Box, Inc. (NYSE:BOX) Receives Average Recommendation of “Hold” from Brokerages

Box, Inc. (NYSE:BOX) has received an average rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $38.00.

Several equities analysts have issued reports on BOX shares. Weiss Ratings restated a “hold (c+)” rating on shares of BOX in a research note on Monday, December 22nd. Zacks Research downgraded BOX from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. DA Davidson reissued a “buy” rating and issued a $45.00 target price on shares of BOX in a research report on Wednesday, December 3rd. Finally, UBS Group downgraded BOX from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $42.00 to $36.00 in a research note on Thursday, September 18th.

BOX Trading Up 0.9%

Shares of BOX stock opened at $30.08 on Monday. The company has a fifty day simple moving average of $31.02 and a 200-day simple moving average of $32.16. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 2.39 and a beta of 0.79. BOX has a 12-month low of $28.00 and a 12-month high of $38.80.

Insiders Place Their Bets

In other BOX news, CFO Dylan C. Smith sold 17,000 shares of BOX stock in a transaction on Friday, October 10th. The shares were sold at an average price of $33.05, for a total value of $561,850.00. Following the transaction, the chief financial officer directly owned 1,454,013 shares in the company, valued at approximately $48,055,129.65. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Eli Berkovitch sold 5,163 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $29.96, for a total transaction of $154,683.48. Following the completion of the sale, the vice president directly owned 123,684 shares of the company’s stock, valued at $3,705,572.64. The trade was a 4.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 90,999 shares of company stock worth $2,878,068. Corporate insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On BOX

Several institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its position in BOX by 2.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,070,157 shares of the software maker’s stock worth $33,025,000 after acquiring an additional 22,962 shares during the period. Trexquant Investment LP increased its holdings in shares of BOX by 62.8% in the first quarter. Trexquant Investment LP now owns 164,928 shares of the software maker’s stock valued at $5,090,000 after purchasing an additional 63,615 shares during the period. Caption Management LLC raised its stake in shares of BOX by 94.7% during the first quarter. Caption Management LLC now owns 43,025 shares of the software maker’s stock worth $1,328,000 after purchasing an additional 20,925 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of BOX by 8.5% during the first quarter. Royal Bank of Canada now owns 638,062 shares of the software maker’s stock worth $19,690,000 after purchasing an additional 49,758 shares during the period. Finally, Ardsley Advisory Partners LP purchased a new position in BOX in the 1st quarter valued at $741,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

About BOX

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.