Insider Selling: BOX (NYSE:BOX) CFO Sells 17,000 Shares of Stock

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the company’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $29.57, for a total value of $502,690.00. Following the completion of the transaction, the chief financial officer directly owned 1,328,195 shares of the company’s stock, valued at approximately $39,274,726.15. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

BOX Stock Down 0.4%

BOX stock traded down $0.13 during midday trading on Monday, hitting $29.59. The company’s stock had a trading volume of 2,446,278 shares, compared to its average volume of 2,323,625. Box, Inc. has a 12 month low of $28.00 and a 12 month high of $38.80. The company has a 50 day moving average of $30.41 and a two-hundred day moving average of $31.78. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.80.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BOX shares. Weiss Ratings reissued a “hold (c+)” rating on shares of BOX in a research note on Monday, December 29th. DA Davidson reiterated a “buy” rating and set a $45.00 target price on shares of BOX in a research report on Wednesday, December 3rd. UBS Group lowered shares of BOX from a “buy” rating to a “neutral” rating and cut their target price for the company from $42.00 to $36.00 in a report on Thursday, September 18th. Finally, Zacks Research cut shares of BOX from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.00.

Institutional Investors Weigh In On BOX

Several hedge funds and other institutional investors have recently made changes to their positions in BOX. Caitong International Asset Management Co. Ltd boosted its stake in shares of BOX by 7,130.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock valued at $25,000 after purchasing an additional 713 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in BOX during the first quarter valued at $31,000. Salomon & Ludwin LLC purchased a new stake in BOX in the third quarter valued at $32,000. Employees Retirement System of Texas acquired a new stake in BOX during the 3rd quarter worth about $35,000. Finally, CIBC Private Wealth Group LLC raised its stake in shares of BOX by 1,778.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock valued at $39,000 after buying an additional 1,138 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Company Profile

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.