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

Shares of Box, Inc. (NYSE:BOX) have been given an average rating of “Moderate Buy” by the eleven analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $35.89.

BOX has been the topic of a number of research reports. DA Davidson initiated coverage on shares of BOX in a research note on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price target on the stock. StockNews.com lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. Citigroup raised their target price 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. Bank of America started coverage on shares of BOX in a research note on Thursday, December 12th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 target price on shares of BOX in a research note on Wednesday, December 4th.

Insider Transactions at BOX

In related news, COO Olivia Nottebohm sold 12,414 shares of BOX stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $31.85, for a total value of $395,385.90. Following the completion of the sale, the chief operating officer now owns 453,146 shares in the company, valued at approximately $14,432,700.10. This trade represents a 2.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $32.54, for a total transaction of $325,400.00. Following the completion of the sale, the chief executive officer now owns 2,999,155 shares of the company’s stock, valued at $97,592,503.70. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,041 shares of company stock worth $2,889,758 in the last 90 days. Insiders own 4.10% of the company’s stock.

Institutional Trading of BOX

Several institutional investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp increased its holdings in BOX by 28.2% in the 4th quarter. Mackenzie Financial Corp now owns 341,606 shares of the software maker’s stock valued at $10,795,000 after purchasing an additional 75,041 shares during the last quarter. Vise Technologies Inc. increased its holdings in BOX by 38.5% in the 4th quarter. Vise Technologies Inc. now owns 8,540 shares of the software maker’s stock valued at $270,000 after purchasing an additional 2,372 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in BOX by 20.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 445,096 shares of the software maker’s stock valued at $14,065,000 after buying an additional 75,098 shares during the period. Woodline Partners LP boosted its position in BOX by 63.3% in the 4th quarter. Woodline Partners LP now owns 15,294 shares of the software maker’s stock valued at $483,000 after buying an additional 5,930 shares during the period. Finally, Vident Advisory LLC boosted its position in BOX by 15.3% in the 4th quarter. Vident Advisory LLC now owns 116,662 shares of the software maker’s stock valued at $3,687,000 after buying an additional 15,475 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Trading Up 0.2 %

Shares of BOX stock opened at $32.75 on Tuesday. The firm has a market capitalization of $4.71 billion, a PE ratio of 40.94, a P/E/G ratio of 4.42 and a beta of 0.88. BOX has a twelve month low of $24.63 and a twelve month high of $35.74. The firm’s 50-day moving average price is $32.78 and its 200 day moving average price is $32.58.

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.