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

Box, Inc. (NYSE:BOX) has received a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $30.89.

A number of equities research analysts have weighed in on BOX shares. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. TheStreet raised BOX from a “c” rating to a “b” rating in a research note on Tuesday, March 5th. UBS Group lifted their price objective on BOX from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. JMP Securities reissued a “market outperform” rating and set a $32.00 target price on shares of BOX in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of BOX from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th.

BOX Stock Up 0.2 %

NYSE BOX opened at $26.45 on Wednesday. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 39.47, a price-to-earnings-growth ratio of 8.86 and a beta of 0.85. BOX has a twelve month low of $23.29 and a twelve month high of $31.94. The business’s fifty day moving average is $27.65 and its 200 day moving average is $26.33.

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

Insider Buying and Selling

In other news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $27.30, for a total transaction of $354,900.00. Following the transaction, the chief financial officer now owns 1,578,912 shares in the company, valued at $43,104,297.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $27.30, for a total transaction of $354,900.00. Following the completion of the sale, the chief financial officer now owns 1,578,912 shares in the company, valued at $43,104,297.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the company’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 value of $294,700.00. Following the transaction, the chief executive officer now directly owns 3,048,653 shares in the company, valued at $89,843,803.91. The disclosure for this sale can be found here. Insiders have sold a total of 133,660 shares of company stock valued at $3,792,204 over the last ninety days. 4.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BOX

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. increased its holdings in BOX by 8.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 8,737 shares of the software maker’s stock worth $212,000 after purchasing an additional 682 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in BOX by 13.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 67,794 shares of the software maker’s stock valued at $1,641,000 after buying an additional 7,946 shares during the last quarter. Mackenzie Financial Corp lifted its stake in BOX by 17.0% during the 3rd quarter. Mackenzie Financial Corp now owns 337,252 shares of the software maker’s stock valued at $8,215,000 after acquiring an additional 48,913 shares in the last quarter. Park Avenue Securities LLC purchased a new position in BOX during the 3rd quarter worth $218,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of BOX by 9.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,820 shares of the software maker’s stock worth $214,000 after acquiring an additional 797 shares in the last quarter. 86.74% of the stock is owned by institutional investors.

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.