Box, Inc. (NYSE:BOX) Director Daniel J. Levin Sells 5,886 Shares of Stock

Box, Inc. (NYSE:BOX) Director Daniel J. Levin sold 5,886 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $32.50, for a total value of $191,295.00. Following the completion of the sale, the director now directly owns 51,530 shares of the company’s stock, valued at $1,674,725. The trade was a 10.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BOX Trading Up 2.3 %

Shares of NYSE:BOX opened at $33.02 on Friday. The stock has a 50 day moving average of $33.09 and a 200 day moving average of $30.09. The company has a market cap of $4.73 billion, a PE ratio of 41.28 and a beta of 0.86. Box, Inc. has a 12-month low of $24.15 and a 12-month high of $35.74.

Hedge Funds Weigh In On BOX

A number of hedge funds have recently modified their holdings of BOX. Glenmede Trust Co. NA raised its position in shares of BOX by 1.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 34,107 shares of the software maker’s stock valued at $1,116,000 after purchasing an additional 535 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in BOX by 3.7% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,831 shares of the software maker’s stock valued at $419,000 after acquiring an additional 560 shares during the period. Connable Office Inc. raised its holdings in BOX by 3.8% during the second quarter. Connable Office Inc. now owns 15,707 shares of the software maker’s stock valued at $415,000 after acquiring an additional 573 shares during the period. Creative Planning boosted its stake in shares of BOX by 4.2% in the third quarter. Creative Planning now owns 15,743 shares of the software maker’s stock worth $515,000 after acquiring an additional 631 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in BOX by 31.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after purchasing an additional 632 shares during the period. 86.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a report on Friday, August 16th. Bank of America began coverage on BOX in a research note on Thursday. They set a “buy” rating and a $40.00 target price on the stock. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 price target on shares of BOX in a research note on Wednesday, December 4th. StockNews.com cut BOX from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, William Blair reissued an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, BOX has a consensus rating of “Moderate Buy” and an average price target of $34.75.

About BOX

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.