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

Shares of Box, Inc. (NYSE:BOX) have received a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $31.22.

BOX has been the subject of a number of research reports. UBS Group lifted their target price on shares of BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. 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. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. Citigroup boosted their price target on BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, Monness Crespi & Hardt raised BOX to a “hold” rating in a research note on Friday, August 16th.

Insiders Place Their Bets

In other news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total transaction of $329,200.00. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $32.89, for a total value of $427,570.00. Following the transaction, the chief financial officer now directly owns 1,500,661 shares of the company’s stock, valued at approximately $49,356,740.29. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of BOX 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 transaction, the chief executive officer now owns 3,009,155 shares in the company, valued at $99,061,382.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,500 shares of company stock valued at $1,724,915. Insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On BOX

Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of BOX by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock worth $490,329,000 after purchasing an additional 2,249,082 shares during the period. Principal Financial Group Inc. increased its position in shares of BOX by 4,889.2% in the first quarter. Principal Financial Group Inc. now owns 813,234 shares of the software maker’s stock worth $23,031,000 after acquiring an additional 796,934 shares in the last quarter. Earnest Partners LLC raised its stake in shares of BOX by 10.5% in the 1st quarter. Earnest Partners LLC now owns 7,340,474 shares of the software maker’s stock valued at $207,882,000 after acquiring an additional 699,882 shares during the period. Sei Investments Co. raised its stake in shares of BOX by 26.1% in the 4th quarter. Sei Investments Co. now owns 2,532,133 shares of the software maker’s stock valued at $64,848,000 after acquiring an additional 523,872 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of BOX by 19.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,374,580 shares of the software maker’s stock valued at $67,248,000 after acquiring an additional 386,149 shares in the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Price Performance

BOX opened at $32.15 on Friday. BOX has a 1-year low of $23.29 and a 1-year high of $33.95. The stock has a market cap of $4.64 billion, a P/E ratio of 44.04 and a beta of 0.85. The stock’s 50 day simple moving average is $30.41 and its 200 day simple moving average is $28.03.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $270.04 million for 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 revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 earnings per share. Research analysts expect that BOX will post 0.23 EPS for the current fiscal year.

BOX Company Profile

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.