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

Shares of Box, Inc. (NYSE:BOX) have received a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $38.50.

BOX has been the topic of several analyst reports. UBS Group upgraded BOX from a “buy” rating to a “strong-buy” rating and raised their target price for the company from $37.00 to $40.00 in a research report on Wednesday, May 28th. Wall Street Zen cut BOX from a “buy” rating to a “hold” rating in a research report on Sunday, June 29th. Morgan Stanley restated a “positive” rating on shares of BOX in a research report on Wednesday, May 28th. JPMorgan Chase & Co. lifted their price target on BOX from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, May 28th. Finally, DA Davidson set a $45.00 price objective on BOX and gave the stock a “buy” rating in a research note on Wednesday, May 28th.

Insiders Place Their Bets

In related news, Director Bethany Mayer sold 5,123 shares of the company’s stock in a transaction on Monday, June 30th. The stock was sold at an average price of $34.06, for a total transaction of $174,489.38. Following the transaction, the director directly owned 15,284 shares of the company’s stock, valued at approximately $520,573.04. The trade was a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $31.52, for a total value of $409,760.00. Following the transaction, the chief financial officer directly owned 1,520,550 shares in the company, valued at $47,927,736. The trade was a 0.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,177 shares of company stock worth $3,426,835. Corporate insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BOX. Quantinno Capital Management LP purchased a new position in BOX in the fourth quarter valued at about $289,000. SG Americas Securities LLC grew its stake in BOX by 420.1% in the first quarter. SG Americas Securities LLC now owns 30,067 shares of the software maker’s stock valued at $928,000 after purchasing an additional 24,286 shares in the last quarter. Integrated Quantitative Investments LLC purchased a new position in BOX in the fourth quarter valued at about $1,418,000. GAMMA Investing LLC grew its stake in BOX by 8,676.2% in the first quarter. GAMMA Investing LLC now owns 127,606 shares of the software maker’s stock valued at $4,135,000 after purchasing an additional 126,152 shares in the last quarter. Finally, Krilogy Financial LLC purchased a new position in BOX in the first quarter valued at about $387,000. 86.74% of the stock is owned by institutional investors and hedge funds.

BOX Trading Up 1.3%

Shares of NYSE BOX opened at $33.26 on Monday. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 25.78 and a beta of 0.90. BOX has a 12-month low of $24.63 and a 12-month high of $38.80. The stock’s 50 day simple moving average is $33.79 and its 200 day simple moving average is $32.51.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, May 27th. The software maker reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. BOX had a negative return on equity of 20.17% and a net margin of 21.38%. The firm had revenue of $276.27 million for the quarter, compared to analysts’ expectations of $274.77 million. During the same period last year, the firm earned $0.39 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts forecast that BOX will post 0.27 earnings per share for the current fiscal year.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.