Box, Inc. (NYSE:BOX) VP Eli Berkovitch Sells 5,651 Shares

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 5,651 shares of BOX stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $30.66, for a total transaction of $173,259.66. Following the completion of the sale, the vice president now directly owns 124,672 shares in the company, valued at $3,822,443.52. This trade represents a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Friday, January 10th, Eli Berkovitch sold 4,791 shares of BOX stock. The stock was sold at an average price of $31.06, for a total value of $148,808.46.

BOX Stock Performance

NYSE:BOX opened at $31.61 on Friday. Box, Inc. has a 52-week low of $24.63 and a 52-week high of $35.74. The stock has a fifty day moving average of $32.70 and a 200 day moving average of $32.66. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 39.52, a P/E/G ratio of 4.42 and a beta of 1.00.

BOX declared that its Board of Directors has approved a stock buyback program on Tuesday, March 4th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the software maker to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts have recently weighed in on BOX shares. UBS Group increased their price target on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Morgan Stanley increased their target price on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. DA Davidson reissued a “buy” rating and issued a $45.00 price target on shares of BOX in a research report on Wednesday, March 19th. Bank of America initiated coverage on shares of BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price objective for the company. Finally, StockNews.com lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.11.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. bought a new stake in BOX during the third quarter valued at approximately $36,000. Smartleaf Asset Management LLC raised its position in BOX by 715.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock valued at $69,000 after purchasing an additional 1,897 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in BOX by 42.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker’s stock worth $69,000 after purchasing an additional 653 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of BOX by 19.3% in the 4th quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker’s stock worth $81,000 after purchasing an additional 417 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of BOX during the 4th quarter valued at about $132,000. 86.74% of the stock is currently owned by institutional investors.

About BOX

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.