BOX (NYSE:BOX) CFO Dylan Smith Sells 17,000 Shares

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $24.75, for a total transaction of $420,750.00. Following the completion of the transaction, the chief financial officer directly owned 1,311,195 shares in the company, valued at $32,452,076.25. This represents a 1.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

BOX Stock Down 4.9%

Shares of NYSE:BOX traded down $1.21 during trading on Wednesday, hitting $23.29. 4,240,159 shares of the company traded hands, compared to its average volume of 2,836,516. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 1.41 and a beta of 0.79. The business’s fifty day moving average is $28.34 and its 200-day moving average is $30.68. Box, Inc. has a one year low of $22.98 and a one year high of $38.80.

Analyst Upgrades and Downgrades

BOX has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of BOX in a research note on Monday, December 29th. DA Davidson restated a “buy” rating and set a $45.00 price target on shares of BOX in a research report on Wednesday, December 3rd. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $38.00.

Institutional Trading of BOX

A number of institutional investors have recently made changes to their positions in the stock. Illinois Municipal Retirement Fund increased its stake in shares of BOX by 0.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 75,955 shares of the software maker’s stock valued at $2,272,000 after acquiring an additional 552 shares during the period. CenterBook Partners LP lifted its holdings in shares of BOX by 36.0% in the fourth quarter. CenterBook Partners LP now owns 137,286 shares of the software maker’s stock valued at $4,106,000 after buying an additional 36,332 shares during the period. Total Wealth Planning & Management Inc. bought a new position in BOX during the fourth quarter valued at about $202,000. Vise Technologies Inc. grew its stake in shares of BOX by 7.6% in the 4th quarter. Vise Technologies Inc. now owns 13,163 shares of the software maker’s stock worth $394,000 after purchasing an additional 934 shares during the last quarter. Finally, State of Wyoming grew its position in BOX by 160.7% in the fourth quarter. State of Wyoming now owns 4,091 shares of the software maker’s stock worth $122,000 after buying an additional 2,522 shares during the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

BOX Company Profile

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.