BOX (NYSE:BOX) Sets New 12-Month Low – Here’s What Happened

Box, Inc. (NYSE:BOX)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $25.29 and last traded at $25.1640, with a volume of 553129 shares trading hands. The stock had previously closed at $26.47.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. DA Davidson restated a “buy” rating and set a $45.00 price target on shares of BOX in a research report on Wednesday, December 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of BOX in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $38.00.

BOX Stock Down 4.5%

The firm has a 50-day simple moving average of $29.23 and a 200-day simple moving average of $31.19. The stock has a market cap of $3.62 billion, a PE ratio of 20.40, a P/E/G ratio of 2.11 and a beta of 0.80.

Insider Activity at BOX

In other news, COO Olivia Nottebohm sold 4,612 shares of the company’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $26.04, for a total value of $120,096.48. Following the transaction, the chief operating officer owned 469,831 shares of the company’s stock, valued at approximately $12,234,399.24. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Eli Berkovitch sold 5,163 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $29.96, for a total value of $154,683.48. Following the transaction, the vice president owned 123,684 shares of the company’s stock, valued at approximately $3,705,572.64. The trade was a 4.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 87,499 shares of company stock valued at $2,656,663 in the last quarter. 3.90% of the stock is currently owned by company insiders.

Institutional Trading of BOX

A number of large investors have recently modified their holdings of BOX. Woodline Partners LP raised its stake in BOX by 16.4% in the first quarter. Woodline Partners LP now owns 17,800 shares of the software maker’s stock valued at $549,000 after purchasing an additional 2,506 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of BOX by 7.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 477,822 shares of the software maker’s stock valued at $14,746,000 after buying an additional 32,726 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of BOX during the 1st quarter worth $31,000. Sivia Capital Partners LLC purchased a new position in BOX in the second quarter worth $484,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in BOX in the second quarter valued at $256,000. Institutional investors own 86.74% of the company’s stock.

BOX Company Profile

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.