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

Box, Inc. (NYSE:BOX - Get Free Report) CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $29.72, for a total transaction of $386,360.00. Following the completion of the sale, the chief financial officer now owns 1,463,951 shares of the company's stock, valued at approximately $43,508,623.72. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

BOX Stock Performance

Shares of BOX stock traded down $0.13 during trading hours on Friday, reaching $29.65. The company had a trading volume of 928,340 shares, compared to its average volume of 1,818,450. Box, Inc. has a one year low of $24.63 and a one year high of $35.74. The business has a fifty day moving average price of $31.64 and a 200-day moving average price of $32.33. The firm has a market cap of $4.26 billion, a PE ratio of 37.06, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96.

BOX declared that its board has initiated a share buyback program on Tuesday, March 4th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the software maker to purchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. DA Davidson lowered their price target on shares of BOX from $45.00 to $40.00 and set a "buy" rating for the company in a report on Monday, April 14th. Morgan Stanley dropped their price target on BOX from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Wednesday. StockNews.com lowered BOX from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price target on shares of BOX from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada reissued an "underperform" rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $36.44.

Institutional Trading of BOX

Several large investors have recently modified their holdings of the company. Exchange Traded Concepts LLC boosted its position in BOX by 2.6% in the first quarter. Exchange Traded Concepts LLC now owns 56,135 shares of the software maker's stock worth $1,732,000 after purchasing an additional 1,441 shares during the last quarter. Krilogy Financial LLC purchased a new stake in BOX during the first quarter valued at approximately $387,000. SG Americas Securities LLC raised its position in BOX by 420.1% in the first quarter. SG Americas Securities LLC now owns 30,067 shares of the software maker's stock worth $928,000 after acquiring an additional 24,286 shares during the period. GAMMA Investing LLC boosted its stake in shares of BOX by 184.4% during the 1st quarter. GAMMA Investing LLC now owns 4,135 shares of the software maker's stock worth $128,000 after acquiring an additional 2,681 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of BOX by 13.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 31,208 shares of the software maker's stock valued at $963,000 after acquiring an additional 3,670 shares during the period. Institutional investors own 86.74% of the company's stock.

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.