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

Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $34.32, for a total transaction of $446,160.00. Following the transaction, the chief financial officer now owns 1,453,684 shares of the company’s stock, valued at approximately $49,890,434.88. The trade was a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

BOX Stock Performance

BOX opened at $34.65 on Wednesday. The firm’s 50-day simple moving average is $32.27 and its 200-day simple moving average is $31.93. Box, Inc. has a twelve month low of $24.56 and a twelve month high of $35.74. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 43.32, a PEG ratio of 4.40 and a beta of 0.88.

Institutional Investors Weigh In On BOX

Several large investors have recently made changes to their positions in BOX. Charles Schwab Investment Management Inc. grew its holdings in BOX by 10.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker’s stock worth $44,900,000 after acquiring an additional 134,175 shares during the last quarter. Versor Investments LP bought a new stake in BOX during the 3rd quarter worth about $1,221,000. Townsquare Capital LLC bought a new stake in BOX during the 3rd quarter worth about $2,021,000. Petrus Trust Company LTA bought a new stake in BOX during the 3rd quarter worth about $615,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in BOX during the 4th quarter worth about $981,000. Institutional investors own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BOX shares. Bank of America started coverage on shares of BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price target on the stock. StockNews.com lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. UBS Group boosted their price target on shares of BOX from $34.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price target on shares of BOX in a report on Wednesday, December 4th. Finally, Morgan Stanley boosted their price target on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.89.

BOX Company Profile

Box, Inc engages in the provision of an 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, and Box KeySafe.