Key Points
- Box VP Eli Berkovitch sold 5,163 shares on December 15 at an average price of $29.96 for a total of $154,683.48, reducing his ownership by 4.01% to 123,684 shares; the transaction was disclosed in an SEC filing.
- BOX traded up to $30.33 on Thursday with light volume (173,308 vs. a ~1.94M average), a market cap of about $4.34B, a 52-week range of $28.00–$38.80, and 50-/200-day moving averages of $31.40 and $32.56 respectively.
- Analysts' consensus is a "Hold" with an average target of $38.00; ratings are mixed (five Buys, three Holds, one Sell) and recent notes include DA Davidson's $45 buy target and UBS cutting to neutral with a $36 target.
Box, Inc. (NYSE:BOX - Get Free Report) VP Eli Berkovitch sold 5,163 shares of the firm's stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $29.96, for a total transaction of $154,683.48. Following the sale, the vice president owned 123,684 shares of the company's stock, valued at approximately $3,705,572.64. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Eli Berkovitch also recently made the following trade(s):
- On Tuesday, October 7th, Eli Berkovitch sold 3,500 shares of BOX stock. The stock was sold at an average price of $32.77, for a total value of $114,695.00.
BOX Trading Up 0.5%
BOX traded up $0.15 on Thursday, hitting $30.33. The company had a trading volume of 173,308 shares, compared to its average volume of 1,941,384. The firm has a market cap of $4.34 billion, a P/E ratio of 24.37, a PEG ratio of 2.38 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's fifty day moving average price is $31.40 and its 200 day moving average price is $32.56.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of BOX from $24.00 to $26.00 and gave the stock an "underperform" rating in a research report on Wednesday, August 27th. UBS Group cut BOX from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $42.00 to $36.00 in a research note on Thursday, September 18th. Citigroup lifted their price objective on BOX from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, August 27th. Zacks Research downgraded BOX from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. Finally, DA Davidson reissued a "buy" rating and set a $45.00 target price on shares of BOX in a research note on Wednesday, December 3rd. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, BOX has an average rating of "Hold" and an average target price of $38.00.
Check Out Our Latest Stock Report on BOX
Institutional Trading of BOX
Several hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in BOX by 7,130.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker's stock valued at $25,000 after purchasing an additional 713 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of BOX during the 1st quarter worth about $31,000. Salomon & Ludwin LLC purchased a new stake in shares of BOX during the 3rd quarter worth approximately $32,000. Employees Retirement System of Texas acquired a new position in BOX in the third quarter valued at $35,000. Finally, CIBC Private Wealth Group LLC boosted its position in shares of BOX by 1,778.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker's stock valued at $39,000 after purchasing an additional 1,138 shares during the period. 86.74% of the stock is currently owned by institutional investors and hedge funds.
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.
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