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, June 10th. The shares were sold at an average price of $26.38, for a total transaction of $342,940.00. Following the completion of the transaction, the chief financial officer now owns 1,552,912 shares of the company's stock, valued at $40,965,818.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
BOX Stock Performance
Shares of NYSE:BOX opened at $26.86 on Thursday. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 7.60 and a beta of 0.83. Box, Inc. has a 1-year low of $23.29 and a 1-year high of $31.94. The company's fifty day moving average is $26.74 and its two-hundred day moving average is $26.59.
Institutional Trading of BOX
A number of institutional investors and hedge funds have recently modified their holdings of BOX. Jump Financial LLC acquired a new stake in shares of BOX during the third quarter worth $210,000. New York State Common Retirement Fund raised its holdings in shares of BOX by 5.0% during the third quarter. New York State Common Retirement Fund now owns 87,729 shares of the software maker's stock worth $2,124,000 after purchasing an additional 4,176 shares during the period. Swiss National Bank raised its holdings in shares of BOX by 1.4% during the third quarter. Swiss National Bank now owns 318,400 shares of the software maker's stock worth $7,708,000 after purchasing an additional 4,300 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of BOX by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,274,964 shares of the software maker's stock worth $30,867,000 after purchasing an additional 37,383 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of BOX by 8.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 92,499 shares of the software maker's stock worth $2,239,000 after purchasing an additional 7,450 shares during the period. 86.74% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
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Several brokerages have recently weighed in on BOX. JMP Securities restated a "market outperform" rating and issued a $32.00 target price on shares of BOX in a research note on Wednesday, March 20th. Citigroup upped their target price on shares of BOX from $29.00 to $32.00 and gave the company a "buy" rating in a research note on Wednesday, March 6th. Morgan Stanley reduced their price objective on shares of BOX from $32.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 29th. UBS Group reduced their price objective on shares of BOX from $34.00 to $31.00 and set a "buy" rating on the stock in a research note on Wednesday, May 29th. Finally, Royal Bank of Canada reiterated an "underperform" rating and set a $21.00 price objective on shares of BOX in a research note on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $30.33.
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.
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