StockNews.com Upgrades BOX (NYSE:BOX) to “Strong-Buy”

BOX (NYSE:BOX) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

BOX has been the topic of a number of other research reports. William Blair reaffirmed an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price objective on shares of BOX in a report on Wednesday, December 4th. Citigroup increased their target price on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Morgan Stanley boosted their price target on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 4th. Finally, Monness Crespi & Hardt raised BOX to a “hold” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, BOX currently has an average rating of “Moderate Buy” and an average target price of $34.75.

BOX Stock Down 1.6 %

NYSE BOX traded down $0.54 during trading on Friday, hitting $32.48. The company’s stock had a trading volume of 949,039 shares, compared to its average volume of 2,009,821. BOX has a 52 week low of $24.28 and a 52 week high of $35.74. The firm has a market cap of $4.65 billion, a P/E ratio of 40.60 and a beta of 0.86. The firm has a 50 day moving average price of $33.10 and a 200 day moving average price of $30.14.

Insider Buying and Selling at BOX

In related news, Director Daniel J. Levin sold 5,886 shares of BOX stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $32.50, for a total transaction 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 $1,674,725. This trade represents a 10.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.21, for a total transaction of $444,730.00. Following the completion of the transaction, the chief financial officer now owns 1,461,509 shares in the company, valued at approximately $49,998,222.89. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,386 shares of company stock valued at $1,891,350. 4.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Franklin Resources Inc. increased its holdings in BOX by 8.2% during the 3rd quarter. Franklin Resources Inc. now owns 21,823 shares of the software maker’s stock valued at $712,000 after purchasing an additional 1,646 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of BOX by 24.5% during the third quarter. Sanctuary Advisors LLC now owns 35,352 shares of the software maker’s stock worth $1,212,000 after purchasing an additional 6,965 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of BOX by 13.1% in the third quarter. Coldstream Capital Management Inc. now owns 14,546 shares of the software maker’s stock valued at $476,000 after buying an additional 1,690 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of BOX by 0.4% in the third quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock valued at $106,387,000 after buying an additional 13,028 shares during the last quarter. Finally, MML Investors Services LLC acquired a new position in BOX during the 3rd quarter worth about $266,000. Institutional investors own 86.74% of the company’s stock.

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.