Box, Inc. (NYSE:BOX - Get Free Report) VP Eli Berkovitch sold 4,792 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $32.46, for a total value of $155,548.32. Following the transaction, the vice president now directly owns 140,172 shares in the company, valued at $4,549,983.12. The trade was a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
BOX Stock Performance
Shares of BOX stock opened at $31.99 on Thursday. The company has a market capitalization of $4.60 billion, a P/E ratio of 39.99 and a beta of 0.86. The company has a fifty day moving average of $33.10 and a 200 day moving average of $30.28. Box, Inc. has a fifty-two week low of $24.28 and a fifty-two week high of $35.74.
Analyst Ratings Changes
BOX has been the subject of a number of recent research reports. Bank of America assumed coverage on BOX in a research note on Thursday, December 12th. They set a "buy" rating and a $40.00 price target for the company. William Blair reaffirmed an "outperform" rating on shares of BOX in a report on Thursday, November 14th. DA Davidson began coverage on shares of BOX in a research note on Wednesday. They set a "buy" rating and a $45.00 price target on the stock. UBS Group boosted their price objective on shares of BOX from $34.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada reaffirmed an "underperform" rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, BOX presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.89.
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Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. purchased a new position in shares of BOX in the third quarter worth $36,000. Quarry LP lifted its stake in BOX by 324.6% in the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker's stock worth $37,000 after purchasing an additional 1,084 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of BOX by 143.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker's stock valued at $44,000 after purchasing an additional 787 shares during the last quarter. Toronto Dominion Bank purchased a new position in shares of BOX during the second quarter valued at about $53,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker's stock worth $69,000 after purchasing an additional 632 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.
About BOX
(
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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