Box, Inc. (NYSE:BOX) Receives $30.89 Consensus PT from Brokerages

Box, Inc. (NYSE:BOX) has earned an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $30.89.

A number of research firms recently commented on BOX. JMP Securities reiterated a “market outperform” rating and set a $32.00 price objective on shares of BOX in a research report on Wednesday, March 20th. Royal Bank of Canada reissued an “underperform” rating and set a $21.00 price target on shares of BOX in a research note on Wednesday, March 20th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th. TheStreet upgraded BOX from a “c” rating to a “b” rating in a research report on Tuesday, March 5th. Finally, Citigroup increased their price target on BOX from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th.

Insider Buying and Selling

In other news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $27.30, for a total transaction of $354,900.00. Following the completion of the sale, the chief financial officer now owns 1,578,912 shares in the company, valued at $43,104,297.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other BOX news, Director Dana L. Evan sold 11,000 shares of BOX stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $28.47, for a total value of $313,170.00. Following the completion of the sale, the director now directly owns 116,535 shares of the company’s stock, valued at approximately $3,317,751.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $27.30, for a total transaction of $354,900.00. Following the sale, the chief financial officer now directly owns 1,578,912 shares of the company’s stock, valued at $43,104,297.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,660 shares of company stock worth $3,792,204. Corporate insiders own 4.90% of the company’s stock.

Hedge Funds Weigh In On BOX

A number of institutional investors have recently added to or reduced their stakes in BOX. Tower Research Capital LLC TRC raised its stake in shares of BOX by 12.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,097 shares of the software maker’s stock valued at $91,000 after purchasing an additional 343 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of BOX by 1.0% in the 4th quarter. Captrust Financial Advisors now owns 38,231 shares of the software maker’s stock valued at $1,190,000 after acquiring an additional 369 shares in the last quarter. Cornercap Investment Counsel Inc. lifted its position in shares of BOX by 2.1% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 18,189 shares of the software maker’s stock valued at $466,000 after acquiring an additional 376 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in BOX by 1.3% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 31,510 shares of the software maker’s stock worth $763,000 after buying an additional 408 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its position in BOX by 4.8% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 8,823 shares of the software maker’s stock worth $275,000 after buying an additional 408 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Price Performance

Shares of BOX stock opened at $26.26 on Friday. The stock has a market capitalization of $3.79 billion, a P/E ratio of 39.19, a price-to-earnings-growth ratio of 8.91 and a beta of 0.84. BOX has a one year low of $23.29 and a one year high of $31.94. The business’s 50 day simple moving average is $27.51 and its two-hundred day simple moving average is $26.18.

BOX (NYSE:BOX) last released its earnings results on Tuesday, March 5th. The software maker reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. BOX had a negative return on equity of 9.46% and a net margin of 12.43%. The business had revenue of $262.88 million for the quarter, compared to the consensus estimate of $262.92 million. Sell-side analysts expect that BOX will post 0.15 earnings per share for the current fiscal year.

BOX Company Profile

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.