Analysts Set Box, Inc. (NYSE:BOX) Price Target at $35.89

Box, Inc. (NYSE:BOX) has been given an average rating of “Moderate Buy” by the eleven research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $35.89.

Several analysts recently issued reports on BOX shares. Morgan Stanley raised their target price on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. UBS Group upped their target price on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. DA Davidson started coverage on shares of BOX in a report on Wednesday. They issued a “buy” rating and a $45.00 price target on the stock. Citigroup upped their price objective on shares of BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 target price on shares of BOX in a research report on Wednesday, December 4th.

BOX Stock Down 0.1 %

Shares of BOX stock opened at $32.03 on Thursday. The company’s fifty day simple moving average is $33.08 and its two-hundred day simple moving average is $30.32. BOX has a 12-month low of $24.28 and a 12-month high of $35.74. The firm has a market cap of $4.60 billion, a PE ratio of 40.04 and a beta of 0.86.

Insider Buying and Selling

In other BOX news, VP Eli Berkovitch sold 4,792 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $32.46, for a total transaction of $155,548.32. Following the completion of the sale, the vice president now directly owns 140,172 shares in the company, valued at approximately $4,549,983.12. The trade was a 3.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.21, for a total value of $444,730.00. Following the completion of the transaction, the chief financial officer now owns 1,461,509 shares in the company, valued at approximately $49,998,222.89. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,178 shares of company stock worth $2,046,898. 4.10% of the stock is owned by corporate insiders.

Institutional Trading of BOX

Hedge funds have recently bought and sold shares of the company. Glenmede Trust Co. NA grew its stake in shares of BOX by 1.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 34,107 shares of the software maker’s stock valued at $1,116,000 after purchasing an additional 535 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in BOX by 3.7% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,831 shares of the software maker’s stock valued at $419,000 after buying an additional 560 shares during the last quarter. Connable Office Inc. raised its position in BOX by 3.8% in the second quarter. Connable Office Inc. now owns 15,707 shares of the software maker’s stock worth $415,000 after acquiring an additional 573 shares during the period. Creative Planning boosted its stake in shares of BOX by 4.2% during the 3rd quarter. Creative Planning now owns 15,743 shares of the software maker’s stock worth $515,000 after acquiring an additional 631 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of BOX by 31.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after acquiring an additional 632 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

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.