Box, Inc. (NYSE:BOX) CEO Aaron Levie Sells 10,000 Shares

Box, Inc. (NYSE:BOX) CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $32.54, for a total value of $325,400.00. Following the sale, the chief executive officer now owns 2,999,155 shares of the company’s stock, valued at approximately $97,592,503.70. The trade was a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BOX Stock Down 1.6 %

Shares of BOX opened at $32.49 on Friday. Box, Inc. has a 52-week low of $24.28 and a 52-week high of $35.74. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 40.61 and a beta of 0.86. The business’s 50 day moving average is $33.10 and its two-hundred day moving average is $30.18.

Analyst Ratings Changes

A number of analysts have recently issued reports on BOX shares. Royal Bank of Canada reiterated an “underperform” rating and set a $21.00 target price on shares of BOX in a report on Wednesday, December 4th. Morgan Stanley raised their price objective on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 4th. UBS Group raised their target price 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 research report on Thursday. They set a “buy” rating and a $40.00 price target on the stock. Finally, Citigroup lifted their price objective on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, BOX presently has an average rating of “Moderate Buy” and an average target price of $34.75.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. acquired a new stake in shares of BOX in the 3rd quarter valued at about $36,000. Quarry LP increased its holdings in BOX by 324.6% in the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after buying an additional 1,084 shares during the last quarter. GAMMA Investing LLC increased its holdings in BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after buying an additional 787 shares during the last quarter. Toronto Dominion Bank acquired a new stake in BOX during the second quarter valued at approximately $53,000. Finally, Nisa Investment Advisors LLC lifted its holdings in BOX by 31.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after buying an additional 632 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.

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.