Brokerages Set Box, Inc. (NYSE:BOX) Price Target at $30.33

Box, Inc. (NYSE:BOX) has been given an average rating of “Moderate Buy” by the ten ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $30.33.

A number of equities research analysts recently weighed in on BOX shares. TheStreet upgraded shares of BOX from a “c” rating to a “b” rating in a report on Tuesday, March 5th. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, May 29th. JMP Securities reiterated a “market outperform” rating and set a $32.00 price target on shares of BOX in a report on Wednesday, March 20th. Morgan Stanley dropped their price objective on BOX from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 29th. Finally, StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th.

BOX Stock Down 0.1 %

Shares of NYSE BOX opened at $26.42 on Thursday. BOX has a 12-month low of $23.29 and a 12-month high of $31.94. The firm has a market cap of $3.81 billion, a PE ratio of 36.18, a P/E/G ratio of 7.60 and a beta of 0.86. The company’s fifty day simple moving average is $26.40 and its 200 day simple moving average is $26.65.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, May 28th. The software maker reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $264.66 million for the quarter, compared to the consensus estimate of $261.65 million. BOX had a negative return on equity of 11.71% and a net margin of 13.13%. On average, equities analysts predict that BOX will post 0.17 earnings per share for the current year.

Insider Buying and Selling

In other BOX news, VP Eli Berkovitch sold 3,300 shares of BOX stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $25.90, for a total transaction of $85,470.00. Following the completion of the transaction, the vice president now owns 152,372 shares of the company’s stock, valued at approximately $3,946,434.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other BOX news, VP Eli Berkovitch sold 3,300 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $25.90, for a total value of $85,470.00. Following the completion of the transaction, the vice president now directly owns 152,372 shares of the company’s stock, valued at approximately $3,946,434.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $26.38, for a total transaction of $342,940.00. Following the transaction, the chief financial officer now owns 1,552,912 shares of the company’s stock, valued at $40,965,818.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,300 shares of company stock valued at $1,122,350. Corporate insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On BOX

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of BOX by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock worth $490,329,000 after acquiring an additional 2,249,082 shares during the last quarter. UBS Group AG boosted its holdings in shares of BOX by 404.3% in the 4th quarter. UBS Group AG now owns 1,001,086 shares of the software maker’s stock worth $25,638,000 after purchasing an additional 802,564 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of BOX by 4,889.2% during the 1st quarter. Principal Financial Group Inc. now owns 813,234 shares of the software maker’s stock valued at $23,031,000 after buying an additional 796,934 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of BOX during the fourth quarter worth approximately $19,606,000. Finally, Earnest Partners LLC lifted its holdings in shares of BOX by 10.5% in the 1st quarter. Earnest Partners LLC now owns 7,340,474 shares of the software maker’s stock worth $207,882,000 after acquiring an additional 699,882 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

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.