William Blair Reaffirms “Outperform” Rating for BOX (NYSE:BOX)

BOX (NYSE:BOX)‘s stock had its “outperform” rating restated by research analysts at William Blair in a research report issued on Thursday,RTT News reports.

BOX has been the topic of a number of other reports. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 price target on shares of BOX in a research note on Wednesday, August 28th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. UBS Group lifted their price target on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Monness Crespi & Hardt raised BOX to a “hold” rating in a research note on Friday, August 16th. Finally, Citigroup boosted their price objective on BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.22.

BOX Price Performance

BOX stock traded down $0.39 during trading on Thursday, hitting $34.28. 1,621,800 shares of the company traded hands, compared to its average volume of 1,992,483. The company has a market cap of $4.91 billion, a PE ratio of 43.39 and a beta of 0.85. BOX has a 1 year low of $23.29 and a 1 year high of $35.07. The stock’s 50-day simple moving average is $32.65 and its 200 day simple moving average is $29.04.

BOX (NYSE:BOX) last posted its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $270.04 million during the quarter, compared to analysts’ expectations 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 was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 earnings per share. Research analysts expect that BOX will post 0.23 earnings per share for the current year.

Insider Transactions at BOX

In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.21, for a total transaction of $444,730.00. Following the transaction, the chief financial officer now owns 1,461,509 shares of the company’s stock, valued at approximately $49,998,222.89. This represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total value of $329,200.00. Following the transaction, the chief executive officer now directly owns 3,009,155 shares in the company, valued at approximately $99,061,382.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,000 shares of company stock worth $1,853,020. 4.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BOX

Hedge funds have recently bought and sold shares of the stock. Quarry LP raised its position in BOX by 324.6% in the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after purchasing an additional 1,084 shares in the last quarter. GAMMA Investing LLC raised its position in BOX by 143.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after purchasing an additional 787 shares in the last quarter. Toronto Dominion Bank acquired a new stake in BOX in the 2nd quarter valued at about $53,000. 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 in the last quarter. Finally, Farther Finance Advisors LLC raised its position in BOX by 245.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after purchasing an additional 1,536 shares in the last quarter. Institutional investors and hedge funds 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.