Box, Inc. (NYSE:BOX) Receives $35.89 Average Price Target from Analysts

Shares of Box, Inc. (NYSE:BOX - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eleven ratings firms that are presently 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 eight have issued a buy rating on the company. The average 1 year target price 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. Citigroup upped their price target on BOX from $34.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. StockNews.com raised BOX from a "buy" rating to a "strong-buy" rating in a research note on Friday, December 13th. Morgan Stanley raised their target price on BOX from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, December 4th. William Blair reiterated an "outperform" rating on shares of BOX in a report on Thursday, November 14th. Finally, Royal Bank of Canada reissued an "underperform" rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, December 4th.

BOX Price Performance

BOX traded up $0.07 on Thursday, reaching $32.06. 1,609,858 shares of the company's stock were exchanged, compared to its average volume of 2,004,442. BOX has a twelve month low of $24.28 and a twelve month high of $35.74. The stock has a market cap of $4.61 billion, a PE ratio of 40.08 and a beta of 0.86. The stock's fifty day moving average price is $33.10 and its 200-day moving average price is $30.28.

Insider Activity at BOX

In other news, Director Jack R. Lazar sold 2,500 shares of BOX stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the completion of the sale, the director now directly owns 26,697 shares of the company's stock, valued at approximately $927,720.75. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $32.52, for a total value of $422,760.00. Following the transaction, the chief financial officer now directly owns 1,474,509 shares in the company, valued at approximately $47,951,032.68. The trade was a 0.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,178 shares of company stock worth $2,046,898. Company insiders own 4.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BOX. Itau Unibanco Holding S.A. purchased a new stake in BOX during the 3rd quarter worth approximately $36,000. Quarry LP grew its stake in shares of BOX by 324.6% in the second quarter. Quarry LP now owns 1,418 shares of the software maker's stock worth $37,000 after acquiring an additional 1,084 shares in the last quarter. GAMMA Investing LLC increased its position in shares of BOX by 143.1% during the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker's stock worth $44,000 after acquiring an additional 787 shares during the period. Toronto Dominion Bank acquired a new stake in shares of BOX in the second quarter valued at $53,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker's stock valued at $69,000 after acquiring an additional 632 shares in the last quarter. Hedge funds and other institutional investors 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.