Eli Berkovitch Sells 5,163 Shares of BOX (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 5,163 shares of the company’s 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 directly owned 123,684 shares of the company’s stock, valued at $3,705,572.64. This trade represents a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 stock was sold at an average price of $32.77, for a total transaction of $114,695.00.

BOX Stock Up 0.2%

NYSE BOX opened at $30.24 on Friday. The company has a 50-day simple moving average of $31.35 and a two-hundred day simple moving average of $32.54. Box, Inc. has a 12-month low of $28.00 and a 12-month high of $38.80. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 2.40 and a beta of 0.79.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citigroup raised their price target on BOX from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 27th. Royal Bank Of Canada raised their target price on shares of BOX from $24.00 to $26.00 and gave the stock an “underperform” rating in a report on Wednesday, August 27th. UBS Group downgraded shares of BOX from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $42.00 to $36.00 in a research note on Thursday, September 18th. DA Davidson reissued a “buy” rating and set a $45.00 price target on shares of BOX in a research report on Wednesday, December 3rd. Finally, Raymond James Financial restated an “outperform” rating and issued a $42.00 price objective on shares of BOX in a research report on Wednesday, August 27th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $38.00.

Institutional Trading of BOX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sunriver Management LLC grew its holdings in BOX by 62.9% in the first quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker’s stock worth $47,736,000 after purchasing an additional 597,410 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of BOX in the 2nd quarter worth approximately $256,000. Creative Planning grew its stake in shares of BOX by 84.3% in the 2nd quarter. Creative Planning now owns 39,251 shares of the software maker’s stock worth $1,341,000 after buying an additional 17,950 shares during the last quarter. Mackenzie Financial Corp increased its position in 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 buying an additional 73,896 shares in the last quarter. Finally, 111 Capital bought a new position in BOX during the 2nd quarter valued at approximately $659,000. Hedge funds and other 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.