Box, Inc. (NYSE:BOX) VP Sells $148,808.46 in Stock

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 4,791 shares of BOX stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $31.06, for a total transaction of $148,808.46. Following the completion of the transaction, the vice president now directly owns 132,741 shares in the company, valued at $4,122,935.46. This represents a 3.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Eli Berkovitch also recently made the following trade(s):

• On Monday, December 16th, Eli Berkovitch sold 4,792 shares of BOX stock. The stock was sold at an average price of $32.46, for a total transaction of $155,548.32.

BOX Stock Performance

Shares of BOX opened at $31.23 on Tuesday. The company’s 50 day moving average price is $32.87 and its 200 day moving average price is $30.99. Box, Inc. has a 52 week low of $24.56 and a 52 week high of $35.74. The company has a market capitalization of $4.49 billion, a PE ratio of 39.04 and a beta of 0.89.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. DA Davidson assumed coverage on shares of BOX in a report on Wednesday, December 18th. They set a “buy” rating and a $45.00 price target on the stock. Citigroup boosted their price target on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price target on shares of BOX in a report on Wednesday, December 4th. 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. Finally, William Blair restated an “outperform” rating on shares of BOX in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.89.

Institutional Trading of BOX

Large investors have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. bought a new stake in BOX in the third quarter worth approximately $36,000. Quarry LP grew its position in BOX by 324.6% in the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after acquiring an additional 1,084 shares in the last quarter. GAMMA Investing LLC grew its position in BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after acquiring an additional 787 shares in the last quarter. Toronto Dominion Bank bought a new stake in BOX in the second quarter worth approximately $53,000. Finally, Farther Finance Advisors LLC grew its position in BOX by 245.4% in the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after acquiring an additional 1,536 shares in the last quarter. 86.74% of the stock is owned by institutional investors.

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.