Dylan C. Smith Sells 13,000 Shares of Box, Inc. (NYSE:BOX) Stock

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

BOX Stock Performance

BOX stock opened at $35.09 on Thursday. Box, Inc. has a one year low of $24.56 and a one year high of $35.74. The company has a 50-day simple moving average of $32.34 and a 200-day simple moving average of $31.95. The firm has a market capitalization of $5.04 billion, a P/E ratio of 43.86, a P/E/G ratio of 4.40 and a beta of 0.88.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Bank of America initiated coverage on shares of BOX in a research report on Thursday, December 12th. They issued a “buy” rating and a $40.00 target price for the company. Citigroup boosted their price objective on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. StockNews.com lowered BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. UBS Group raised their price objective on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $21.00 target price on shares of BOX 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 and nine have assigned a buy rating to the company. According to MarketBeat, BOX currently has a consensus rating of “Moderate Buy” and an average price target of $35.89.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp raised its holdings in shares of BOX by 1.2% during the third quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock valued at $184,042,000 after buying an additional 69,107 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in BOX by 103.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker’s stock valued at $107,009,000 after acquiring an additional 1,725,197 shares during the period. Sei Investments Co. raised its stake in BOX by 8.4% during the 4th quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker’s stock valued at $103,857,000 after acquiring an additional 255,623 shares in the last quarter. Geode Capital Management LLC boosted its position in BOX by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock worth $106,387,000 after acquiring an additional 13,028 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of BOX by 1.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,425,176 shares of the software maker’s stock worth $79,376,000 after purchasing an additional 44,190 shares in the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

About BOX

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.