BOX (NYSE:BOX) Sets New 12-Month Low – Should You Sell?

Box, Inc. (NYSE:BOX) hit a new 52-week low during trading on Monday . The stock traded as low as $21.89 and last traded at $22.0080, with a volume of 97907 shares traded. The stock had previously closed at $22.87.

Wall Street Analyst Weigh In

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

BOX Price Performance

The firm has a market cap of $3.12 billion, a PE ratio of 17.56, a P/E/G ratio of 1.31 and a beta of 0.79. The stock has a 50-day moving average price of $27.04 and a 200 day moving average price of $30.16.

Insider Buying and Selling at BOX

In related news, CFO Dylan C. Smith sold 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $24.75, for a total value of $420,750.00. Following the sale, the chief financial officer directly owned 1,311,195 shares of the company’s stock, valued at approximately $32,452,076.25. This trade represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aaron Levie sold 15,000 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $30.53, for a total transaction of $457,950.00. Following the sale, the chief executive officer directly owned 2,922,030 shares of the company’s stock, valued at $89,209,575.90. This represents a 0.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 82,887 shares of company stock worth $2,399,707. 3.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BOX

Institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its holdings in BOX by 7,130.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock worth $25,000 after purchasing an additional 713 shares during the last quarter. First Horizon Corp grew its holdings in BOX by 148.1% during the 4th quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after acquiring an additional 496 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BOX in the 4th quarter worth about $26,000. Salomon & Ludwin LLC bought a new stake in shares of BOX in the 3rd quarter worth about $32,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of BOX in the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

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.