Box, Inc. (NYSE:BOX) Receives $35.89 Consensus Price Target from Brokerages

Box, Inc. (NYSE:BOX) has been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $35.89.

BOX has been the subject of a number of analyst reports. UBS Group upped their target price on shares of BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. DA Davidson assumed coverage on BOX in a report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price objective for the company. William Blair reiterated an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. Citigroup increased their price target on BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley lifted their price objective on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 4th.

Insider Activity at BOX

In other news, VP Eli Berkovitch sold 4,792 shares of the business’s 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. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $32.33, for a total value of $420,290.00. Following the completion of the transaction, the chief financial officer now owns 1,448,509 shares of the company’s stock, valued at $46,830,295.97. This trade represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,178 shares of company stock valued at $2,046,898 over the last ninety days. Insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On BOX

A number of large investors have recently made changes to their positions in BOX. Earnest Partners LLC grew its position in BOX by 8.5% during the 2nd quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock worth $210,487,000 after purchasing an additional 620,450 shares in the last quarter. State Street Corp boosted its position in shares of BOX by 1.2% in the third quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock worth $184,042,000 after buying an additional 69,107 shares during the period. Geode Capital Management LLC grew its holdings in shares of BOX by 0.4% during 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 in the last quarter. Sei Investments Co. raised its position in BOX by 4.2% during the second quarter. Sei Investments Co. now owns 3,078,857 shares of the software maker’s stock valued at $81,405,000 after buying an additional 125,435 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in BOX by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock worth $67,809,000 after acquiring an additional 229,314 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Stock Performance

Shares of BOX opened at $32.02 on Thursday. BOX has a 1 year low of $24.28 and a 1 year high of $35.74. The firm has a fifty day moving average of $33.04 and a 200-day moving average of $30.45. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 40.03 and a beta of 0.86.

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.