BOX (NYSE:BOX) Upgraded at StockNews.com

StockNews.com upgraded shares of BOX (NYSE:BOX) from a buy rating to a strong-buy rating in a research report released on Friday morning.

Several other research analysts have also commented on the stock. William Blair restated an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. UBS Group upped their price target on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Citigroup boosted their target price on BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Bank of America began coverage on BOX in a report on Thursday. They set a “buy” rating and a $40.00 price target on the stock. Finally, Royal Bank of Canada restated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.75.

BOX Stock Down 1.6 %

BOX stock opened at $32.49 on Friday. The company has a 50 day moving average of $33.10 and a two-hundred day moving average of $30.20. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 40.61 and a beta of 0.86. BOX has a 12-month low of $24.28 and a 12-month high of $35.74.

Insider Buying and Selling at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $32.33, for a total transaction of $420,290.00. Following the sale, the chief financial officer now directly owns 1,448,509 shares of the company’s stock, valued at approximately $46,830,295.97. The trade was a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel J. Levin sold 5,886 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $32.50, for a total value of $191,295.00. Following the completion of the transaction, the director now directly owns 51,530 shares of the company’s stock, valued at approximately $1,674,725. The trade was a 10.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 57,386 shares of company stock valued at $1,891,350 in the last quarter. Corporate insiders own 4.10% of the company’s stock.

Institutional Trading of BOX

Large investors have recently bought and sold shares of the stock. Glenmede Trust Co. NA grew its holdings in shares of BOX by 1.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 34,107 shares of the software maker’s stock worth $1,116,000 after purchasing an additional 535 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of BOX by 3.7% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,831 shares of the software maker’s stock valued at $419,000 after acquiring an additional 560 shares during the last quarter. Connable Office Inc. boosted its holdings in shares of BOX by 3.8% in the 2nd quarter. Connable Office Inc. now owns 15,707 shares of the software maker’s stock worth $415,000 after acquiring an additional 573 shares in the last quarter. Creative Planning grew its position in BOX by 4.2% during the 3rd quarter. Creative Planning now owns 15,743 shares of the software maker’s stock worth $515,000 after acquiring an additional 631 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in BOX by 31.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after purchasing an additional 632 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.

BOX Company Profile

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.