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

Box, Inc. (NYSE:BOX) CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $32.33, for a total transaction of $420,290.00. Following the transaction, the chief financial officer now owns 1,448,509 shares in the company, valued at approximately $46,830,295.97. This trade represents a 0.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

BOX Trading Up 2.3 %

Shares of BOX stock opened at $33.02 on Friday. Box, Inc. has a 12 month low of $24.15 and a 12 month high of $35.74. The company has a market capitalization of $4.73 billion, a P/E ratio of 41.28 and a beta of 0.86. The stock has a 50 day moving average of $33.09 and a two-hundred day moving average of $30.09.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BOX. Franklin Resources Inc. raised its position in BOX by 8.2% in the third quarter. Franklin Resources Inc. now owns 21,823 shares of the software maker’s stock worth $712,000 after purchasing an additional 1,646 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of BOX by 24.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 35,352 shares of the software maker’s stock worth $1,212,000 after buying an additional 6,965 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of BOX by 13.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 14,546 shares of the software maker’s stock worth $476,000 after buying an additional 1,690 shares during the period. Geode Capital Management LLC boosted its stake in BOX by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock valued at $106,387,000 after buying an additional 13,028 shares in the last quarter. Finally, MML Investors Services LLC acquired a new stake in BOX in the 3rd quarter valued at $266,000. 86.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Morgan Stanley raised their target price on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. StockNews.com downgraded BOX from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 5th. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, December 4th. Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a report on Friday, August 16th. Finally, Citigroup increased their target price on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.75.

BOX Company Profile

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.