Brokerages Set Box, Inc. (NYSE:BOX) Price Target at $38.00

Shares of Box, Inc. (NYSE:BOX) have earned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $38.00.

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of BOX in a report on Monday, December 29th. DA Davidson reaffirmed a “buy” rating and set a $45.00 target price on shares of BOX in a research report on Wednesday, December 3rd.

BOX Trading Down 0.4%

Shares of BOX stock opened at $22.69 on Tuesday. BOX has a twelve month low of $22.42 and a twelve month high of $38.80. The stock has a fifty day simple moving average of $27.18 and a two-hundred day simple moving average of $30.24. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 1.31 and a beta of 0.79.

Insider Buying and Selling

In other BOX news, COO Olivia Nottebohm sold 4,612 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $26.04, for a total value of $120,096.48. Following the completion of the transaction, the chief operating officer directly owned 469,831 shares in the company, valued at approximately $12,234,399.24. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jack R. Lazar sold 2,500 shares of the firm’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 completion of the sale, the director owned 25,355 shares in the company, valued at $805,528.35. This represents a 8.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 82,887 shares of company stock valued at $2,399,707 over the last three months. Corporate insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On BOX

Several institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC boosted its position in shares of BOX by 25.6% in the 3rd quarter. CWM LLC now owns 1,503 shares of the software maker’s stock worth $49,000 after purchasing an additional 306 shares in the last quarter. Portside Wealth Group LLC raised its stake in BOX by 3.6% in the second quarter. Portside Wealth Group LLC now owns 10,380 shares of the software maker’s stock valued at $355,000 after buying an additional 361 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in BOX by 1.4% in the fourth 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of BOX by 8.6% during the fourth 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 last quarter. Finally, Aviva PLC increased its holdings in shares of BOX by 3.4% during the second 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. 86.74% of the stock is owned by hedge funds and other institutional investors.

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.