Brokerages Set Box, Inc. (NYSE:BOX) PT at $35.57

Box, Inc. (NYSE:BOX) has received a consensus rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $35.5714.

Several analysts have recently commented on BOX shares. DA Davidson reiterated a “buy” rating and issued a $45.00 price target on shares of BOX in a research report on Wednesday, December 3rd. UBS Group cut their price objective on BOX from $31.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, March 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BOX in a research note on Monday, December 29th. Citigroup lowered their target price on BOX from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Finally, Wall Street Zen raised BOX from a “hold” rating to a “strong-buy” rating in a research report on Saturday.

Insider Activity at BOX

In related news, CFO Dylan C. Smith sold 17,000 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $24.72, for a total transaction of $420,240.00. Following the sale, the chief financial officer owned 1,294,195 shares of the company’s stock, valued at $31,992,500.40. This trade represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $24.72, for a total value of $370,800.00. Following the sale, the chief executive officer owned 2,907,030 shares of the company’s stock, valued at approximately $71,861,781.60. This represents a 0.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 79,836 shares of company stock valued at $2,091,096 over the last quarter. Insiders own 3.90% of the company’s stock.

Institutional Investors Weigh In On BOX

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC raised its position in shares of BOX by 25.6% in the third quarter. CWM LLC now owns 1,503 shares of the software maker’s stock valued at $49,000 after buying an additional 306 shares during the last quarter. Portside Wealth Group LLC boosted its position 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 acquiring an additional 361 shares during the last quarter. Linden Thomas Advisory Services LLC grew its stake 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 worth $816,000 after acquiring an additional 387 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in BOX by 8.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,093 shares of the software maker’s stock worth $147,000 after acquiring an additional 405 shares during the period. Finally, Aviva PLC raised its holdings in BOX by 3.4% in 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 during the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Stock Down 2.2%

BOX stock opened at $24.35 on Friday. The firm has a market capitalization of $3.49 billion, a PE ratio of 41.26, a P/E/G ratio of 1.22 and a beta of 0.80. BOX has a 52 week low of $21.61 and a 52 week high of $38.80. The firm’s 50-day simple moving average is $25.26 and its 200 day simple moving average is $29.34.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, March 3rd. The software maker reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.16. The firm had revenue of $305.88 million during the quarter, compared to the consensus estimate of $305.64 million. BOX had a net margin of 9.80% and a negative return on equity of 23.61%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $0.42 EPS. On average, research analysts expect that BOX will post 0.27 EPS for the current fiscal year.

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.