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

Box, Inc. (NYSE:BOX) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $30.89.

A number of analysts have recently weighed in on the stock. KeyCorp lowered their price target on shares of BOX from $33.00 to $30.00 and set an “overweight” rating on the stock in a report on Wednesday, December 6th. JMP Securities reiterated a “market outperform” rating and issued a $32.00 target price on shares of BOX in a research note on Wednesday, March 20th. UBS Group lifted their target price on shares of BOX from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Citigroup lifted their target price on shares of BOX from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Morgan Stanley lowered their target price on shares of BOX from $35.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, December 6th.

BOX Price Performance

Shares of BOX stock opened at $28.24 on Tuesday. BOX has a 1 year low of $23.29 and a 1 year high of $31.94. The firm’s 50-day moving average is $27.06 and its two-hundred day moving average is $25.86. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 42.15, a PEG ratio of 8.73 and a beta of 0.83.

Insider Buying and Selling

In related news, CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $29.47, for a total value of $294,700.00. Following the completion of the sale, the chief executive officer now owns 3,048,653 shares of the company’s stock, valued at approximately $89,843,803.91. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $29.47, for a total value of $294,700.00. Following the completion of the sale, the chief executive officer now owns 3,048,653 shares of the company’s stock, valued at approximately $89,843,803.91. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $24.91, for a total transaction of $323,830.00. Following the sale, the chief financial officer now directly owns 1,421,702 shares in the company, valued at approximately $35,414,596.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,410 shares of company stock valued at $3,641,249. 4.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BOX

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOX. Fairfield Bush & CO. acquired a new stake in BOX during the 1st quarter worth $29,000. Cambridge Investment Research Advisors Inc. acquired a new stake in BOX during the 1st quarter worth $206,000. Natixis Advisors L.P. boosted its stake in BOX by 54.5% during the 1st quarter. Natixis Advisors L.P. now owns 22,540 shares of the software maker’s stock worth $655,000 after purchasing an additional 7,953 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of BOX by 55.3% during the 1st quarter. MetLife Investment Management LLC now owns 74,326 shares of the software maker’s stock valued at $2,160,000 after acquiring an additional 26,459 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of BOX by 18.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,091,273 shares of the software maker’s stock valued at $31,713,000 after acquiring an additional 170,949 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.