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

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

A number of analysts have commented on the company. UBS Group lifted their price target on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. DA Davidson began coverage on BOX in a report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price objective for the company. StockNews.com cut BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, December 4th. Finally, William Blair reissued an “outperform” rating on shares of BOX in a report on Thursday, November 14th.

BOX Stock Performance

Shares of BOX opened at $31.57 on Monday. The stock has a 50-day moving average of $32.71 and a two-hundred day moving average of $31.07. BOX has a one year low of $24.56 and a one year high of $35.74. The stock 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.

Insider Activity at BOX

In other BOX news, Director Jack R. Lazar sold 2,500 shares of the business’s stock in a transaction that occurred 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. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.21, for a total value of $444,730.00. Following the sale, the chief financial officer now owns 1,461,509 shares of the company’s stock, valued at approximately $49,998,222.89. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,383 shares of company stock worth $2,571,983 in the last 90 days. Corporate insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On BOX

Large investors have recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new stake in BOX during the 3rd quarter worth approximately $36,000. Quarry LP boosted its holdings in shares of BOX by 324.6% during the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after purchasing an additional 1,084 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of BOX by 143.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after purchasing an additional 787 shares during the last quarter. Toronto Dominion Bank acquired a new position in shares of BOX during the 2nd quarter worth approximately $53,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of BOX by 245.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after purchasing an additional 1,536 shares during the last quarter. 86.74% of the stock is currently 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.