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

Box, Inc. (NYSE:BOX) has been given an average rating of “Hold” by the nine research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $38.00.

Several equities research analysts have weighed in on the stock. Zacks Research downgraded shares of BOX from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BOX in a research report on Monday, December 29th. Finally, DA Davidson reaffirmed a “buy” rating and set a $45.00 price target on shares of BOX in a research note on Wednesday, December 3rd.

BOX Stock Up 2.3%

NYSE:BOX opened at $26.63 on Friday. BOX has a twelve month low of $25.74 and a twelve month high of $38.80. The company has a fifty day moving average of $29.53 and a 200-day moving average of $31.38. The firm has a market capitalization of $3.81 billion, a P/E ratio of 21.48, a P/E/G ratio of 2.07 and a beta of 0.80.

Insider Buying and Selling

In other BOX news, VP Eli Berkovitch sold 5,163 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $29.96, for a total value of $154,683.48. Following the transaction, the vice president directly owned 123,684 shares of the company’s stock, valued at approximately $3,705,572.64. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 17,000 shares of the business’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $29.57, for a total transaction of $502,690.00. Following the sale, the chief financial officer directly owned 1,328,195 shares of the company’s stock, valued at approximately $39,274,726.15. The trade was a 1.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 82,887 shares of company stock worth $2,536,567 over the last quarter. Corporate insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On BOX

A number of hedge funds have recently added to or reduced their stakes in the stock. CWM LLC raised its stake in shares of BOX by 25.6% in the third quarter. CWM LLC now owns 1,503 shares of the software maker’s stock worth $49,000 after purchasing an additional 306 shares during the last quarter. Portside Wealth Group LLC grew its holdings in BOX by 3.6% during the second quarter. Portside Wealth Group LLC now owns 10,380 shares of the software maker’s stock worth $355,000 after buying an additional 361 shares in the last quarter. Linden Thomas Advisory Services LLC raised its position in BOX by 1.4% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 27,285 shares of the software maker’s stock valued at $816,000 after buying an additional 387 shares during the last quarter. Aviva PLC lifted its stake in BOX by 3.4% during the 2nd quarter. Aviva PLC now owns 13,488 shares of the software maker’s stock valued at $461,000 after acquiring an additional 442 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in BOX by 1.1% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 40,711 shares of the software maker’s stock worth $1,391,000 after acquiring an additional 461 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Company Profile

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.