Box, Inc. (NYSE:BOX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Box, Inc. (NYSE:BOX) have earned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $35.89.

A number of equities research analysts have issued reports on BOX shares. Morgan Stanley boosted their target price on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. UBS Group boosted their price objective on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. William Blair restated an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Bank of America began coverage on BOX in a report on Thursday, December 12th. They set a “buy” rating and a $40.00 target price for the company. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price target on shares of BOX in a report on Wednesday, December 4th.

Insider Activity at BOX

In other news, Director Daniel J. Levin sold 5,886 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $32.50, for a total value of $191,295.00. Following the transaction, the director now owns 51,530 shares of the company’s stock, valued at $1,674,725. This represents a 10.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Eli Berkovitch sold 4,792 shares of BOX stock in a transaction on Monday, December 16th. The stock was sold at an average price of $32.46, for a total transaction of $155,548.32. Following the sale, the vice president now directly owns 140,172 shares of the company’s stock, valued at $4,549,983.12. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,041 shares of company stock valued at $2,889,758 over the last three months. 4.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BOX

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in BOX in the 3rd quarter worth approximately $36,000. GAMMA Investing LLC grew 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 valued at $44,000 after acquiring an additional 787 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of BOX by 245.4% during the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after acquiring an additional 1,536 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of BOX by 715.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock worth $69,000 after acquiring an additional 1,897 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of BOX in the 4th quarter valued at $132,000. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Stock Up 0.7 %

NYSE BOX opened at $35.35 on Friday. The company’s 50 day moving average is $32.41 and its 200-day moving average is $31.98. The firm has a market cap of $5.08 billion, a P/E ratio of 44.18, a price-to-earnings-growth ratio of 4.40 and a beta of 0.88. BOX has a 12-month low of $24.56 and a 12-month high of $35.74.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.