software maker’s stock worth $5,003,000 after buying an additional 16,150 shares during the last quarter. Finally, Capital Fund Management S.A. grew its stake in BOX by 38.5% during the first quarter. Capital Fund Management S.A. now owns 342,753 shares of the software maker’s stock worth $10,577,000 after buying an additional 95,249 shares during the last quarter. Institutional investors and hedge funds 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.