Eli Berkovitch Sells 3,000 Shares of Box, Inc. (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX - Get Free Report) VP Eli Berkovitch sold 3,000 shares of the business's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $33.34, for a total value of $100,020.00. Following the transaction, the vice president owned 133,867 shares of the company's stock, valued at $4,463,125.78. The trade was a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Eli Berkovitch also recently made the following trade(s):

• On Friday, May 30th, Eli Berkovitch sold 5,924 shares of BOX stock. The stock was sold at an average price of $37.70, for a total value of $223,334.80.

BOX Trading Up 0.5%

Shares of BOX stock traded up $0.16 on Thursday, reaching $32.60. 383,649 shares of the company were exchanged, compared to its average volume of 1,964,831. Box, Inc. has a one year low of $25.96 and a one year high of $38.80. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 25.27 and a beta of 0.90. The company has a 50-day moving average of $34.08 and a 200 day moving average of $32.55.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings data on Tuesday, May 27th. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.05. BOX had a negative return on equity of 20.17% and a net margin of 21.38%. The company had revenue of $276.27 million for the quarter, compared to analysts' expectations of $274.77 million. During the same quarter in the prior year, the business posted $0.39 EPS. The business's revenue was up 4.4% compared to the same quarter last year. Analysts predict that Box, Inc. will post 0.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BOX. Morgan Stanley restated a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. UBS Group upgraded BOX from a "buy" rating to a "strong-buy" rating and boosted their price objective for the company from $37.00 to $40.00 in a research report on Wednesday, May 28th. JPMorgan Chase & Co. boosted their price objective on BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. Royal Bank Of Canada boosted their price objective on BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a research report on Wednesday, May 28th. Finally, Wall Street Zen lowered BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, BOX currently has an average rating of "Moderate Buy" and an average target price of $38.50.

Institutional Investors Weigh In On BOX

A number of large investors have recently added to or reduced their stakes in the business. Fort Washington Investment Advisors Inc. OH raised its stake in BOX by 8.4% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 511,955 shares of the software maker's stock valued at $17,494,000 after acquiring an additional 39,792 shares during the period. State of Alaska Department of Revenue raised its stake in BOX by 8.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 86,265 shares of the software maker's stock valued at $2,947,000 after acquiring an additional 6,640 shares during the period. Congress Asset Management Co. raised its stake in BOX by 2.2% in the 2nd quarter. Congress Asset Management Co. now owns 1,886,750 shares of the software maker's stock valued at $64,470,000 after acquiring an additional 40,681 shares during the period. GAMMA Investing LLC raised its stake in BOX by 19.9% in the 2nd quarter. GAMMA Investing LLC now owns 4,957 shares of the software maker's stock valued at $169,000 after acquiring an additional 822 shares during the period. Finally, Abacus FCF Advisors LLC increased its position in BOX by 1.7% during the 2nd quarter. Abacus FCF Advisors LLC now owns 93,128 shares of the software maker's stock worth $3,182,000 after buying an additional 1,596 shares during the period. Institutional investors own 86.74% of the company's stock.

About BOX

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.