BOX (NYSE:BOX) Director Jack Lazar Sells 2,500 Shares

Box, Inc. (NYSE:BOX) Director Jack Lazar sold 2,500 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $31.77, for a total transaction of $79,425.00. Following the completion of the transaction, the director owned 25,355 shares in the company, valued at $805,528.35. This trade represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

BOX Trading Down 0.7%

NYSE BOX traded down $0.22 during trading on Friday, reaching $31.59. The company’s stock had a trading volume of 2,287,605 shares, compared to its average volume of 1,944,143. Box, Inc. has a 12 month low of $28.00 and a 12 month high of $38.80. The firm has a 50 day moving average price of $31.77 and a 200 day moving average price of $32.74. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 25.48 and a beta of 0.79.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BOX. Zacks Research downgraded BOX from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Raymond James Financial reaffirmed an “outperform” rating and issued a $42.00 price target on shares of BOX in a research note on Wednesday, August 27th. DA Davidson reissued a “buy” rating and issued a $45.00 target price on shares of BOX in a report on Wednesday. Royal Bank Of Canada increased their price target 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. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of BOX in a research report on Thursday. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.25.

Hedge Funds Weigh In On BOX

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOX. Caitong International Asset Management Co. Ltd grew its stake in shares of 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 last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of BOX during the 1st quarter valued at $31,000. Salomon & Ludwin LLC acquired a new stake in shares of BOX during the 3rd quarter valued at $32,000. Employees Retirement System of Texas bought a new stake in BOX during the 3rd quarter worth $35,000. Finally, CIBC Private Wealth Group LLC increased its holdings in 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 worth $39,000 after purchasing an additional 1,138 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

BOX Company Profile

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.