BOX (NYSE:BOX) Hits New 12-Month Low – Time to Sell?

Box, Inc. (NYSE:BOX) reached a new 52-week low on Tuesday . The company traded as low as $25.75 and last traded at $26.0240, with a volume of 219204 shares. The stock had previously closed at $25.85.

Analysts Set New Price Targets

Several brokerages recently issued reports on BOX. Weiss Ratings restated a “hold (c+)” rating on shares of BOX in a report on Monday, December 29th. Zacks Research cut shares of BOX from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, DA Davidson restated a “buy” rating and issued a $45.00 price objective on shares of BOX in a report on Wednesday, December 3rd. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, BOX currently has a consensus rating of “Hold” and an average price target of $38.00.

BOX Trading Up 2.3%

The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 2.07 and a beta of 0.80. The stock’s fifty day simple moving average is $29.53 and its 200-day simple moving average is $31.38.

Insider Activity

In related news, Director Jack R. Lazar sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $31.77, for a total transaction of $79,425.00. Following the sale, the director directly owned 25,355 shares in the company, valued at approximately $805,528.35. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dylan C. Smith sold 17,000 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $29.57, for a total transaction of $502,690.00. Following the completion of the sale, the chief financial officer directly owned 1,328,195 shares in the company, valued at approximately $39,274,726.15. This represents a 1.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 82,887 shares of company stock worth $2,536,567 over the last three months. Company insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On BOX

Large investors have recently bought and sold shares of the stock. Woodline Partners LP increased its position in shares of BOX by 16.4% during the first quarter. Woodline Partners LP now owns 17,800 shares of the software maker’s stock worth $549,000 after purchasing an additional 2,506 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in BOX by 7.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 477,822 shares of the software maker’s stock worth $14,746,000 after buying an additional 32,726 shares during the period. Geneos Wealth Management Inc. acquired a new position in BOX during the first quarter worth approximately $31,000. Strs Ohio purchased a new stake in BOX in the first quarter valued at approximately $349,000. Finally, Sivia Capital Partners LLC acquired a new stake in shares of BOX in the second quarter valued at approximately $484,000. Institutional investors and hedge funds 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.