Box, Inc. (NYSE:BOX) CEO Aaron Levie Sells 10,000 Shares of Stock

Box, Inc. (NYSE:BOX) CEO Aaron Levie sold 10,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $32.54, for a total transaction of $325,400.00. Following the transaction, the chief executive officer now owns 2,999,155 shares of the company’s stock, valued at $97,592,503.70. This represents a 0.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

BOX Stock Up 2.3 %

NYSE BOX opened at $33.02 on Friday. The stock’s 50-day simple moving average is $33.09 and its two-hundred day simple moving average is $30.09. Box, Inc. has a twelve month low of $24.15 and a twelve month high of $35.74. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 41.28 and a beta of 0.86.

Institutional Trading of BOX

Several hedge funds and other institutional investors have recently bought and sold shares of BOX. Earnest Partners LLC boosted its position in BOX by 8.5% during the second quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock valued at $210,487,000 after buying an additional 620,450 shares during the period. State Street Corp increased its stake in BOX by 1.2% in the 3rd quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock worth $184,042,000 after purchasing an additional 69,107 shares during the period. Geode Capital Management LLC boosted its stake in shares of BOX by 0.4% during the third quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock valued at $106,387,000 after purchasing an additional 13,028 shares during the period. Sei Investments Co. grew its holdings in shares of BOX by 4.2% in the second quarter. Sei Investments Co. now owns 3,078,857 shares of the software maker’s stock worth $81,405,000 after purchasing an additional 125,435 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of BOX by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock worth $67,809,000 after buying an additional 229,314 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BOX shares. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research note on Wednesday, December 4th. Citigroup lifted their price target on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Bank of America began coverage on BOX in a report on Thursday. They set a “buy” rating and a $40.00 price objective on the stock. Morgan Stanley lifted their target price on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. Finally, William Blair reissued an “outperform” rating on shares of BOX in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.75.

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.