Box, Inc. (NYSE:BOX) Given Average Recommendation of “Hold” by Analysts

Shares of Box, Inc. (NYSE:BOX) have been assigned an average recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $35.5714.

A number of research firms have weighed in on BOX. DA Davidson restated a “buy” rating and set a $45.00 price target on shares of BOX in a research report on Wednesday, December 3rd. Morgan Stanley reduced their price objective on BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Thursday. Weiss Ratings reissued a “hold (c+)” rating on shares of BOX in a report on Monday, December 29th. Citigroup dropped their target price on BOX from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Finally, UBS Group cut their target price on BOX from $31.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, March 4th.

Insider Buying and Selling at BOX

In other news, VP Eli Berkovitch sold 5,163 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $29.96, for a total value of $154,683.48. Following the completion of the sale, the vice president owned 123,684 shares of the company’s stock, valued at approximately $3,705,572.64. This represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dylan C. Smith sold 17,000 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $24.72, for a total transaction of $420,240.00. Following the completion of the sale, the chief financial officer directly owned 1,294,195 shares of the company’s stock, valued at $31,992,500.40. This trade represents a 1.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 84,999 shares of company stock valued at $2,245,779. Insiders own 3.90% of the company’s stock.

Institutional Trading of BOX

Several institutional investors have recently added to or reduced their stakes in the business. First Horizon Corp increased its holdings in shares of BOX by 148.1% in the fourth quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after buying an additional 496 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in BOX during the 4th quarter valued at about $26,000. Salomon & Ludwin LLC bought a new position in BOX during the 3rd quarter worth approximately $32,000. Geneos Wealth Management Inc. bought a new position in BOX during the 1st quarter worth approximately $31,000. Finally, Employees Retirement System of Texas purchased a new position in BOX in the 3rd quarter worth approximately $35,000. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Price Performance

Shares of NYSE:BOX opened at $24.88 on Friday. The company’s fifty day moving average price is $25.35 and its 200-day moving average price is $29.43. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 42.16, a PEG ratio of 1.21 and a beta of 0.80. BOX has a one year low of $21.61 and a one year high of $38.80.

BOX (NYSE:BOX) last posted its quarterly earnings data on Tuesday, March 3rd. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.16. BOX had a net margin of 9.80% and a negative return on equity of 23.61%. The company had revenue of $305.88 million during the quarter, compared to the consensus estimate of $305.64 million. During the same period in the previous year, the firm posted $0.42 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts expect that BOX will post 0.27 EPS for the current year.

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.