Box, Inc. (NYSE:BOX) VP Eli Berkovitch Sells 4,791 Shares

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 4,791 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $31.06, for a total value of $148,808.46. Following the completion of the sale, the vice president now owns 132,741 shares in the company, valued at $4,122,935.46. This represents a 3.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

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

BOX Stock Performance

Shares of NYSE:BOX traded up $0.41 on Monday, hitting $31.23. 1,846,807 shares of the company’s stock were exchanged, compared to its average volume of 1,490,111. Box, Inc. has a 1-year low of $24.56 and a 1-year 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. The firm’s 50-day moving average is $32.90 and its 200 day moving average is $30.95.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BOX shares. Citigroup increased their price target on shares of BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. 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. StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley upped their price objective on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Finally, Bank of America started coverage on BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, BOX currently has an average rating of “Moderate Buy” and a consensus target price of $35.89.

Hedge Funds Weigh In On BOX

Hedge funds have recently added to or reduced their stakes in the stock. Congress Asset Management Co. purchased a new stake in shares of BOX during the 3rd quarter worth approximately $46,236,000. Earnest Partners LLC raised its stake in BOX by 8.5% during the 2nd quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock worth $210,487,000 after acquiring an additional 620,450 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in BOX by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock worth $67,809,000 after acquiring an additional 229,314 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in BOX by 10.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker’s stock valued at $44,900,000 after acquiring an additional 134,175 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in BOX in the third quarter valued at $4,314,000. 86.74% of the stock is currently owned by hedge funds and other 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.