Box, Inc. (NYSE:BOX) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Box, Inc. (NYSE:BOX - Get Free Report) have received an average recommendation of "Moderate Buy" from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. One equities 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 12 month price target among brokers that have issued ratings on the stock in the last year is $31.22.

BOX has been the subject of a number of research reports. William Blair reiterated an "outperform" rating on shares of BOX in a research report on Thursday, November 14th. Morgan Stanley boosted their target price on shares of BOX from $30.00 to $33.00 and gave the stock an "equal weight" rating in a report on Thursday, September 5th. StockNews.com raised shares of BOX from a "buy" rating to a "strong-buy" rating in a report on Thursday, August 15th. Citigroup boosted their price objective on BOX from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, August 28th. 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, August 28th.

BOX Price Performance

Shares of BOX stock traded up $0.77 during mid-day trading on Friday, hitting $34.28. The company had a trading volume of 1,797,600 shares, compared to its average volume of 1,573,194. The stock's 50 day moving average price is $32.77 and its 200-day moving average price is $29.42. BOX has a 52-week low of $23.29 and a 52-week high of $35.07. The company has a market capitalization of $4.91 billion, a P/E ratio of 43.39 and a beta of 0.85.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The business had revenue of $270.04 million during the quarter, compared to the consensus estimate of $269.52 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The business's revenue was up 3.3% on a year-over-year basis. On average, equities research analysts expect that BOX will post 0.23 earnings per share for the current year.

Insider Buying and Selling at BOX

In other news, CEO Aaron Levie sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total transaction of $329,200.00. Following the transaction, the chief executive officer now directly owns 3,009,155 shares of the company's stock, valued at approximately $99,061,382.60. This trade represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the business's stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $32.52, for a total value of $422,760.00. Following the completion of the sale, the chief financial officer now owns 1,474,509 shares of the company's stock, valued at $47,951,032.68. The trade was a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,500 shares of company stock valued at $1,939,895 in the last quarter. 4.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. bought a new position in shares of BOX during the third quarter valued at approximately $36,000. GAMMA Investing LLC lifted its holdings in 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 buying an additional 787 shares during the period. Quarry LP boosted its position in BOX by 324.6% during the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker's stock valued at $37,000 after acquiring an additional 1,084 shares in the last quarter. Toronto Dominion Bank purchased a new position in shares of BOX in the 2nd quarter valued at $53,000. Finally, Farther Finance Advisors LLC raised its position in shares of BOX by 245.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker's stock worth $71,000 after acquiring an additional 1,536 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.