Box, Inc. (NYSE:BOX) CFO Dylan C. Smith Sells 13,000 Shares

Box, Inc. (NYSE:BOX – Get Rating) CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $26.09, for a total transaction of $339,170.00. Following the transaction, the chief financial officer now owns 1,402,904 shares in the company, valued at approximately $36,601,765.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

BOX Stock Performance

BOX stock opened at $25.37 on Wednesday. The company has a fifty day moving average price of $31.41 and a 200-day moving average price of $29.10. The company has a market capitalization of $3.63 billion, a P/E ratio of 507.40, a PEG ratio of 11.90 and a beta of 1.07. Box, Inc. has a 52-week low of $22.31 and a 52-week high of $34.98.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of BOX from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $31.00 to $34.00 in a research report on Monday, December 12th. Oppenheimer reiterated an “outperform” rating and set a $35.00 price target on shares of BOX in a research report on Monday, December 5th. Credit Suisse Group reiterated an “outperform” rating and set a $36.00 price target on shares of BOX in a research report on Thursday, March 2nd. JMP Securities reiterated a “market perform” rating and set a $32.00 price target on shares of BOX in a research report on Thursday, March 2nd. Finally, Royal Bank of Canada lowered shares of BOX from a “sector perform” rating to an “underperform” rating and reduced their price target for the stock from $28.00 to $24.00 in a research report on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.50.

Hedge Funds Weigh In On BOX

Several large investors have recently modified their holdings of the business. James Investment Research Inc. acquired a new stake in BOX in the fourth quarter worth $27,000. Fairfield Bush & CO. acquired a new stake in BOX in the first quarter worth $29,000. Harbor Investment Advisory LLC grew its holdings in BOX by 32.3% in the third quarter. Harbor Investment Advisory LLC now owns 1,687 shares of the software maker’s stock worth $41,000 after purchasing an additional 412 shares during the period. Glass Jacobson Investment Advisors llc acquired a new position in shares of BOX during the fourth quarter valued at about $44,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of BOX during the fourth quarter valued at about $58,000. Institutional investors own 85.67% of the company’s stock.

BOX Company Profile

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Box, Inc engages in the provision of 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, box keysafe and automations.