Box, Inc. (NYSE:BOX) Receives $37.11 Consensus PT from Analysts

Shares of Box, Inc. (NYSE:BOX - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eleven research 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 eight have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $37.11.

A number of analysts have commented on the stock. Royal Bank of Canada reaffirmed an "underperform" rating and set a $21.00 target price on shares of BOX in a report on Wednesday, March 19th. Morgan Stanley lifted their price objective on BOX from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, December 4th. UBS Group increased their target price on BOX from $34.00 to $42.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Citigroup boosted their target price on BOX from $34.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Finally, StockNews.com downgraded shares of BOX from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 8th.

BOX Price Performance

Shares of BOX stock traded down $0.16 on Friday, reaching $31.16. 215,150 shares of the stock were exchanged, compared to its average volume of 1,629,201. The stock has a market cap of $4.48 billion, a PE ratio of 38.98, a P/E/G ratio of 4.42 and a beta of 1.00. BOX has a one year low of $24.63 and a one year high of $35.74. The stock has a 50 day moving average price of $32.67 and a 200 day moving average price of $32.62.

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BOX announced that its board has approved a stock repurchase plan on Tuesday, March 4th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the software maker to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling

In related news, VP Eli Berkovitch sold 5,651 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $30.66, for a total transaction of $173,259.66. Following the completion of the transaction, the vice president now directly owns 124,672 shares in the company, valued at approximately $3,822,443.52. This trade represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Olivia Nottebohm sold 6,079 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $31.91, for a total transaction of $193,980.89. Following the transaction, the chief operating officer now directly owns 447,067 shares of the company's stock, valued at $14,265,907.97. This represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,705 shares of company stock valued at $2,375,998. Company insiders own 4.10% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake in shares of BOX by 10.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker's stock worth $44,900,000 after purchasing an additional 134,175 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of BOX by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 164,714 shares of the software maker's stock worth $5,391,000 after acquiring an additional 7,292 shares during the last quarter. Townsquare Capital LLC acquired a new stake in BOX during the 3rd quarter valued at $2,021,000. Bridgewater Associates LP raised its position in shares of BOX by 15.4% in the third quarter. Bridgewater Associates LP now owns 113,272 shares of the software maker's stock valued at $3,707,000 after purchasing an additional 15,119 shares during the period. Finally, Glenmede Trust Co. NA lifted its stake in shares of BOX by 1.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 34,107 shares of the software maker's stock worth $1,116,000 after buying an additional 535 shares during the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

About BOX

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.