Daniel J. Levin Sells 5,886 Shares of Box, Inc. (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) Director Daniel J. Levin sold 5,886 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $32.50, for a total value of $191,295.00. Following the completion of the transaction, the director now directly owns 51,530 shares of the company’s stock, valued at $1,674,725. The trade was a 10.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

BOX Stock Down 1.6 %

BOX stock opened at $32.49 on Friday. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 40.61 and a beta of 0.86. Box, Inc. has a 52-week low of $24.28 and a 52-week high of $35.74. The stock’s fifty day simple moving average is $33.10 and its 200-day simple moving average is $30.18.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Bank of America assumed coverage on BOX in a research note on Thursday. They set a “buy” rating and a $40.00 price target for the company. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Friday. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price target on shares of BOX in a research report on Wednesday, December 4th. Morgan Stanley lifted their price objective on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Finally, Citigroup increased their target price on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.75.

Hedge Funds Weigh In On BOX

Several large investors have recently added to or reduced their stakes in BOX. Itau Unibanco Holding S.A. purchased a new stake in BOX in the 3rd quarter valued at about $36,000. Quarry LP boosted its position 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 acquiring an additional 1,084 shares during the last quarter. GAMMA Investing LLC grew its holdings in BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after purchasing an additional 787 shares during the period. Toronto Dominion Bank acquired a new position in BOX during the second quarter worth approximately $53,000. Finally, Nisa Investment Advisors LLC raised its stake in BOX by 31.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after purchasing an additional 632 shares during the period. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

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.