Key Points
- Director Jack Lazar sold 2,500 shares on Dec. 4 at an average price of $31.77 for $79,425, reducing his stake by 8.98 to 25,355 shares (SEC filing disclosed).
- BOX shares opened at $31.59 with a market cap of $4.58 billion, a P/E of 25.48, and a 52-week range of $28.00–$38.80 (50‑day SMA $31.75, 200‑day SMA $32.74).
- Institutions hold 86.74% of the stock and analysts give BOX a consensus rating of Moderate Buy with an average price target of $38.25 (6 Buys, 3 Holds, 1 Sell).
Box, Inc. (NYSE:BOX - Get Free Report) Director Jack Lazar sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $31.77, for a total value of $79,425.00. Following the completion of the transaction, the director directly owned 25,355 shares in the company, valued at approximately $805,528.35. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
BOX Price Performance
Shares of BOX opened at $31.59 on Friday. The firm has a market cap of $4.58 billion, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 3.42 and a beta of 0.79. Box, Inc. has a 1 year low of $28.00 and a 1 year high of $38.80. The company has a 50 day simple moving average of $31.75 and a two-hundred day simple moving average of $32.74.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in BOX. Caitong International Asset Management Co. Ltd boosted its holdings in shares of BOX by 7,130.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker's stock worth $25,000 after purchasing an additional 713 shares during the period. Salomon & Ludwin LLC bought a new stake in BOX in the third quarter worth $32,000. Geneos Wealth Management Inc. bought a new stake in BOX in the first quarter worth $31,000. Employees Retirement System of Texas purchased a new position in BOX during the third quarter worth $35,000. Finally, Ameritas Advisory Services LLC bought a new position in BOX during the second quarter valued at $41,000. Hedge funds and other institutional investors own 86.74% of the company's stock.
Wall Street Analysts Forecast Growth
BOX has been the subject of several research analyst reports. Raymond James Financial reaffirmed an "outperform" rating and set a $42.00 target price on shares of BOX in a research note on Wednesday, August 27th. Royal Bank Of Canada increased their price objective on shares of BOX from $24.00 to $26.00 and gave the company an "underperform" rating in a report on Wednesday, August 27th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of BOX in a report on Thursday. Citigroup boosted their target price on BOX from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, August 27th. Finally, DA Davidson reissued a "buy" rating and set a $45.00 price target on shares of BOX in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, BOX currently has an average rating of "Moderate Buy" and an average price target of $38.25.
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About BOX
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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.
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