Box, Inc. (NYSE:BOX – Get Free Report) VP Eli Berkovitch sold 1,800 shares of the stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $28.95, for a total value of $52,110.00. Following the sale, the vice president owned 109,254 shares in the company, valued at $3,162,903.30. The trade was a 1.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Eli Berkovitch also recently made the following trade(s):
- On Wednesday, June 17th, Eli Berkovitch sold 2,700 shares of BOX stock. The stock was sold at an average price of $25.32, for a total value of $68,364.00.
- On Thursday, May 28th, Eli Berkovitch sold 6,300 shares of BOX stock. The stock was sold at an average price of $25.36, for a total transaction of $159,768.00.
BOX Stock Performance
NYSE BOX traded down $0.17 on Friday, hitting $28.63. 2,360,710 shares of the stock were exchanged, compared to its average volume of 2,090,421. Box, Inc. has a 52-week low of $21.34 and a 52-week high of $33.88. The firm has a market capitalization of $3.96 billion, a P/E ratio of 44.05, a P/E/G ratio of 1.62 and a beta of 0.74. The stock has a fifty day moving average price of $26.04 and a two-hundred day moving average price of $25.55.
BOX declared that its Board of Directors has approved a stock repurchase plan on Thursday, March 19th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the software maker to purchase up to 14.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
Institutional Investors Weigh In On BOX
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BOX. Assenagon Asset Management S.A. purchased a new stake in BOX in the 2nd quarter valued at about $231,000. GAMMA Investing LLC increased its position in shares of BOX by 37.6% during the second quarter. GAMMA Investing LLC now owns 9,963 shares of the software maker’s stock worth $264,000 after acquiring an additional 2,721 shares during the period. Central Pacific Bank Trust Division increased its position in shares of BOX by 8.6% during the second quarter. Central Pacific Bank Trust Division now owns 7,064 shares of the software maker’s stock worth $187,000 after acquiring an additional 560 shares during the period. Pacer Advisors Inc. raised its stake in shares of BOX by 13,002.6% during the first quarter. Pacer Advisors Inc. now owns 502,355 shares of the software maker’s stock valued at $11,876,000 after acquiring an additional 498,521 shares in the last quarter. Finally, Edgestream Partners L.P. raised its stake in shares of BOX by 7.8% during the first quarter. Edgestream Partners L.P. now owns 161,154 shares of the software maker’s stock valued at $3,810,000 after acquiring an additional 11,685 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Weiss Ratings upgraded BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Citigroup increased their price target on BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Wall Street Zen lowered BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. William Blair restated a “market perform” rating on shares of BOX in a report on Monday, March 23rd. Finally, UBS Group boosted their price objective on BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $35.33.
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.
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