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

Shares of Box, Inc. (NYSE:BOX) have been given a consensus recommendation of “Hold” by the nine research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $38.00.

Several analysts have recently commented on BOX shares. Zacks Research downgraded shares of BOX from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of BOX in a research note on Monday, December 29th. DA Davidson reissued a “buy” rating and set a $45.00 price objective on shares of BOX in a research report on Wednesday, December 3rd. Finally, UBS Group lowered BOX from a “buy” rating to a “neutral” rating and decreased their target price for the company from $42.00 to $36.00 in a research report on Thursday, September 18th.

BOX Price Performance

Shares of BOX stock opened at $28.87 on Monday. The stock’s 50-day moving average is $30.69 and its 200 day moving average is $31.96. BOX has a one year low of $28.00 and a one year high of $38.80. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 2.29 and a beta of 0.80.

Insider Transactions at BOX

In related news, CEO Aaron Levie sold 15,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $30.53, for a total value of $457,950.00. Following the transaction, the chief executive officer directly owned 2,922,030 shares in the company, valued at $89,209,575.90. This trade represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Olivia Nottebohm sold 4,612 shares of the business’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $29.84, for a total transaction of $137,622.08. Following the sale, the chief operating officer owned 474,443 shares of the company’s stock, valued at $14,157,379.12. This trade represents a 0.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 95,611 shares of company stock valued at $3,015,690 over the last ninety days. Company insiders own 3.90% of the company’s stock.

Institutional Investors Weigh In On BOX

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its stake in BOX by 7,130.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock valued at $25,000 after purchasing an additional 713 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in shares of BOX in the first quarter valued at approximately $31,000. Salomon & Ludwin LLC bought a new stake in BOX during the third quarter worth $32,000. Employees Retirement System of Texas purchased a new stake in BOX in the 3rd quarter valued at $35,000. Finally, CIBC Private Wealth Group LLC raised its position in BOX by 1,778.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock valued at $39,000 after buying an additional 1,138 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

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.