Brokerages Set Box, Inc. (NYSE:BOX) PT at $30.33

Shares of Box, Inc. (NYSE:BOX) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat 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 objective among brokers that have issued a report on the stock in the last year is $30.33.

Several equities analysts have recently issued reports on BOX shares. TheStreet raised BOX from a “c” rating to a “b” rating in a research note on Tuesday, March 5th. Oppenheimer restated an “outperform” rating and set a $35.00 price target on shares of BOX in a research report on Wednesday, May 29th. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 11th. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price target on shares of BOX in a research report on Wednesday, May 29th. Finally, JPMorgan Chase & Co. boosted their target price on BOX from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th.

BOX Price Performance

Shares of BOX stock opened at $26.44 on Thursday. The business’s 50 day simple moving average is $26.42 and its two-hundred day simple moving average is $26.62. The stock has a market capitalization of $3.82 billion, a P/E ratio of 36.22, a price-to-earnings-growth ratio of 7.54 and a beta of 0.83. BOX has a one year low of $23.29 and a one year high of $31.94.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, May 28th. The software maker reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. BOX had a negative return on equity of 11.71% and a net margin of 13.13%. The firm had revenue of $264.66 million for the quarter, compared to analysts’ expectations of $261.65 million. Sell-side analysts expect that BOX will post 0.17 earnings per share for the current fiscal year.

Insider Transactions at BOX

In other news, VP Eli Berkovitch sold 3,300 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $25.90, for a total value of $85,470.00. Following the completion of the transaction, the vice president now owns 152,372 shares in the company, valued at $3,946,434.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Eli Berkovitch sold 3,300 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $25.90, for a total value of $85,470.00. Following the completion of the transaction, the vice president now owns 152,372 shares in the company, valued at $3,946,434.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $26.08, for a total value of $339,040.00. Following the completion of the transaction, the chief financial officer now owns 1,565,912 shares of the company’s stock, valued at approximately $40,838,984.96. The disclosure for this sale can be found here. Insiders sold 42,300 shares of company stock worth $1,122,350 over the last quarter. 4.10% of the stock is currently owned by insiders.

Institutional Trading of BOX

A number of hedge funds have recently bought and sold shares of the company. Cornercap Investment Counsel Inc. increased its position in BOX by 2.1% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 18,189 shares of the software maker’s stock valued at $466,000 after acquiring an additional 376 shares during the last quarter. Dana Investment Advisors Inc. increased its position in BOX by 0.9% during the third quarter. Dana Investment Advisors Inc. now owns 57,348 shares of the software maker’s stock valued at $1,388,000 after acquiring an additional 531 shares during the last quarter. Renaissance Group LLC increased its position in BOX by 1.0% during the fourth quarter. Renaissance Group LLC now owns 70,731 shares of the software maker’s stock valued at $1,812,000 after acquiring an additional 671 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in BOX by 14.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,207 shares of the software maker’s stock valued at $154,000 after acquiring an additional 782 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in BOX by 9.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,661 shares of the software maker’s stock valued at $247,000 after acquiring an additional 841 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

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.