Eli Berkovitch Sells 2,500 Shares of Box, Inc. (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 2,500 shares of the business’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $25.25, for a total transaction of $63,125.00. Following the sale, the vice president now directly owns 147,232 shares of the company’s stock, valued at $3,717,608. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, June 14th, Eli Berkovitch sold 3,300 shares of BOX stock. The shares were sold at an average price of $25.90, for a total transaction of $85,470.00.

BOX Price Performance

BOX stock traded up $0.52 during trading hours on Thursday, reaching $25.45. The stock had a trading volume of 1,153,625 shares, compared to its average volume of 2,008,371. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 34.25, a PEG ratio of 7.35 and a beta of 0.86. The business’s 50 day moving average price is $26.26 and its 200-day moving average price is $26.63. Box, Inc. has a 52 week low of $23.29 and a 52 week high of $31.94.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, May 28th. The software maker reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $264.66 million during the quarter, compared to the consensus estimate of $261.65 million. BOX had a net margin of 13.13% and a negative return on equity of 11.71%. On average, sell-side analysts forecast that Box, Inc. will post 0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On BOX

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of BOX by 14.9% during the first quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock worth $490,329,000 after acquiring an additional 2,249,082 shares during the last quarter. Earnest Partners LLC grew its stake in shares of BOX by 10.5% during the first quarter. Earnest Partners LLC now owns 7,340,474 shares of the software maker’s stock worth $207,882,000 after acquiring an additional 699,882 shares during the last quarter. Sei Investments Co. grew its stake in shares of BOX by 16.6% during the first quarter. Sei Investments Co. now owns 2,953,422 shares of the software maker’s stock worth $83,641,000 after acquiring an additional 421,289 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of BOX by 19.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 2,374,580 shares of the software maker’s stock worth $67,248,000 after acquiring an additional 386,149 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of BOX by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,207,010 shares of the software maker’s stock worth $56,523,000 after acquiring an additional 47,220 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BOX shares. JMP Securities reissued a “market outperform” rating and set a $32.00 target price on shares of BOX in a research note on Wednesday, March 20th. Morgan Stanley decreased their price objective on BOX from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, May 29th. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, May 29th. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. Finally, UBS Group decreased their price objective on BOX from $34.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.33.

About BOX

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.