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

Box, Inc. (NYSE:BOX) has received a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $35.89.

Several equities research analysts recently issued reports on BOX shares. Morgan Stanley lifted their price objective on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 4th. UBS Group upped their price target on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. William Blair reissued an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Bank of America started coverage on BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 target price for the company. Finally, DA Davidson started coverage on BOX in a research report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price target on the stock.

BOX Stock Up 0.6 %

NYSE BOX opened at $34.44 on Friday. The stock has a market capitalization of $4.95 billion, a PE ratio of 43.05, a price-to-earnings-growth ratio of 6.06 and a beta of 0.88. BOX has a 12-month low of $24.56 and a 12-month high of $35.74. The company has a 50 day moving average price of $32.29 and a two-hundred day moving average price of $31.72.

Insider Buying and Selling at BOX

In other BOX news, CEO Aaron Levie sold 10,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $32.54, for a total value of $325,400.00. Following the transaction, 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 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 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. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,462 shares of company stock worth $2,765,964. 4.10% of the stock is currently owned by corporate insiders.

Institutional Trading of BOX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BOX. Itau Unibanco Holding S.A. acquired a new position in BOX during the 3rd quarter valued at about $36,000. GAMMA Investing LLC lifted its holdings in BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after buying an additional 787 shares during the period. Smartleaf Asset Management LLC boosted its stake in BOX by 715.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock valued at $69,000 after acquiring an additional 1,897 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in 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 acquiring an additional 1,536 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of BOX during the 4th quarter valued at $132,000. 86.74% of the stock is currently owned by institutional investors and hedge funds.

About BOX

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.