On September 10, 2024, Aaron Levie, Chief Executive Officer of Box Inc (BOX, Financial), sold 10,000 shares of the company at a price of $32.92 per share. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 3,009,155 shares of Box Inc.
Box Inc, headquartered in Redwood City, California, is a provider of cloud content management and file sharing service for businesses. The company's platform allows users to collaborate on content both internally and with external parties, securely across multiple devices.
Over the past year, Aaron Levie has sold a total of 40,000 shares of Box Inc and has not made any purchases of the stock. The company has seen a total of 26 insider sells and no insider buys over the same period, indicating a trend of insider sales.
On the valuation front, Box Inc (BOX, Financial) shares were trading at $32.92 on the day of the sale, giving the company a market cap of approximately $4.71 billion. The price-earnings ratio of the company stands at 41.86, which is above the industry median of 25.56. The stock is considered to be Fairly Valued with a price-to-GF Value ratio of 1.03, based on a GF Value of $31.99.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale comes at a time when the stock is trading close to its intrinsic value, suggesting that the insider might perceive the current price as reflective of its fair value.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
