Box, Inc. (NYSE:BOX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Box, Inc. (NYSE:BOX) have been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $35.89.

Several research analysts have issued reports on the company. William Blair reiterated an “outperform” rating on shares of BOX in a report on Thursday, November 14th. Citigroup upped their target price on BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Morgan Stanley lifted their price target on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 4th. Bank of America initiated coverage on shares of BOX in a report on Thursday, December 12th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, DA Davidson initiated coverage on shares of BOX in a report on Wednesday, December 18th. They set a “buy” rating and a $45.00 price objective for the company.

Insiders Place Their Bets

In other BOX news, VP Eli Berkovitch sold 4,791 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $31.06, for a total value of $148,808.46. Following the completion of the transaction, the vice president now owns 132,741 shares in the company, valued at $4,122,935.46. This represents a 3.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Olivia Nottebohm sold 6,079 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $34.42, for a total value of $209,239.18. Following the sale, the chief operating officer now directly owns 440,988 shares of the company’s stock, valued at approximately $15,178,806.96. This represents a 1.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,041 shares of company stock valued at $2,889,758. Corporate insiders own 4.10% of the company’s stock.

Institutional Trading of BOX

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in shares of BOX by 1.2% during the 3rd quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock worth $184,042,000 after purchasing an additional 69,107 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in BOX by 103.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker’s stock valued at $107,009,000 after purchasing an additional 1,725,197 shares during the period. Sei Investments Co. increased its position in BOX by 8.4% in the fourth quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker’s stock worth $103,857,000 after buying an additional 255,623 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of BOX by 0.4% in the third quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock valued at $106,387,000 after buying an additional 13,028 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of BOX by 1.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,425,176 shares of the software maker’s stock valued at $79,376,000 after buying an additional 44,190 shares during the period. Institutional investors own 86.74% of the company’s stock.

BOX Price Performance

BOX stock opened at $35.35 on Friday. The company’s 50-day moving average is $32.41 and its 200-day moving average is $31.98. The stock has a market capitalization of $5.08 billion, a PE ratio of 44.18, a price-to-earnings-growth ratio of 4.40 and a beta of 0.88. BOX has a 1 year low of $24.56 and a 1 year high of $35.74.

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.