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

Box, Inc. (NYSE:BOX) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $31.22.

Several analysts recently issued reports on the company. Citigroup upped their target price on BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. UBS Group increased their price objective on BOX from $31.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $21.00 price target on shares of BOX in a research report on Wednesday, August 28th. Finally, Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a research note on Friday, August 16th.

BOX Stock Down 1.3 %

Shares of BOX stock opened at $35.06 on Friday. BOX has a 12 month low of $23.29 and a 12 month high of $35.74. The company’s fifty day simple moving average is $32.90 and its 200-day simple moving average is $29.59. The firm has a market cap of $5.02 billion, a PE ratio of 44.38 and a beta of 0.85.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $270.04 million for the quarter, compared to analysts’ expectations of $269.52 million. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 EPS. On average, equities analysts predict that BOX will post 0.23 earnings per share for the current fiscal year.

Insider Activity at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $32.89, for a total value of $427,570.00. Following the transaction, the chief financial officer now directly owns 1,500,661 shares of the company’s stock, valued at $49,356,740.29. This represents a 0.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jack R. Lazar sold 2,500 shares of BOX stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the sale, the director now directly owns 26,697 shares of the company’s stock, valued at $927,720.75. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,500 shares of company stock worth $1,711,135. Insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Glenmede Trust Co. NA increased its position in shares of BOX by 1.6% in the third quarter. Glenmede Trust Co. NA now owns 34,107 shares of the software maker’s stock worth $1,116,000 after purchasing an additional 535 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in BOX by 3.7% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,831 shares of the software maker’s stock worth $419,000 after buying an additional 560 shares in the last quarter. Connable Office Inc. increased its holdings in BOX by 3.8% in the 2nd quarter. Connable Office Inc. now owns 15,707 shares of the software maker’s stock valued at $415,000 after buying an additional 573 shares during the period. Creative Planning raised its position in shares of BOX by 4.2% in the 3rd quarter. Creative Planning now owns 15,743 shares of the software maker’s stock valued at $515,000 after buying an additional 631 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of BOX by 31.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after acquiring an additional 632 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

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.