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

Box, Inc. (NYSE:BOX) has been assigned an average rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $38.00.

Several research firms have commented on BOX. Weiss Ratings reiterated a “hold (c+)” rating on shares of BOX in a research report on Monday, December 29th. DA Davidson reaffirmed a “buy” rating and issued a $45.00 price target on shares of BOX in a research note on Wednesday, December 3rd.

Insider Transactions at BOX

In other BOX news, COO Olivia Nottebohm sold 4,612 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $26.04, for a total value of $120,096.48. Following the transaction, the chief operating officer directly owned 469,831 shares of the company’s stock, valued at $12,234,399.24. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $30.53, for a total value of $457,950.00. Following the completion of the sale, the chief executive officer owned 2,922,030 shares in the company, valued at $89,209,575.90. This represents a 0.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 82,887 shares of company stock worth $2,399,707 over the last ninety days. 3.90% of the stock is currently owned by insiders.

Institutional Trading of BOX

Hedge funds have recently modified their holdings of the stock. CWM LLC increased its holdings in BOX by 25.6% during the 3rd quarter. CWM LLC now owns 1,503 shares of the software maker’s stock valued at $49,000 after purchasing an additional 306 shares in the last quarter. Portside Wealth Group LLC grew its holdings in shares of BOX by 3.6% during the second quarter. Portside Wealth Group LLC now owns 10,380 shares of the software maker’s stock worth $355,000 after purchasing an additional 361 shares during the last quarter. Linden Thomas Advisory Services LLC increased its stake in shares of BOX by 1.4% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 27,285 shares of the software maker’s stock valued at $816,000 after buying an additional 387 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of BOX by 8.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,093 shares of the software maker’s stock valued at $147,000 after buying an additional 405 shares during the last quarter. Finally, Aviva PLC raised its holdings in shares of BOX by 3.4% in the second quarter. Aviva PLC now owns 13,488 shares of the software maker’s stock valued at $461,000 after buying an additional 442 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Stock Up 1.7%

Shares of BOX stock opened at $23.18 on Tuesday. BOX has a 52 week low of $22.55 and a 52 week high of $38.80. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.33 and a beta of 0.80. The stock’s 50-day simple moving average is $27.66 and its 200-day simple moving average is $30.41.

BOX Company Profile

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.