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

Box, Inc. (NYSE:BOX) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $38.25.

A number of brokerages recently commented on BOX. UBS Group downgraded BOX from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $42.00 to $36.00 in a research report on Thursday, September 18th. Zacks Research lowered BOX from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Citigroup upped their price objective on shares of BOX from $39.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. Weiss Ratings cut shares of BOX from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, November 28th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $42.00 target price on shares of BOX in a report on Wednesday, August 27th.

BOX Trading Up 6.6%

BOX stock opened at $32.16 on Thursday. The firm has a 50-day moving average of $31.78 and a two-hundred day moving average of $32.74. BOX has a 12 month low of $28.00 and a 12 month high of $38.80. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 25.94 and a beta of 0.79.

Insider Transactions at BOX

In related news, CFO Dylan C. Smith sold 51,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $32.83, for a total value of $1,674,330.00. Following the completion of the transaction, the chief financial officer directly owned 1,480,732 shares in the company, valued at approximately $48,612,431.56. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Olivia Nottebohm sold 4,612 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $31.35, for a total value of $144,586.20. Following the sale, the chief operating officer directly owned 497,639 shares of the company’s stock, valued at approximately $15,600,982.65. This trade represents a 0.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 122,336 shares of company stock valued at $3,986,999 in the last ninety days. 3.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BOX. Vanguard Group Inc. increased its position in shares of BOX by 2.8% during the third quarter. Vanguard Group Inc. now owns 18,487,018 shares of the software maker’s stock valued at $596,576,000 after acquiring an additional 497,658 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of BOX by 10.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,247,092 shares of the software maker’s stock worth $145,123,000 after purchasing an additional 410,191 shares during the period. Acadian Asset Management LLC boosted its position in shares of BOX by 36.4% during the 2nd quarter. Acadian Asset Management LLC now owns 4,137,447 shares of the software maker’s stock worth $141,345,000 after purchasing an additional 1,104,314 shares during the period. RGM Capital LLC increased its holdings in BOX by 9.3% in the 1st quarter. RGM Capital LLC now owns 3,749,773 shares of the software maker’s stock valued at $115,718,000 after purchasing an additional 318,459 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in BOX by 1.0% in the second quarter. Geode Capital Management LLC now owns 3,346,923 shares of the software maker’s stock valued at $114,379,000 after purchasing an additional 32,884 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

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.