Brokerages Set Box, Inc. (NYSE:BOX) PT at $31.22

Shares of Box, Inc. (NYSE:BOX) have received an average rating of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $31.22.

Several equities research analysts recently commented on BOX shares. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 target price on shares of BOX in a research report on Wednesday, August 28th. Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a report on Friday, August 16th. Citigroup upped their price objective on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, Morgan Stanley boosted their price target on BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th.

Insider Buying and Selling

In other BOX news, Director Jack R. Lazar sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $32.68, for a total value of $228,760.00. Following the sale, the director now owns 29,197 shares of the company’s stock, valued at $954,157.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other BOX news, CEO Aaron Levie sold 10,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total value of $329,200.00. Following the completion of the sale, the chief executive officer now directly owns 3,009,155 shares of the company’s stock, valued at $99,061,382.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jack R. Lazar sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $32.68, for a total transaction of $228,760.00. Following the completion of the sale, the director now owns 29,197 shares in the company, valued at $954,157.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,000 shares of company stock valued at $1,759,940. Insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On BOX

Several hedge funds have recently made changes to their positions in the stock. Quarry LP raised its holdings in BOX by 324.6% in the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after acquiring an additional 1,084 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of 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 purchasing an additional 787 shares in the last quarter. Toronto Dominion Bank bought a new position in BOX in the second quarter worth $53,000. Nisa Investment Advisors LLC boosted its stake in BOX by 31.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after buying an additional 632 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in BOX by 245.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after buying an additional 1,536 shares during the period. Institutional investors own 86.74% of the company’s stock.

BOX Stock Up 0.5 %

BOX stock opened at $31.92 on Wednesday. The company has a 50 day moving average of $32.30 and a two-hundred day moving average of $28.66. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 40.41 and a beta of 0.85. BOX has a 12-month low of $23.29 and a 12-month high of $33.95.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $270.04 million during the quarter, compared to analyst estimates of $269.52 million. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. BOX’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.01 earnings per share. On average, research analysts anticipate that BOX will post 0.23 EPS for the current year.

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.