Box, Inc. (NYSE:BOX) Receives $35.89 Consensus PT from Brokerages

Box, Inc. (NYSE:BOX) has received an average rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $35.89.

Several analysts have weighed in on BOX shares. Bank of America assumed coverage on BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price target on the stock. 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, December 4th. William Blair reiterated an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. Morgan Stanley increased their price target on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. Finally, StockNews.com cut shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th.

BOX Stock Performance

BOX stock opened at $31.70 on Monday. The stock has a market cap of $4.56 billion, a P/E ratio of 39.63 and a beta of 0.89. BOX has a fifty-two week low of $24.56 and a fifty-two week high of $35.74. The firm’s fifty day moving average price is $32.84 and its 200-day moving average price is $31.02.

Insider Buying and Selling

In related news, Director Jack R. Lazar sold 2,500 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total transaction of $86,875.00. Following the completion of the sale, the director now directly owns 26,697 shares in the company, valued at $927,720.75. This represents a 8.56 % decrease in their position. The sale was disclosed in a legal 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 that occurred on Friday, January 10th. The stock was sold at an average price of $31.05, for a total value of $403,650.00. Following the transaction, the chief financial officer now owns 1,466,684 shares in the company, valued at approximately $45,540,538.20. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,383 shares of company stock worth $2,571,983 in the last 90 days. 4.10% of the stock is owned by company insiders.

Institutional Trading of BOX

Several hedge funds and other institutional investors have recently bought and sold shares of BOX. Earnest Partners LLC increased its stake in shares of BOX by 8.5% in the second quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock worth $210,487,000 after buying an additional 620,450 shares during the period. State Street Corp grew its holdings in BOX by 1.2% in the 3rd quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock worth $184,042,000 after acquiring an additional 69,107 shares during the last quarter. Geode Capital Management LLC increased its position in shares of BOX by 0.4% in the third 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. raised its stake in shares of BOX by 4.2% during the second quarter. Sei Investments Co. now owns 3,078,857 shares of the software maker’s stock valued at $81,405,000 after acquiring an additional 125,435 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of BOX by 9.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock valued at $67,809,000 after acquiring an additional 229,314 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

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.