Box, Inc. (NYSE:BOX – Get Free Report) CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $32.08, for a total transaction of $320,800.00. Following the sale, the chief executive officer now owns 2,979,780 shares of the company’s stock, valued at $95,591,342.40. This trade represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
BOX Stock Performance
BOX stock opened at $30.36 on Friday. Box, Inc. has a one year low of $24.63 and a one year high of $35.74. The company’s fifty day moving average price is $32.81 and its 200-day moving average price is $32.74. The company has a market capitalization of $4.36 billion, a PE ratio of 37.95, a price-to-earnings-growth ratio of 4.42 and a beta of 1.00.
BOX declared that its board has approved a stock repurchase program on Tuesday, March 4th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the software maker to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
Hedge Funds Weigh In On BOX
Analyst Upgrades and Downgrades
Several analysts recently issued reports on BOX shares. Raymond James restated an “outperform” rating and set a $38.00 target price (down from $40.00) on shares of BOX in a research report on Wednesday, March 5th. Royal Bank of Canada restated an “underperform” rating and set a $21.00 target price on shares of BOX in a research report on Wednesday, December 4th. UBS Group boosted their target price 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. Citigroup boosted their target price on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, StockNews.com lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, BOX presently has a consensus rating of “Moderate Buy” and an average target price of $36.60.
Check Out Our Latest Stock Analysis on BOX
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.
Featured Articles
- Five stocks we like better than BOX
- When to Sell a Stock for Profit or Loss
- 3 Undervalued Stocks You Can Buy at a Discount Now
- Basic Materials Stocks Investing
- AMD Stock: Can the PC Refresh Cycle Spark a Rally?
- What is a buyback in stocks? A comprehensive guide for investors
- Micron Stock Spikes 7%—3 Key Catalysts Behind the Move
Receive News & Ratings for BOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOX and related companies with MarketBeat.com's FREE daily email newsletter.