Eli Berkovitch Sells 4,791 Shares of Box, Inc. (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 4,791 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $31.06, for a total transaction of $148,808.46. Following the transaction, the vice president now directly owns 132,741 shares of the company’s stock, valued at approximately $4,122,935.46. This trade represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Eli Berkovitch also recently made the following trade(s):

• On Monday, December 16th, Eli Berkovitch sold 4,792 shares of BOX stock. The shares were sold at an average price of $32.46, for a total transaction of $155,548.32.

BOX Stock Performance

Shares of BOX opened at $31.70 on Thursday. The stock has a market cap of $4.56 billion, a PE ratio of 39.63 and a beta of 0.89. Box, Inc. has a fifty-two week low of $24.56 and a fifty-two week high of $35.74. The firm’s 50-day simple moving average is $32.84 and its two-hundred day simple moving average is $31.02.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BOX shares. UBS Group boosted their price target on shares of BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. DA Davidson started coverage on shares of BOX in a research report on Wednesday, December 18th. They set a “buy” rating and a $45.00 price target on the stock. Bank of America started coverage on shares of BOX in a research report on Thursday, December 12th. They set a “buy” rating and a $40.00 price target on the stock. Royal Bank of Canada reiterated an “underperform” rating and set a $21.00 price target on shares of BOX in a research report on Wednesday, December 4th. Finally, William Blair reiterated an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, BOX has an average rating of “Moderate Buy” and a consensus target price of $35.89.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in shares of BOX in the third quarter worth approximately $36,000. GAMMA Investing LLC lifted its stake in shares of BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after buying an additional 787 shares in the last quarter. Quarry LP lifted its stake in shares of BOX by 324.6% in the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after buying an additional 1,084 shares in the last quarter. Toronto Dominion Bank bought a new position in shares of BOX in the second quarter worth approximately $53,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of BOX by 245.4% in the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after buying an additional 1,536 shares in the last quarter. Institutional investors 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.