Box, Inc. (NYSE:BOX) VP Eli Berkovitch Sells 4,792 Shares

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 4,792 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $32.46, for a total transaction of $155,548.32. Following the transaction, the vice president now owns 140,172 shares of the company’s stock, valued at approximately $4,549,983.12. This represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

BOX Stock Down 0.2 %

BOX stock traded down $0.08 during trading hours on Wednesday, reaching $31.99. 2,281,792 shares of the company’s stock were exchanged, compared to its average volume of 2,006,057. The firm has a market capitalization of $4.60 billion, a PE ratio of 39.99 and a beta of 0.86. The firm’s 50 day simple moving average is $33.10 and its 200 day simple moving average is $30.28. Box, Inc. has a twelve month low of $24.28 and a twelve month high of $35.74.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BOX. Glenmede Trust Co. NA increased its stake in BOX by 1.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 34,107 shares of the software maker’s stock valued at $1,116,000 after purchasing an additional 535 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of BOX by 3.7% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,831 shares of the software maker’s stock worth $419,000 after acquiring an additional 560 shares during the last quarter. Connable Office Inc. lifted its position in BOX by 3.8% in the 2nd quarter. Connable Office Inc. now owns 15,707 shares of the software maker’s stock valued at $415,000 after acquiring an additional 573 shares in the last quarter. Creative Planning raised its stake in shares of BOX by 4.2% in the third quarter. Creative Planning now owns 15,743 shares of the software maker’s stock worth $515,000 after purchasing an additional 631 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of BOX by 31.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after buying an additional 632 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. UBS Group raised their price objective 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 initiated coverage on BOX in a research note on Thursday, December 12th. They set a “buy” rating and a $40.00 price target on the stock. Morgan Stanley boosted their price target on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. William Blair restated an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. Finally, StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.