Weekly Analysts’ Ratings Changes for BOX (BOX)

A number of firms have modified their ratings and price targets on shares of BOX (NYSE: BOX) recently:

• 12/12/2024 – BOX is now covered by analysts at Bank of America Co.. They set a “buy” rating and a $40.00 price target on the stock.
• 12/5/2024 – BOX was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 12/4/2024 – BOX had its “underperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $21.00 price target on the stock.
• 12/4/2024 – BOX had its price target raised by analysts at Morgan Stanley from $33.00 to $36.00. They now have an “equal weight” rating on the stock.
• 12/4/2024 – BOX had its price target raised by analysts at Citigroup Inc. from $34.00 to $40.00. They now have a “buy” rating on the stock.
• 12/4/2024 – BOX had its price target raised by analysts at UBS Group AG from $34.00 to $42.00. They now have a “buy” rating on the stock.
• 11/14/2024 – BOX had its “outperform” rating reaffirmed by analysts at William Blair.

BOX Stock Performance

BOX stock traded down $0.54 during trading hours on Friday, reaching $32.48. 949,039 shares of the company’s stock traded hands, compared to its average volume of 2,009,821. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 40.60 and a beta of 0.86. Box, Inc. has a fifty-two week low of $24.28 and a fifty-two week high of $35.74. The firm’s 50 day moving average is $33.09 and its 200-day moving average is $30.09.

Insider Activity at BOX

In other BOX news, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $32.54, for a total transaction of $325,400.00. Following the sale, the chief executive officer now directly owns 2,999,155 shares in the company, valued at approximately $97,592,503.70. This trade represents a 0.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.21, for a total transaction of $444,730.00. Following the completion of the sale, the chief financial officer now directly owns 1,461,509 shares in the company, valued at $49,998,222.89. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 57,386 shares of company stock worth $1,891,350 in the last ninety days. Company insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

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

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.