Dylan Smith Sells 17,000 Shares of BOX (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) CFO Dylan Smith sold 17,000 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $24.75, for a total transaction of $420,750.00. Following the sale, the chief financial officer directly owned 1,311,195 shares of the company’s stock, valued at approximately $32,452,076.25. This trade represents a 1.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

BOX Stock Performance

BOX stock opened at $22.80 on Friday. The company’s fifty day moving average price is $27.99 and its 200-day moving average price is $30.57. Box, Inc. has a one year low of $22.55 and a one year high of $38.80. The company has a market capitalization of $3.26 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 1.34 and a beta of 0.79.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of BOX in a report on Monday, December 29th. DA Davidson reiterated a “buy” rating and set a $45.00 target price on shares of BOX in a research report on Wednesday, December 3rd. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, BOX has a consensus rating of “Hold” and an average target price of $38.00.

Institutional Trading of BOX

Several hedge funds and other institutional investors have recently bought and sold shares of BOX. Caitong International Asset Management Co. Ltd boosted its stake in BOX by 7,130.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock worth $25,000 after buying an additional 713 shares during the period. First Horizon Corp raised its stake in shares of BOX by 148.1% in the fourth quarter. First Horizon Corp now owns 831 shares of the software maker’s stock valued at $25,000 after acquiring an additional 496 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BOX in the 4th quarter worth about $26,000. Geneos Wealth Management Inc. purchased a new position in shares of BOX during the 1st quarter worth about $31,000. Finally, Salomon & Ludwin LLC bought a new position in BOX during the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

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.