Insider Selling: Box, Inc. (NYSE:BOX) CFO Sells 13,000 Shares of Stock

Box, Inc. (NYSE:BOX - Get Free Report) CFO Dylan C. Smith sold 13,000 shares of the company's stock in a transaction 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 Securities & Exchange Commission, which is available at the SEC website.

BOX Trading Down 0.2 %

NYSE BOX traded down $0.05 during trading hours on Friday, reaching $35.34. The company had a trading volume of 1,072,138 shares, compared to its average volume of 1,336,192. The stock has a 50-day moving average of $32.46 and a 200 day moving average of $32.03. Box, Inc. has a 1-year low of $24.56 and a 1-year high of $35.74. The stock has a market capitalization of $5.08 billion, a P/E ratio of 44.17, a price-to-earnings-growth ratio of 4.40 and a beta of 0.88.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BOX. StockNews.com lowered shares of BOX from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. DA Davidson assumed coverage on shares of BOX in a report on Wednesday, December 18th. They set a "buy" rating and a $45.00 target price for the company. William Blair reissued an "outperform" rating on shares of BOX in a research report on Thursday, November 14th. Morgan Stanley boosted their price target on shares of BOX from $33.00 to $36.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada reissued an "underperform" rating and set a $21.00 price target on shares of BOX in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $35.89.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BOX. Earnest Partners LLC increased its stake in BOX by 2.1% during the fourth quarter. Earnest Partners LLC now owns 7,896,931 shares of the software maker's stock worth $249,543,000 after purchasing an additional 162,437 shares during the period. State Street Corp increased its stake in BOX by 1.2% during the third quarter. State Street Corp now owns 5,623,032 shares of the software maker's stock worth $184,042,000 after purchasing an additional 69,107 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in BOX by 103.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker's stock worth $107,009,000 after purchasing an additional 1,725,197 shares during the period. Sei Investments Co. increased its stake in BOX by 8.4% during the fourth quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker's stock worth $103,857,000 after purchasing an additional 255,623 shares during the period. Finally, Geode Capital Management LLC increased its stake in BOX by 0.4% during the third quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker's stock worth $106,387,000 after purchasing an additional 13,028 shares during the period. Institutional investors and hedge funds own 86.74% of the company's stock.

BOX Company Profile

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.