Box, Inc. (NYSE:BOX – Get Free Report) CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $31.95, for a total transaction of $415,350.00. Following the completion of the sale, the chief financial officer now directly owns 1,440,684 shares in the company, valued at $46,029,853.80. This represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
BOX Trading Up 3.0 %
Shares of NYSE BOX opened at $31.23 on Friday. The firm’s 50-day moving average is $32.79 and its 200-day moving average is $32.74. Box, Inc. has a 1 year low of $24.63 and a 1 year high of $35.74. The firm has a market capitalization of $4.49 billion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 4.42 and a beta of 1.00.
BOX declared that its board has authorized a stock buyback plan on Tuesday, March 4th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the software maker to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on BOX
Institutional Investors Weigh In On BOX
Several large investors have recently made changes to their positions in BOX. Itau Unibanco Holding S.A. acquired a new stake in shares of BOX in the third quarter valued at approximately $36,000. Smartleaf Asset Management LLC increased its stake in shares of BOX by 715.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock worth $69,000 after purchasing an additional 1,897 shares during the period. TD Waterhouse Canada Inc. increased its position in 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 raised its stake in BOX by 245.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after purchasing an additional 1,536 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of BOX in the fourth quarter valued at approximately $132,000. Institutional investors 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.
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