Box, Inc. (NYSE:BOX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Box, Inc. (NYSE:BOX) have been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $35.89.

Several research analysts have recently weighed in on BOX shares. William Blair reiterated an “outperform” rating on shares of BOX in a report on Thursday, November 14th. UBS Group increased their price target on shares of BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Morgan Stanley boosted their price objective on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 4th. Citigroup increased their target price on BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $21.00 price target on shares of BOX in a research report on Wednesday, December 4th.

BOX Trading Down 0.2 %

NYSE BOX opened at $31.97 on Thursday. The company has a market capitalization of $4.59 billion, a PE ratio of 39.96 and a beta of 0.86. The business’s 50-day moving average price is $33.08 and its 200 day moving average price is $30.36. BOX has a twelve month low of $24.28 and a twelve month high of $35.74.

Insider Activity

In other news, VP Eli Berkovitch sold 4,792 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $32.46, for a total value of $155,548.32. Following the completion of the transaction, the vice president now directly owns 140,172 shares in the company, valued at approximately $4,549,983.12. This represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack R. Lazar sold 2,500 shares of BOX stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total transaction of $86,875.00. Following the sale, the director now directly owns 26,697 shares in the company, valued at $927,720.75. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,178 shares of company stock worth $2,046,898. 4.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BOX. Itau Unibanco Holding S.A. acquired a new position in shares of BOX in the 3rd quarter valued at approximately $36,000. Quarry LP raised its holdings in BOX by 324.6% in the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after acquiring an additional 1,084 shares in the last quarter. GAMMA Investing LLC boosted its stake in BOX by 143.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after acquiring an additional 787 shares during the last quarter. Toronto Dominion Bank bought a new position in BOX during the 2nd quarter valued at $53,000. Finally, Nisa Investment Advisors LLC grew its holdings in BOX by 31.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after acquiring an additional 632 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.