Box, Inc. (NYSE:BOX) CFO Sells $415,350.00 in Stock

Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $31.95, for a total transaction of $415,350.00. Following the completion of the transaction, the chief financial officer now directly owns 1,440,684 shares of the company’s stock, valued at $46,029,853.80. This trade represents a 0.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

BOX Stock Performance

NYSE:BOX opened at $30.36 on Friday. The company has a market capitalization of $4.36 billion, a PE ratio of 37.95, a P/E/G ratio of 4.42 and a beta of 1.00. The company has a 50 day simple moving average of $32.81 and a two-hundred day simple moving average of $32.74. Box, Inc. has a fifty-two week low of $24.63 and a fifty-two week high of $35.74.

BOX announced that its board has authorized a share repurchase plan on Tuesday, March 4th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the software maker to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have recently commented on BOX. UBS Group increased their target price on shares of BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, December 4th. DA Davidson began coverage on BOX in a research note on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price objective for the company. StockNews.com downgraded BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley upped their price objective on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, BOX currently has an average rating of “Moderate Buy” and a consensus price target of $36.60.

Institutional Trading of BOX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BOX. Itau Unibanco Holding S.A. acquired a new stake in shares of BOX during the 3rd quarter worth approximately $36,000. Smartleaf Asset Management LLC grew its position in shares of BOX by 715.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock worth $69,000 after buying an additional 1,897 shares during the period. TD Waterhouse Canada Inc. grew its position in shares of BOX by 42.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker’s stock worth $69,000 after buying an additional 653 shares during the period. Farther Finance Advisors LLC grew its position in shares of BOX by 245.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after buying an additional 1,536 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of BOX during the 4th quarter worth approximately $132,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

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.