Insider Selling: Box, Inc. (NYSE:BOX) VP Sells 4,792 Shares of Stock

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 4,792 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $32.46, for a total value of $155,548.32. Following the completion of the sale, the vice president now owns 140,172 shares in the company, valued at approximately $4,549,983.12. This trade represents a 3.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

BOX Stock Down 0.2 %

Shares of BOX traded down $0.08 during trading hours on Wednesday, hitting $31.99. 2,281,792 shares of the company were exchanged, compared to its average volume of 2,006,057. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 39.99 and a beta of 0.86. The firm’s fifty day moving average is $33.10 and its 200 day moving average is $30.28. Box, Inc. has a fifty-two week low of $24.28 and a fifty-two week high of $35.74.

Hedge Funds Weigh In On BOX

Several hedge funds have recently bought and sold shares of BOX. Itau Unibanco Holding S.A. acquired a new stake in shares of BOX during the 3rd quarter worth approximately $36,000. Quarry LP boosted its holdings in shares of BOX by 324.6% in the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after purchasing an additional 1,084 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of BOX by 143.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after purchasing an additional 787 shares during the last quarter. Toronto Dominion Bank bought a new position in shares of BOX in the 2nd quarter valued at $53,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of BOX by 31.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after buying an additional 632 shares in the last quarter. 86.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BOX shares. Bank of America began coverage on shares of BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price objective on the stock. 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. UBS Group boosted their price objective on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. William Blair reiterated an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Finally, Citigroup lifted their price target on BOX from $34.00 to $40.00 and gave the stock a “buy” 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, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, BOX currently has an average rating of “Moderate Buy” and an average price target of $35.89.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.