Box, Inc. (NYSE:BOX) Receives $35.89 Average Price Target from Analysts

Shares of Box, Inc. (NYSE:BOX) have been given an average rating of “Moderate Buy” by the eleven research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $35.89.

BOX has been the topic of a number of research analyst reports. StockNews.com downgraded BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. Bank of America began coverage on shares of BOX in a research note on Thursday, December 12th. They issued a “buy” rating and a $40.00 price target on the stock. UBS Group upped their price objective on shares of BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. William Blair reaffirmed an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Finally, DA Davidson initiated coverage on shares of BOX in a research note on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price objective on the stock.

BOX Price Performance

Shares of BOX stock opened at $31.57 on Monday. The firm has a market cap of $4.54 billion, a P/E ratio of 39.46, a P/E/G ratio of 5.59 and a beta of 0.89. The firm has a fifty day moving average of $32.71 and a two-hundred day moving average of $31.13. BOX has a 1-year low of $24.56 and a 1-year high of $35.74.

Insider Transactions at BOX

In related news, Director Jack R. Lazar sold 2,500 shares of the 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 completion of the sale, the director now directly owns 26,697 shares in the company, valued at approximately $927,720.75. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Olivia Nottebohm sold 12,414 shares of BOX stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $31.85, for a total value of $395,385.90. Following the sale, the chief operating officer now directly owns 453,146 shares of the company’s stock, valued at approximately $14,432,700.10. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,383 shares of company stock valued at $2,571,983 over the last three months. 4.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BOX

A number of hedge funds and other institutional investors have recently made changes to their positions in BOX. Earnest Partners LLC increased its holdings in BOX by 8.5% in the second quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock worth $210,487,000 after buying an additional 620,450 shares during the last quarter. State Street Corp grew its position in BOX by 1.2% in the third quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock worth $184,042,000 after acquiring an additional 69,107 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of BOX by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock worth $106,387,000 after purchasing an additional 13,028 shares during the last quarter. Sei Investments Co. raised its holdings in shares of BOX by 4.2% during the 2nd quarter. Sei Investments Co. now owns 3,078,857 shares of the software maker’s stock valued at $81,405,000 after purchasing an additional 125,435 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of BOX by 9.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock valued at $67,809,000 after purchasing an additional 229,314 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.