BOX (NYSE:BOX) Sets New 52-Week Low – Time to Sell?

Box, Inc. (NYSE:BOX)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $22.42 and last traded at $22.7010, with a volume of 1055758 shares. The stock had previously closed at $23.19.

Analysts Set New Price Targets

BOX has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of BOX in a report on Monday, December 29th. DA Davidson reaffirmed a “buy” rating and set a $45.00 price objective on shares of BOX in a research report on Wednesday, December 3rd. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, BOX presently has an average rating of “Hold” and a consensus target price of $38.00.

BOX Price Performance

The business’s fifty day moving average price is $27.18 and its two-hundred day moving average price is $30.24. The stock has a market capitalization of $3.25 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.31 and a beta of 0.79.

Insider Transactions at BOX

In related news, CFO Dylan C. Smith sold 17,000 shares of BOX stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $24.75, for a total transaction of $420,750.00. Following the completion of the sale, the chief financial officer owned 1,311,195 shares of the company’s stock, valued at $32,452,076.25. The trade was a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jack R. Lazar sold 2,500 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $31.77, for a total transaction of $79,425.00. Following the completion of the transaction, the director owned 25,355 shares in the company, valued at approximately $805,528.35. This trade represents a 8.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 82,887 shares of company stock valued at $2,399,707. 3.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC boosted its holdings in shares of BOX by 25.6% in the third quarter. CWM LLC now owns 1,503 shares of the software maker’s stock valued at $49,000 after acquiring an additional 306 shares in the last quarter. Portside Wealth Group LLC boosted its holdings in BOX by 3.6% in the 2nd quarter. Portside Wealth Group LLC now owns 10,380 shares of the software maker’s stock valued at $355,000 after purchasing an additional 361 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in BOX by 1.4% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 27,285 shares of the software maker’s stock worth $816,000 after purchasing an additional 387 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in BOX by 8.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,093 shares of the software maker’s stock worth $147,000 after purchasing an additional 405 shares during the period. Finally, Aviva PLC raised its stake in shares of BOX by 3.4% during the 2nd quarter. Aviva PLC now owns 13,488 shares of the software maker’s stock worth $461,000 after buying an additional 442 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Company Profile

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.