Eli Berkovitch Sells 5,924 Shares of Box, Inc. (NYSE:BOX) Stock

Box, Inc. (NYSE:BOX - Get Free Report) VP Eli Berkovitch sold 5,924 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $37.70, for a total value of $223,334.80. Following the completion of the sale, the vice president now owns 138,770 shares of the company's stock, valued at approximately $5,231,629. This trade represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, April 10th, Eli Berkovitch sold 2,750 shares of BOX stock. The stock was sold at an average price of $29.58, for a total value of $81,345.00.
• On Monday, March 24th, Eli Berkovitch sold 5,651 shares of BOX stock. The stock was sold at an average price of $30.66, for a total value of $173,259.66.

BOX Stock Down 1.4%

NYSE BOX traded down $0.54 during trading hours on Friday, hitting $37.39. The company had a trading volume of 196,408 shares, compared to its average volume of 1,921,947. The business has a fifty day simple moving average of $31.75 and a 200-day simple moving average of $32.30. The firm has a market cap of $5.38 billion, a P/E ratio of 46.89, a price-to-earnings-growth ratio of 4.42 and a beta of 0.94. Box, Inc. has a fifty-two week low of $24.63 and a fifty-two week high of $38.80.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. The business had revenue of $276.27 million during the quarter, compared to analyst estimates of $274.77 million. BOX had a negative return on equity of 17.20% and a net margin of 13.96%. The firm's revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 EPS. Equities analysts forecast that Box, Inc. will post 0.27 EPS for the current fiscal year.

BOX declared that its Board of Directors has approved a stock repurchase plan on Tuesday, March 4th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the software maker to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its stock is undervalued.

Institutional Trading of BOX

A number of hedge funds have recently made changes to their positions in BOX. TCTC Holdings LLC increased its stake in BOX by 115.4% during the 1st quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock worth $25,000 after acquiring an additional 442 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in BOX by 332.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock valued at $27,000 after acquiring an additional 665 shares during the last quarter. MorganRosel Wealth Management LLC bought a new position in BOX in the first quarter valued at about $31,000. Geneos Wealth Management Inc. acquired a new position in shares of BOX in the first quarter valued at approximately $31,000. Finally, Versant Capital Management Inc increased its stake in shares of BOX by 519.4% in the first quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker's stock valued at $60,000 after buying an additional 1,636 shares during the period. 86.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on BOX. DA Davidson set a $45.00 target price on BOX and gave the stock a "buy" rating in a report on Wednesday, May 28th. Morgan Stanley reaffirmed a "positive" rating on shares of BOX in a report on Wednesday, May 28th. Royal Bank of Canada boosted their price target on BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a report on Wednesday, May 28th. Raymond James reissued an "outperform" rating and issued a $42.00 price target (up from $38.00) on shares of BOX in a report on Wednesday, May 28th. Finally, UBS Group raised BOX from a "buy" rating to a "strong-buy" rating and boosted their price target for the company from $37.00 to $40.00 in a report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $38.50.

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.