Eli Berkovitch Sells 4,792 Shares of Box, Inc. (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 4,792 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $32.46, for a total value of $155,548.32. Following the sale, the vice president now directly owns 140,172 shares in the company, valued at $4,549,983.12. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

BOX Stock Performance

Shares of NYSE BOX opened at $32.06 on Friday. The firm’s 50 day moving average price is $33.09 and its 200 day moving average price is $30.29. The firm has a market cap of $4.61 billion, a P/E ratio of 40.08 and a beta of 0.86. Box, Inc. has a 1 year low of $24.28 and a 1 year high of $35.74.

Institutional Investors Weigh In On BOX

Several hedge funds have recently made changes to their positions in the business. Itau Unibanco Holding S.A. acquired a new position in BOX in the third quarter valued at $36,000. Quarry LP grew its holdings in BOX by 324.6% in the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after buying an additional 1,084 shares during the period. GAMMA Investing LLC increased its stake in shares of BOX by 143.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after acquiring an additional 787 shares during the last quarter. Toronto Dominion Bank purchased a new position in shares of BOX during the 2nd quarter worth about $53,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after acquiring an additional 632 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Royal Bank of Canada reaffirmed an “underperform” rating and set a $21.00 price objective on shares of BOX in a report on Wednesday, December 4th. Bank of America started coverage on shares of BOX in a research report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price objective on the stock. UBS Group raised their target price on shares of BOX from $34.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Friday, December 13th. Finally, William Blair reissued an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.89.

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.