Key Points
- Aaron Levie sold 15,000 BOX shares on December 10 at an average price of $30.53 for about $457,950, leaving him with 2,922,030 shares (a 0.51% reduction), per an SEC filing.
- BOX trades near $30.12 with a $4.31B market cap, P/E of 24.29 and a 12‑month range of $28.00–$38.80; analysts' consensus is a Hold with a $38.00 target and institutional investors own 86.74% of the stock.
Box, Inc. (NYSE:BOX - Get Free Report) CEO Aaron Levie sold 15,000 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $30.53, for a total value of $457,950.00. Following the completion of the sale, the chief executive officer owned 2,922,030 shares of the company's stock, valued at approximately $89,209,575.90. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
BOX Price Performance
BOX stock opened at $30.12 on Friday. The firm's fifty day moving average price is $31.58 and its 200 day moving average price is $32.71. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 2.40 and a beta of 0.79. Box, Inc. has a 12-month low of $28.00 and a 12-month high of $38.80.
Hedge Funds Weigh In On BOX
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in BOX by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 18,487,018 shares of the software maker's stock worth $596,576,000 after purchasing an additional 497,658 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in BOX by 10.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,247,092 shares of the software maker's stock worth $145,123,000 after buying an additional 410,191 shares in the last quarter. Acadian Asset Management LLC increased its position in BOX by 36.4% in the 2nd quarter. Acadian Asset Management LLC now owns 4,137,447 shares of the software maker's stock valued at $141,345,000 after acquiring an additional 1,104,314 shares during the period. RGM Capital LLC raised its stake in BOX by 9.3% during the 1st quarter. RGM Capital LLC now owns 3,749,773 shares of the software maker's stock valued at $115,718,000 after acquiring an additional 318,459 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in BOX by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 3,346,923 shares of the software maker's stock worth $114,379,000 after acquiring an additional 32,884 shares during the period. Institutional investors and hedge funds own 86.74% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on BOX. UBS Group downgraded BOX from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $42.00 to $36.00 in a report on Thursday, September 18th. Citigroup boosted their target price on shares of BOX from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, August 27th. Raymond James Financial reissued an "outperform" rating and set a $42.00 target price on shares of BOX in a report on Wednesday, August 27th. Royal Bank Of Canada lifted their price target on shares of BOX from $24.00 to $26.00 and gave the company an "underperform" rating in a report on Wednesday, August 27th. Finally, DA Davidson reaffirmed a "buy" rating and set a $45.00 price objective on shares of BOX in a research report on Wednesday, December 3rd. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, BOX presently has a consensus rating of "Hold" and a consensus price target of $38.00.
Check Out Our Latest Research Report on BOX
About BOX
(
Get Free Report)
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.
Further Reading
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