Box, Inc. (NYSE:BOX) Receives $30.89 Average PT from Brokerages

Box, Inc. (NYSE:BOX) has earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $30.89.

Several analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of BOX from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. TheStreet raised shares of BOX from a “c” rating to a “b” rating in a research note on Tuesday, March 5th. UBS Group lifted their price target on shares of BOX from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Citigroup lifted their price target on shares of BOX from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th.

BOX Stock Performance

Shares of BOX stock opened at $26.26 on Friday. BOX has a one year low of $23.29 and a one year high of $31.94. The stock’s fifty day moving average is $27.53 and its 200 day moving average is $26.17. The stock has a market cap of $3.79 billion, a P/E ratio of 39.19, a P/E/G ratio of 9.13 and a beta of 0.84.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, March 5th. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. BOX had a negative return on equity of 9.46% and a net margin of 12.43%. The business had revenue of $262.88 million during the quarter, compared to analyst estimates of $262.92 million. Analysts predict that BOX will post 0.15 EPS for the current year.

Insider Activity at BOX

In other news, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $29.47, for a total transaction of $294,700.00. Following the completion of the sale, the chief executive officer now owns 3,048,653 shares in the company, valued at approximately $89,843,803.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $27.47, for a total transaction of $357,110.00. Following the completion of the sale, the chief financial officer now owns 1,408,702 shares in the company, valued at approximately $38,697,043.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $29.47, for a total transaction of $294,700.00. Following 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 disclosure for this sale can be found here. In the last quarter, insiders sold 133,660 shares of company stock valued at $3,792,204. Corporate insiders own 4.90% of the company’s stock.

Institutional Trading of BOX

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in BOX by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 15,064,800 shares of the software maker’s stock valued at $385,810,000 after buying an additional 159,111 shares during the period. Earnest Partners LLC boosted its position in BOX by 1.2% in the 3rd quarter. Earnest Partners LLC now owns 6,132,385 shares of the software maker’s stock valued at $148,465,000 after buying an additional 70,129 shares during the period. RGM Capital LLC boosted its position in BOX by 6.9% in the 3rd quarter. RGM Capital LLC now owns 5,449,887 shares of the software maker’s stock valued at $131,942,000 after buying an additional 349,976 shares during the period. Macquarie Group Ltd. boosted its position in BOX by 4.9% in the 1st quarter. Macquarie Group Ltd. now owns 3,379,511 shares of the software maker’s stock valued at $90,537,000 after buying an additional 158,270 shares during the period. Finally, State Street Corp lifted its position in shares of BOX by 4.0% during the 2nd quarter. State Street Corp now owns 3,174,174 shares of the software maker’s stock worth $93,257,000 after purchasing an additional 123,027 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.