Box, Inc. (NYSE:BOX - Get Free Report) Director Daniel J. Levin sold 5,886 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $32.50, for a total value of $191,295.00. Following the completion of the sale, the director now owns 51,530 shares in the company, valued at $1,674,725. This represents a 10.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
BOX Price Performance
BOX stock opened at $33.02 on Friday. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 41.28 and a beta of 0.86. The firm has a 50-day moving average of $33.09 and a two-hundred day moving average of $30.09. Box, Inc. has a 1 year low of $24.15 and a 1 year high of $35.74.
Analyst Ratings Changes
BOX has been the subject of a number of recent research reports. Royal Bank of Canada reissued an "underperform" rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, December 4th. UBS Group boosted their target price on shares of BOX from $34.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. StockNews.com downgraded shares of BOX from a "strong-buy" rating to a "buy" rating in a report on Thursday, December 5th. Bank of America started coverage on BOX in a research note on Thursday. They set a "buy" rating and a $40.00 price objective on the stock. Finally, Citigroup lifted their target price on BOX from $34.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, BOX has a consensus rating of "Moderate Buy" and an average target price of $34.75.
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Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of BOX. Franklin Resources Inc. raised its position in BOX by 8.2% during the 3rd quarter. Franklin Resources Inc. now owns 21,823 shares of the software maker's stock valued at $712,000 after purchasing an additional 1,646 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of BOX by 24.5% in the third quarter. Sanctuary Advisors LLC now owns 35,352 shares of the software maker's stock valued at $1,212,000 after acquiring an additional 6,965 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in BOX by 13.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 14,546 shares of the software maker's stock worth $476,000 after acquiring an additional 1,690 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of BOX by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker's stock worth $106,387,000 after purchasing an additional 13,028 shares during the period. Finally, MML Investors Services LLC bought a new position in shares of BOX during the third quarter valued at approximately $266,000. Institutional investors own 86.74% of the company's stock.
BOX Company Profile
(
Get Free Report)
Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.
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