Box, Inc. (NYSE:BOX) Receives $30.33 Average Price Target from Analysts

Shares of Box, Inc. (NYSE:BOX) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $30.33.

Several analysts have issued reports on BOX shares. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 11th. Morgan Stanley decreased their target price on BOX from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $35.00 price target on shares of BOX in a report on Wednesday, May 29th. UBS Group decreased their price objective on BOX from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $21.00 price objective on shares of BOX in a research report on Wednesday, May 29th.

BOX Stock Performance

NYSE BOX opened at $28.03 on Monday. The stock has a market capitalization of $4.05 billion, a PE ratio of 38.40, a P/E/G ratio of 7.19 and a beta of 0.86. The stock has a 50-day simple moving average of $26.34 and a 200 day simple moving average of $26.75. BOX has a twelve month low of $23.29 and a twelve month high of $31.94.

BOX (NYSE:BOX) last posted its quarterly earnings data on Tuesday, May 28th. The software maker reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $264.66 million during the quarter, compared to analysts’ expectations of $261.65 million. BOX had a negative return on equity of 11.71% and a net margin of 13.13%. As a group, equities research analysts forecast that BOX will post 0.19 EPS for the current fiscal year.

Insider Transactions at BOX

In related news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $24.97, for a total value of $324,610.00. Following the sale, the chief financial officer now owns 1,526,661 shares of the company’s stock, valued at approximately $38,120,725.17. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Eli Berkovitch sold 3,300 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $25.90, for a total value of $85,470.00. Following the sale, the vice president now owns 152,372 shares of the company’s stock, valued at approximately $3,946,434.80. The transaction was disclosed in a legal filing with the SEC, 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 dated Wednesday, July 10th. The shares were sold at an average price of $24.97, for a total transaction of $324,610.00. Following the completion of the transaction, the chief financial officer now owns 1,526,661 shares in the company, valued at $38,120,725.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,560 shares of company stock valued at $1,543,830. Corporate insiders own 4.10% of the company’s stock.

Institutional Trading of BOX

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in BOX by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock worth $490,329,000 after acquiring an additional 2,249,082 shares during the last quarter. UBS Group AG boosted its stake in BOX by 404.3% in the fourth quarter. UBS Group AG now owns 1,001,086 shares of the software maker’s stock worth $25,638,000 after purchasing an additional 802,564 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of BOX by 4,889.2% during the first quarter. Principal Financial Group Inc. now owns 813,234 shares of the software maker’s stock worth $23,031,000 after purchasing an additional 796,934 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of BOX in the fourth quarter valued at $19,606,000. Finally, Earnest Partners LLC increased its stake in shares of BOX by 10.5% in the first quarter. Earnest Partners LLC now owns 7,340,474 shares of the software maker’s stock valued at $207,882,000 after buying an additional 699,882 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.