Aaron Levie Sells 10,000 Shares of Box, Inc. (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $32.54, for a total transaction of $325,400.00. Following the completion of the sale, the chief executive officer now directly owns 2,999,155 shares in the company, valued at approximately $97,592,503.70. The trade was a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

BOX Stock Down 1.6 %

BOX opened at $32.48 on Friday. The firm’s fifty day simple moving average is $33.10 and its two-hundred day simple moving average is $30.14. Box, Inc. has a 52-week low of $24.28 and a 52-week high of $35.74. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 40.60 and a beta of 0.86.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BOX. Itau Unibanco Holding S.A. acquired a new position in shares of BOX during the third quarter valued at approximately $36,000. Quarry LP raised its stake in BOX by 324.6% in the 2nd 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. GAMMA Investing LLC lifted its holdings in BOX by 143.1% in 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 in the last quarter. Toronto Dominion Bank purchased a new position in BOX in the 2nd quarter valued at $53,000. Finally, Nisa Investment Advisors LLC boosted its stake in BOX by 31.7% during the 2nd 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.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BOX. Monness Crespi & Hardt raised BOX to a “hold” rating in a report on Friday, August 16th. Morgan Stanley boosted their price target on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. Bank of America initiated coverage on shares of BOX in a research note on Thursday. They set a “buy” rating and a $40.00 price objective on the stock. 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 note on Wednesday, December 4th. Finally, Citigroup raised their price target 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, BOX has an average rating of “Moderate Buy” and a consensus price target of $34.75.

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.