Box, Inc. (NYSE:BOX) Director Sells $191,295.00 in Stock

Box, Inc. (NYSE:BOX) Director Daniel J. Levin sold 5,886 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $32.50, for a total value of $191,295.00. Following the transaction, the director now directly owns 51,530 shares in the company, valued at $1,674,725. This trade represents a 10.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

BOX Trading Down 1.6 %

BOX stock opened at $32.48 on Friday. Box, Inc. has a 12 month low of $24.28 and a 12 month high of $35.74. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 40.60 and a beta of 0.86. The business’s fifty day simple moving average is $33.10 and its two-hundred day simple moving average is $30.14.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BOX shares. Citigroup lifted their price target on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $21.00 target price on shares of BOX in a research note on Wednesday, December 4th. UBS Group increased their price target on shares of BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Monness Crespi & Hardt upgraded BOX to a “hold” rating in a report on Friday, August 16th. Finally, Morgan Stanley increased their target price on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.75.

Hedge Funds Weigh In On BOX

Hedge funds have recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new stake in BOX during the 3rd quarter valued at about $36,000. GAMMA Investing LLC grew its holdings in shares of BOX by 143.1% during the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after buying an additional 787 shares during the last quarter. Quarry LP increased its position in shares of BOX by 324.6% during the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after acquiring an additional 1,084 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of BOX during the second quarter valued at approximately $53,000. Finally, Farther Finance Advisors LLC raised its holdings in BOX by 245.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after acquiring an additional 1,536 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

BOX Company Profile

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.