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

Shares of Box, Inc. (NYSE:BOX) have earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $31.22.

BOX has been the topic of a number of analyst reports. UBS Group raised their price objective on shares of BOX from $31.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Morgan Stanley lifted their price target on BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, August 28th. Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a research note on Friday, August 16th. Finally, StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th.

BOX Price Performance

BOX opened at $32.07 on Wednesday. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 43.93 and a beta of 0.85. The business has a fifty day moving average price of $32.09 and a 200 day moving average price of $28.55. BOX has a 12 month low of $23.29 and a 12 month high of $33.95.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $270.04 million during the quarter, compared to the consensus estimate of $269.52 million. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 earnings per share. On average, research analysts anticipate that BOX will post 0.23 earnings per share for the current year.

Insider Activity at BOX

In other news, Director Jack R. Lazar sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $32.68, for a total value of $228,760.00. Following the completion of the sale, the director now owns 29,197 shares in the company, valued at approximately $954,157.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Jack R. Lazar sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $32.68, for a total transaction of $228,760.00. Following the sale, the director now owns 29,197 shares of the company’s stock, valued at $954,157.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $27.05, for a total value of $351,650.00. Following the sale, the chief financial officer now owns 1,513,661 shares in the company, valued at approximately $40,944,530.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,000 shares of company stock worth $1,759,940 in the last three months. Insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BOX. GAMMA Investing LLC increased its position in BOX by 143.1% during the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after purchasing an additional 787 shares during the last quarter. Quarry LP grew its stake in shares of BOX by 324.6% during the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after buying an additional 1,084 shares during the period. Toronto Dominion Bank acquired a new stake in shares of BOX during the 2nd quarter worth $53,000. Farther Finance Advisors LLC raised its position in shares of BOX by 245.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after buying an additional 1,536 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in BOX by 31.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after acquiring an additional 632 shares during the period. 86.74% of the stock is currently owned by hedge funds and other 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.