Box, Inc. (NYSE:BOX) VP Eli Berkovitch Sells 4,791 Shares

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 4,791 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $31.06, for a total transaction of $148,808.46. Following the completion of the transaction, the vice president now owns 132,741 shares in the company, valued at approximately $4,122,935.46. The trade was a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Eli Berkovitch also recently made the following trade(s):

• On Monday, December 16th, Eli Berkovitch sold 4,792 shares of BOX stock. The stock was sold at an average price of $32.46, for a total transaction of $155,548.32.

BOX Trading Up 1.3 %

BOX stock opened at $31.23 on Tuesday. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 39.04 and a beta of 0.89. The company’s 50-day moving average price is $32.87 and its two-hundred day moving average price is $30.99. Box, Inc. has a 52 week low of $24.56 and a 52 week high of $35.74.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BOX shares. UBS Group raised their price target on shares of BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. William Blair restated an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. DA Davidson started coverage on shares of BOX in a research report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price target on the stock. Citigroup lifted their price objective on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.89.

Hedge Funds Weigh In On BOX

Several large investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. increased its stake in BOX by 8.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 27,538 shares of the software maker’s stock valued at $870,000 after buying an additional 2,205 shares during the period. CWA Asset Management Group LLC increased its stake in BOX by 60.7% during the 4th quarter. CWA Asset Management Group LLC now owns 23,875 shares of the software maker’s stock valued at $754,000 after buying an additional 9,016 shares during the period. Nordea Investment Management AB increased its stake in BOX by 4.2% during the 4th quarter. Nordea Investment Management AB now owns 356,309 shares of the software maker’s stock valued at $11,295,000 after buying an additional 14,208 shares during the period. Central Pacific Bank Trust Division grew its stake in shares of BOX by 9.6% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,070 shares of the software maker’s stock worth $192,000 after purchasing an additional 530 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of BOX by 8.2% in the 3rd quarter. Franklin Resources Inc. now owns 21,823 shares of the software maker’s stock worth $712,000 after purchasing an additional 1,646 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.