Box, Inc. (NYSE:BOX - Get Free Report) VP Eli Berkovitch sold 2,750 shares of the firm's stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $29.58, for a total value of $81,345.00. Following the completion of the sale, the vice president now owns 121,922 shares of the company's stock, valued at approximately $3,606,452.76. This represents a 2.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Eli Berkovitch also recently made the following trade(s):
- On Monday, March 24th, Eli Berkovitch sold 5,651 shares of BOX stock. The stock was sold at an average price of $30.66, for a total transaction of $173,259.66.
BOX Stock Performance
NYSE BOX opened at $30.13 on Tuesday. The company has a market cap of $4.33 billion, a PE ratio of 37.66, a P/E/G ratio of 4.42 and a beta of 0.96. The firm's 50 day moving average price is $32.02 and its 200-day moving average price is $32.40. Box, Inc. has a 52-week low of $24.63 and a 52-week high of $35.74.
BOX announced that its board has approved a stock buyback plan on Tuesday, March 4th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the software maker to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.
Institutional Trading of BOX
A number of institutional investors have recently modified their holdings of BOX. Thurston Springer Miller Herd & Titak Inc. increased its stake in BOX by 332.5% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock valued at $27,000 after purchasing an additional 665 shares in the last quarter. Versant Capital Management Inc lifted its holdings in BOX by 519.4% in the first quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker's stock valued at $60,000 after acquiring an additional 1,636 shares during the period. Smartleaf Asset Management LLC boosted its holdings in BOX by 715.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock worth $69,000 after buying an additional 1,897 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of BOX by 42.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker's stock worth $69,000 after acquiring an additional 653 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in BOX by 19.3% in the fourth quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock valued at $81,000 after purchasing an additional 417 shares during the period. 86.74% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several analysts have issued reports on BOX shares. Royal Bank of Canada reissued an "underperform" rating and issued a $21.00 price objective on shares of BOX in a research note on Wednesday, March 19th. DA Davidson decreased their price target on BOX from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Monday. Raymond James reaffirmed an "outperform" rating and issued a $38.00 price objective (down previously from $40.00) on shares of BOX in a research report on Wednesday, March 5th. StockNews.com downgraded BOX from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their price target on shares of BOX from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, BOX has an average rating of "Moderate Buy" and an average target price of $36.56.
Check Out Our Latest Research Report on BOX
About BOX
(
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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.
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