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
BOX Company Profile
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.
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