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

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

A number of research firms recently commented on BOX. DA Davidson reaffirmed a “buy” rating and issued a $45.00 price objective on shares of BOX in a research note on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BOX in a research report on Monday, December 29th.

Insider Activity at BOX

In other BOX news, Director Jack R. Lazar sold 2,500 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $31.77, for a total transaction of $79,425.00. Following the sale, the director directly owned 25,355 shares of the company’s stock, valued at $805,528.35. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Eli Berkovitch sold 5,163 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $29.96, for a total transaction of $154,683.48. Following the sale, the vice president directly owned 123,684 shares in the company, valued at $3,705,572.64. This trade represents a 4.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 82,887 shares of company stock worth $2,399,707 over the last 90 days. Corporate insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its stake in BOX by 7,130.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock worth $25,000 after buying an additional 713 shares in the last quarter. First Horizon Corp increased its holdings in shares of BOX by 148.1% in the 4th quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after purchasing an additional 496 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in BOX in the 4th quarter worth about $26,000. Geneos Wealth Management Inc. purchased a new position in shares of BOX during the first quarter valued at approximately $31,000. Finally, Salomon & Ludwin LLC bought a new position in shares of BOX during the 3rd quarter valued at $32,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Trading Up 1.7%

NYSE:BOX opened at $23.18 on Tuesday. The business’s 50-day moving average price is $27.66 and its two-hundred day moving average price is $30.41. BOX has a 1-year low of $22.55 and a 1-year high of $38.80. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.33 and a beta of 0.80.

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.