Insider Selling: Box, Inc. (NYSE:BOX) CFO Sells $446,160.00 in Stock

Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $34.32, for a total value of $446,160.00. Following the sale, the chief financial officer now directly owns 1,453,684 shares in the company, valued at $49,890,434.88. This trade represents a 0.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

BOX Trading Up 0.7 %

Shares of NYSE BOX opened at $35.35 on Friday. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 44.18, a P/E/G ratio of 4.40 and a beta of 0.88. Box, Inc. has a 1-year low of $24.56 and a 1-year high of $35.74. The stock’s 50-day moving average is $32.41 and its 200 day moving average is $31.98.

Hedge Funds Weigh In On BOX

Several institutional investors and hedge funds have recently bought and sold shares of BOX. Creative Planning grew its position in BOX by 6.0% during the 2nd quarter. Creative Planning now owns 15,112 shares of the software maker’s stock worth $400,000 after acquiring an additional 860 shares during the last quarter. Sanctuary Advisors LLC bought a new position in BOX during the 2nd quarter worth approximately $762,000. GAMMA Investing LLC grew its position in BOX by 143.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after acquiring an additional 787 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in BOX during the 3rd quarter worth approximately $1,711,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in BOX by 6.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,898 shares of the software maker’s stock worth $553,000 after acquiring an additional 1,067 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on BOX shares. UBS Group raised their price target on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Bank of America started coverage on BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price target on the stock. William Blair reaffirmed an “outperform” rating on shares of BOX in a report on Thursday, November 14th. DA Davidson started coverage on BOX in a report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price target on the stock. Finally, Morgan Stanley raised their price target on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, BOX has a consensus rating of “Moderate Buy” and an average price target of $35.89.

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.