BOX (Box Inc.) may reap gains as insiders became active recently

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Box Inc.’s filing revealed that its Chief Financial Officer Smith Dylan C unloaded Company’s shares for reported $0.34 million on Oct 10. In the deal valued at $26.48 per share,13,000 shares were sold. As a result of this transaction, Smith Dylan C now holds 1,342,082 shares worth roughly $ 36.42 million.


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Then, Smith Dylan C sold 13,000 shares, generating $349,206 in total proceeds. Upon selling the shares at $26.86, the Chief Financial Officer now owns 1,369,137 shares.

Before that, Smith Dylan C sold 13,000 shares. Box Inc. shares valued at $396,357 were divested by the Chief Financial Officer at a price of $30.49 per share. As a result of the transaction, Smith Dylan C now holds 1,382,137 shares, worth roughly $37.51 million.

Morgan Stanley upgraded its Box Inc. [BOX] rating to an Overweight from a an Equal-weight in a research note published on Monday, October 03, 2022; the price target was increased to $34 from $32. PT values the company’s stock at a premium of 20.18 to its Monday closing price. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid September with a ‘”an Overweight”‘ rating. Citigroup began covering BOX with “Buy” recommendation on September 01, 2022. JP Morgan revised its rating on March 03, 2022. It rated BOX as “a Neutral” which previously was an “an Underweight”.

Price Performance Review of BOX

On Monday, Box Inc. [NYSE:BOX] saw its stock fall -0.51% to $27.14. On the same session, the stock had its day’s lowest price of $26.8706, but rose to a high of $27.47. Over the last five days, the stock has lost -6.57%. Box Inc. shares have risen nearly 3.63% since the year began. Nevertheless, the stocks have risen 1.57% over the past one year. While a 52-week high of $33.04 was reached on 04/20/22, a 52-week low of $22.31 was recorded on 06/16/22. SMA at 50 days reached $26.69, while 200 days put it at $27.39. A total of 0.74 million shares were traded, compared to the trading of 1.04 million shares in the previous session.

Levels Of Support And Resistance For BOX Stock

The 24-hour chart illustrates a support level at 26.85, which if violated will result in even more drops to 26.56. On the upside, there is a resistance level at 27.45. A further resistance level may holdings at 27.76. The Relative Strength Index (RSI) on the 14-day chart is 46.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.62%. Stochastics %K at 24.31% indicates the stock is a holding.

How much short interest is there in Box Inc.?

A steep rise in short interest was recorded in Box Inc. stocks on Jul 14, 2022, dropping by -0.45 million shares to a total of 8.43 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 8.88 million shares. There was a decline of -5.34%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.86% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.64.

Box Inc. [BOX] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 14,515,619 shares, or roughly 10.20% of the outstanding BOX shares. In other words, the investor’s shares have fallen by -990,152 from its previous 13-F filing of 15505771.0. Additionally, BlackRock Fund Advisors decreased -6.53% of its stake after which the total value it holdings stand at $206,561,715, while EARNEST Partners LLC added 1.17% of its stake to hold $158.46 million in the firm. Over the last quarter, RGM Capital LLC sold -85,000 shares of Box Inc., while Allianz Global Investors U.S. LLC sold 2,325,733 shares. At present, Macquarie Investment Management B is holding 2,886,397 shares valued at $70.4 million. First Trust Advisors LP owned 2,843,654 shares of the company at the time of its most recent 13F filing, worth $69.36 million.

According to FactSet, Box Inc.’s share price will average $33.14 in the next year, based on opinions of analysts polled by the firm. This is up nearly 24.63 percent from its previous closing price of $27.28. Analysts expect Box Inc. stock to reach the higher price of $41.00, while the lowest price estimate is $27.40. However, 13 analysts have rated BOX stock as an Overweight in their predictions for 2022.

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