Analysts Set Box, Inc. (NYSE:BOX) PT at $35.89

Shares of Box, Inc. (NYSE:BOX - Get Free Report) have been given an average rating of "Moderate Buy" by the eleven research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $35.89.

Several equities research analysts have recently issued reports on the stock. 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. StockNews.com lowered BOX from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. Bank of America began coverage on shares of BOX in a research note on Thursday, December 12th. They set a "buy" rating and a $40.00 price objective for the company. Citigroup raised their price target on BOX from $34.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Finally, UBS Group increased their price objective on BOX from $34.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, December 4th.

BOX Stock Performance

Shares of BOX traded up $0.41 during midday trading on Monday, hitting $31.23. 1,846,807 shares of the company traded hands, compared to its average volume of 1,490,111. The firm has a 50 day moving average of $32.87 and a 200-day moving average of $30.99. BOX has a 52 week low of $24.56 and a 52 week high of $35.74. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 39.04 and a beta of 0.89.

Insider Transactions at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.21, for a total value of $444,730.00. Following the sale, the chief financial officer now owns 1,461,509 shares of the company's stock, valued at $49,998,222.89. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Olivia Nottebohm sold 12,414 shares of the firm's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $31.85, for a total value of $395,385.90. Following the transaction, the chief operating officer now directly owns 453,146 shares of the company's stock, valued at $14,432,700.10. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,383 shares of company stock worth $2,571,983 over the last 90 days. 4.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BOX

Several hedge funds have recently made changes to their positions in BOX. Itau Unibanco Holding S.A. purchased a new stake in BOX during the third quarter valued at about $36,000. Quarry LP lifted its position in BOX by 324.6% during the 2nd 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 boosted its stake in shares of BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker's stock valued at $44,000 after purchasing an additional 787 shares during the period. Toronto Dominion Bank acquired a new stake in shares of BOX during the second quarter valued at about $53,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of BOX by 245.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker's stock valued at $71,000 after buying an additional 1,536 shares during 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.