BOX (NYSE:BOX) VP Sells $154,683.48 in Stock

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 5,163 shares of BOX stock in a transaction on Monday, December 15th. The shares were sold at an average price of $29.96, for a total transaction of $154,683.48. Following the completion of the sale, the vice president owned 123,684 shares in the company, valued at $3,705,572.64. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $32.77, for a total value of $114,695.00.

BOX Stock Performance

NYSE:BOX opened at $30.42 on Friday. Box, Inc. has a 52-week low of $28.00 and a 52-week high of $38.80. The company has a market cap of $4.36 billion, a P/E ratio of 24.53, a P/E/G ratio of 2.40 and a beta of 0.79. The stock’s 50-day simple moving average is $31.30 and its 200 day simple moving average is $32.49.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BOX. DA Davidson reissued a “buy” rating and issued a $45.00 price objective on shares of BOX in a report on Wednesday, December 3rd. Royal Bank Of Canada increased their price target on shares of BOX from $24.00 to $26.00 and gave the company an “underperform” rating in a research note on Wednesday, August 27th. Citigroup lifted their price objective on shares of BOX from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BOX in a report on Tuesday. Finally, Zacks Research downgraded shares of BOX from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.00.

Hedge Funds Weigh In On BOX

Several large investors have recently modified their holdings of the stock. Sunriver Management LLC raised its position in shares of BOX by 62.9% in the first quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker’s stock valued at $47,736,000 after buying an additional 597,410 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in BOX during the 2nd quarter worth $256,000. Creative Planning raised its holdings in BOX by 84.3% in the 2nd quarter. Creative Planning now owns 39,251 shares of the software maker’s stock valued at $1,341,000 after acquiring an additional 17,950 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of BOX by 15.2% during the 2nd quarter. Mackenzie Financial Corp now owns 560,329 shares of the software maker’s stock valued at $19,146,000 after acquiring an additional 73,896 shares during the period. Finally, 111 Capital acquired a new stake in shares of BOX during the 2nd quarter worth $659,000. 86.74% of the stock is owned by institutional investors.

BOX Company Profile

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.