Box, Inc. (NYSE:BOX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Box, Inc. (NYSE:BOX) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $35.89.

A number of research analysts recently commented on the stock. William Blair reaffirmed an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Friday, December 13th. Royal Bank of Canada reiterated an “underperform” rating and set a $21.00 price objective on shares of BOX in a report on Wednesday, December 4th. Bank of America began coverage on BOX in a research note on Thursday, December 12th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, Morgan Stanley raised their price target on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th.

Insider Buying and Selling at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $32.52, for a total value of $422,760.00. Following the sale, the chief financial officer now directly owns 1,474,509 shares of the company’s stock, valued at approximately $47,951,032.68. This trade represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Eli Berkovitch sold 4,792 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $32.46, for a total value of $155,548.32. Following the transaction, the vice president now directly owns 140,172 shares of the company’s stock, valued at $4,549,983.12. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 62,178 shares of company stock worth $2,046,898 over the last 90 days. Insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On BOX

Hedge funds and other institutional investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. bought a new stake in BOX in the 3rd quarter valued at $36,000. GAMMA Investing LLC lifted its stake in shares of BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after buying an additional 787 shares during the period. Quarry LP grew its position in BOX by 324.6% during the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after buying an additional 1,084 shares in the last quarter. Toronto Dominion Bank bought a new position in BOX during the second quarter valued at about $53,000. Finally, Farther Finance Advisors LLC raised its holdings in BOX by 245.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after acquiring an additional 1,536 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Trading Down 0.2 %

Shares of NYSE BOX opened at $31.99 on Thursday. The firm has a market capitalization of $4.60 billion, a PE ratio of 39.99 and a beta of 0.86. BOX has a one year low of $24.28 and a one year high of $35.74. The business has a 50-day moving average price of $33.10 and a two-hundred day moving average price of $30.28.

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.