Insider Selling: Box, Inc. (NYSE:BOX) CFO Sells 13,000 Shares of Stock

Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $31.05, for a total transaction of $403,650.00. Following the completion of the transaction, the chief financial officer now directly owns 1,466,684 shares in the company, valued at $45,540,538.20. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

BOX Trading Up 1.3 %

Shares of BOX traded up $0.41 during mid-day trading on Monday, reaching $31.23. The company’s stock had a trading volume of 1,846,807 shares, compared to its average volume of 1,490,111. Box, Inc. has a 52 week low of $24.56 and a 52 week high of $35.74. The stock has a market cap of $4.49 billion, a PE ratio of 39.04 and a beta of 0.89. The company’s fifty day moving average price is $32.90 and its two-hundred day moving average price is $30.95.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Itau Unibanco Holding S.A. bought a new stake in shares of BOX in the 3rd quarter valued at about $36,000. GAMMA Investing LLC lifted its position in BOX by 143.1% in the third 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. Quarry LP lifted its position in BOX by 324.6% in the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after purchasing an additional 1,084 shares during the last quarter. Toronto Dominion Bank purchased a new stake in shares of BOX during the second quarter valued at approximately $53,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of BOX by 245.4% in the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after purchasing an additional 1,536 shares during the last quarter. 86.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

BOX has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 price target on shares of BOX in a research report on Wednesday, December 4th. UBS Group raised their target price on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Bank of America started coverage on BOX in a report on Thursday, December 12th. They set a “buy” rating and a $40.00 price target for the company. William Blair restated an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Finally, StockNews.com lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.89.

About BOX

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.