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

Box, Inc. (NYSE:BOX) Director Jack Lazar sold 2,500 shares of BOX stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $31.77, for a total transaction of $79,425.00. Following the completion of the sale, the director owned 25,355 shares of the company’s stock, valued at $805,528.35. This represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

BOX Stock Down 0.7%

Shares of BOX stock opened at $31.59 on Friday. Box, Inc. has a twelve month low of $28.00 and a twelve month high of $38.80. The company’s 50 day moving average is $31.75 and its 200 day moving average is $32.74. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 3.42 and a beta of 0.79.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada raised their price target on BOX from $24.00 to $26.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 27th. Raymond James Financial reissued an “outperform” rating and issued a $42.00 target price on shares of BOX in a report on Wednesday, August 27th. Weiss Ratings restated a “hold (c+)” rating on shares of BOX in a research note on Thursday. Zacks Research lowered shares of BOX from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Citigroup raised their price objective on shares of BOX from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 27th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BOX has an average rating of “Moderate Buy” and a consensus price target of $38.25.

Institutional Trading of BOX

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd increased its holdings in BOX by 7,130.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock worth $25,000 after acquiring an additional 713 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in shares of BOX in the first quarter worth approximately $31,000. Salomon & Ludwin LLC purchased a new stake in shares of BOX in the third quarter worth $32,000. Employees Retirement System of Texas bought a new stake in shares of BOX during the 3rd quarter valued at $35,000. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of BOX by 1,778.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock valued at $39,000 after buying an additional 1,138 shares in the last quarter. 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.