A Box Inc. investor sold 5.9 million shares of the cloud-storage company, according to a person with knowledge of the matter. Shares of the enterprise storage company declined Monday amid the big block trade.
An investor offered the shares at a range between $19.07 and $19.37 each, plus commission, the person said, who asked not to be named discussing private trade details. At the midpoint of that range, the sale equals about $113 million worth of stock, according to data compiled by CNBC.
A spokesperson for Box, whose shares closed Friday at $19.97, declined to comment. The stock is still up more than 60 percent in the last year.
Box shares fell about 4 percent to $19.21 at 12:40 p.m. on Monday.
The largest institutional holder in Box through the end of the first quarter was Austin, Texas-based Bares Capital Management, which held 5.9 million shares, according to FactSet. A message left with
The next biggest holder is Vanguard at 4.5 million shares, according to FactSet.