Box, Inc. (NYSE:BOX) Receives Average Recommendation of "Moderate Buy" from Brokerages

Box, Inc. (NYSE:BOX - Get Free Report) has received a consensus rating of "Moderate Buy" from the eleven analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $35.89.

BOX has been the subject of several research analyst reports. William Blair restated an "outperform" rating on shares of BOX in a report on Thursday, November 14th. DA Davidson initiated coverage on shares of BOX in a report on Wednesday, December 18th. They issued a "buy" rating and a $45.00 target price for the company. Royal Bank of Canada restated an "underperform" rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, December 4th. Bank of America started coverage on shares of BOX in a research note on Thursday, December 12th. They set a "buy" rating and a $40.00 price target for the company. Finally, Citigroup increased their price target on shares of BOX from $34.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th.

Insiders Place Their Bets

In other BOX news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $32.54, for a total value of $325,400.00. Following the completion of the transaction, the chief executive officer now owns 2,999,155 shares of the company's stock, valued at $97,592,503.70. The trade was a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Olivia Nottebohm sold 12,414 shares of the business's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $31.85, for a total transaction of $395,385.90. Following the transaction, the chief operating officer now directly owns 453,146 shares of the company's stock, valued at approximately $14,432,700.10. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,462 shares of company stock valued at $2,321,234 in the last ninety days. Insiders own 4.10% of the company's stock.

Institutional Investors Weigh In On BOX

Hedge funds and other institutional investors have recently modified their holdings of the stock. Congress Asset Management Co. acquired a new stake in shares of BOX during the third quarter valued at approximately $46,236,000. Jupiter Asset Management Ltd. purchased a new position in BOX during the 4th quarter worth approximately $24,234,000. Fisher Asset Management LLC raised its stake in BOX by 420.6% during the 4th quarter. Fisher Asset Management LLC now owns 857,498 shares of the software maker's stock valued at $27,097,000 after purchasing an additional 692,784 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of BOX in the fourth quarter valued at $8,405,000. Finally, Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of BOX in the fourth quarter worth $5,997,000. 86.74% of the stock is currently owned by institutional investors.

BOX Price Performance

Shares of BOX stock traded up $0.22 during trading hours on Friday, hitting $34.51. The company had a trading volume of 380,394 shares, compared to its average volume of 1,344,274. The company's 50-day moving average is $32.28 and its two-hundred day moving average is $31.83. BOX has a twelve month low of $24.56 and a twelve month high of $35.74. The company has a market cap of $4.96 billion, a P/E ratio of 43.16, a price-to-earnings-growth ratio of 4.40 and a beta of 0.88.

BOX Company Profile

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.