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

Box, Inc. (NYSE:BOX) VP Eli Berkovitch sold 4,791 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $31.06, for a total value of $148,808.46. Following the completion of the sale, the vice president now owns 132,741 shares of the company’s stock, valued at approximately $4,122,935.46. This represents a 3.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 Stock Performance

BOX stock traded up $0.41 during midday trading on Monday, reaching $31.23. The company’s stock had a trading volume of 1,846,807 shares, compared to its average volume of 1,490,111. The firm has a market capitalization of $4.49 billion, a PE ratio of 39.04 and a beta of 0.89. Box, Inc. has a fifty-two week low of $24.56 and a fifty-two week high of $35.74. The stock’s 50 day simple moving average is $32.90 and its 200 day simple moving average is $30.95.

Institutional Trading of BOX

Institutional investors have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. purchased a new position in BOX in the third quarter valued at about $36,000. GAMMA Investing LLC increased its stake in BOX by 143.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after purchasing an additional 787 shares in the last quarter. Quarry LP raised its holdings in BOX by 324.6% during the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after purchasing an additional 1,084 shares during the last quarter. Toronto Dominion Bank purchased a new stake in BOX during the second quarter worth $53,000. Finally, Farther Finance Advisors LLC grew its holdings in BOX by 245.4% in the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after purchasing an additional 1,536 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BOX shares. William Blair reaffirmed an “outperform” rating on shares of BOX in a report on Thursday, November 14th. Citigroup upped their price objective on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. DA Davidson began coverage on BOX in a research report on Wednesday, December 18th. They set a “buy” rating and a $45.00 price objective for the company. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, December 4th. Finally, UBS Group increased their price target on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.89.

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.