Box, Inc. (NYSE:BOX) Given Consensus Recommendation of "Moderate Buy" by Analysts

Box, Inc. (NYSE:BOX - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $38.50.

Several research analysts have recently commented on BOX shares. DA Davidson set a $45.00 target price on BOX and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Morgan Stanley restated a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. UBS Group upgraded BOX from a "buy" rating to a "strong-buy" rating and boosted their price objective for the company from $37.00 to $40.00 in a research report on Wednesday, May 28th. Royal Bank Of Canada boosted their price objective on BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. boosted their price objective on BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th.

BOX Stock Down 1.5%

Shares of BOX traded down $0.51 during mid-day trading on Monday, hitting $33.22. The stock had a trading volume of 1,811,457 shares, compared to its average volume of 1,961,617. The company has a market cap of $4.78 billion, a PE ratio of 25.75 and a beta of 0.90. The company's fifty day simple moving average is $33.97 and its two-hundred day simple moving average is $32.54. BOX has a fifty-two week low of $25.25 and a fifty-two week high of $38.80.

BOX (NYSE:BOX - Get Free Report) last issued its earnings results on Tuesday, May 27th. The software maker reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. The company had revenue of $276.27 million during the quarter, compared to analyst estimates of $274.77 million. BOX had a negative return on equity of 20.17% and a net margin of 21.38%. The business's revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. Equities analysts expect that BOX will post 0.27 earnings per share for the current year.

Insider Activity

In other BOX news, COO Olivia Nottebohm sold 2,013 shares of BOX stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $34.60, for a total transaction of $69,649.80. Following the sale, the chief operating officer owned 534,086 shares of the company's stock, valued at $18,479,375.60. The trade was a 0.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $37.23, for a total value of $483,990.00. Following the sale, the chief financial officer directly owned 1,507,550 shares in the company, valued at $56,126,086.50. The trade was a 0.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 91,017 shares of company stock worth $3,213,471 over the last ninety days. 3.90% of the stock is currently owned by company insiders.

Institutional Trading of BOX

A number of hedge funds and other institutional investors have recently modified their holdings of BOX. Arrowstreet Capital Limited Partnership raised its stake in shares of BOX by 103.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker's stock worth $107,009,000 after buying an additional 1,725,197 shares in the last quarter. Norges Bank acquired a new stake in shares of BOX during the fourth quarter worth $29,973,000. Jupiter Asset Management Ltd. acquired a new stake in shares of BOX during the fourth quarter worth $24,234,000. Sunriver Management LLC raised its position in shares of BOX by 62.9% during the first quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker's stock worth $47,736,000 after purchasing an additional 597,410 shares during the period. Finally, RGM Capital LLC raised its position in shares of BOX by 9.3% during the first quarter. RGM Capital LLC now owns 3,749,773 shares of the software maker's stock worth $115,718,000 after purchasing an additional 318,459 shares during the period. Institutional investors own 86.74% of the company's stock.

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.