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

Box, Inc. (NYSE:BOX) has been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $35.89.

Several research firms have weighed in on BOX. DA Davidson initiated coverage on BOX in a report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price objective for the company. Morgan Stanley raised their price target on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. UBS Group lifted their target price on shares of BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Bank of America started coverage on BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price objective for the company.

BOX Trading Down 0.6 %

BOX stock opened at $34.28 on Friday. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 42.85, a PEG ratio of 4.40 and a beta of 0.88. The firm’s 50-day moving average price is $32.28 and its two-hundred day moving average price is $31.83. BOX has a 12-month low of $24.56 and a 12-month high of $35.74.

Insider Buying and Selling at BOX

In other news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $32.54, for a total transaction of $325,400.00. Following the transaction, the chief executive officer now directly owns 2,999,155 shares of the company’s stock, valued at $97,592,503.70. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jack R. Lazar sold 2,500 shares of the firm’s stock in a transaction on 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 owns 26,697 shares in the company, valued at $927,720.75. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,462 shares of company stock worth $2,321,234. Company insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On BOX

A number of hedge funds have recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new stake in shares of BOX in the 3rd quarter worth about $36,000. GAMMA Investing LLC raised its holdings in BOX by 143.1% during the 3rd 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 lifted its position in BOX by 715.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock worth $69,000 after buying an additional 1,897 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in BOX by 245.4% during the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after buying an additional 1,536 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in BOX during the fourth quarter valued at $132,000. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Company Profile

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.