BOX (NYSE:BOX) Earns “Outperform” Rating from William Blair

William Blair restated their outperform rating on shares of BOX (NYSE:BOX) in a research report report published on Thursday,RTT News reports.

A number of other equities research analysts also recently commented on BOX. Morgan Stanley upped their price objective on BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 target price on shares of BOX in a research note on Wednesday, August 28th. Citigroup lifted their price target on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a research report on Friday, August 16th. Finally, StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, BOX currently has a consensus rating of “Moderate Buy” and an average price target of $31.22.

BOX Price Performance

BOX stock opened at $33.53 on Thursday. The stock has a market capitalization of $4.80 billion, a PE ratio of 42.44 and a beta of 0.85. The company has a 50 day moving average price of $32.71 and a 200 day moving average price of $29.17. BOX has a fifty-two week low of $23.29 and a fifty-two week high of $35.07.

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

Insiders Place Their Bets

In other BOX news, Director Jack R. Lazar sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total transaction 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. The trade was a 8.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $32.89, for a total value of $427,570.00. Following the completion of the transaction, the chief financial officer now owns 1,500,661 shares of the company’s stock, valued at $49,356,740.29. The trade was a 0.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,500 shares of company stock valued at $1,939,895 in the last quarter. 4.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BOX

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