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

Box, Inc. (NYSE:BOX) has been assigned an average rating of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $30.89.

A number of equities analysts have issued reports on BOX shares. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. JMP Securities reaffirmed a “market outperform” rating and set a $32.00 price target on shares of BOX in a research report on Wednesday, March 20th. Citigroup lifted their target price on BOX from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. TheStreet upgraded BOX from a “c” rating to a “b” rating in a research note on Tuesday, March 5th. Finally, JPMorgan Chase & Co. boosted their price target on BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th.

BOX Stock Performance

Shares of NYSE BOX opened at $26.26 on Friday. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 39.19, a PEG ratio of 8.91 and a beta of 0.84. The business has a 50 day simple moving average of $27.51 and a 200 day simple moving average of $26.18. BOX has a 52 week low of $23.29 and a 52 week high of $31.94.

BOX (NYSE:BOX) last posted its quarterly earnings data on Tuesday, March 5th. The software maker reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.07. The company had revenue of $262.88 million during the quarter, compared to analysts’ expectations of $262.92 million. BOX had a negative return on equity of 9.46% and a net margin of 12.43%. On average, analysts predict that BOX will post 0.15 EPS for the current year.

Insiders Place Their Bets

In other BOX news, CEO Aaron Levie sold 10,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $29.47, for a total transaction of $294,700.00. Following the sale, the chief executive officer now directly owns 3,048,653 shares in the company, valued at approximately $89,843,803.91. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Aaron Levie sold 10,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $29.47, for a total transaction of $294,700.00. Following the transaction, the chief executive officer now directly owns 3,048,653 shares of the company’s stock, valued at approximately $89,843,803.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel J. Levin sold 73,660 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $28.40, for a total value of $2,091,944.00. Following the transaction, the director now directly owns 43,940 shares in the company, valued at $1,247,896. The disclosure for this sale can be found here. In the last quarter, insiders have sold 133,660 shares of company stock worth $3,792,204. Company insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Fairfield Bush & CO. purchased a new position in BOX in the first quarter worth about $29,000. Quarry LP lifted its stake in BOX by 318.2% in the first quarter. Quarry LP now owns 1,330 shares of the software maker’s stock worth $36,000 after purchasing an additional 1,012 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in BOX in the third quarter worth about $38,000. a16z Perennial Management L.P. bought a new stake in BOX in the fourth quarter worth about $48,000. Finally, TFO Wealth Partners LLC lifted its stake in BOX by 62,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker’s stock worth $48,000 after purchasing an additional 1,860 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.