Brokerages Set Box, Inc. (NYSE:BOX) Target Price at $38.50

Shares of Box, Inc. (NYSE:BOX - Get Free Report) have received an average rating of "Moderate Buy" from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $38.50.

Several research firms have recently weighed in on BOX. Royal Bank Of Canada boosted their price objective on shares of BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a research note on Wednesday, May 28th. Raymond James Financial reissued an "outperform" rating and set a $42.00 price target (up previously from $38.00) on shares of BOX in a research report on Wednesday, May 28th. UBS Group raised BOX from a "buy" rating to a "strong-buy" rating and raised their price objective for the company from $37.00 to $40.00 in a research report on Wednesday, May 28th. DA Davidson set a $45.00 target price on BOX and gave the stock a "buy" rating in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. increased their price target on BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th.

Insider Transactions at BOX

In other news, COO Olivia Nottebohm sold 3,434 shares of BOX stock in a transaction on Friday, May 9th. The stock was sold at an average price of $31.54, for a total transaction of $108,308.36. Following the completion of the sale, the chief operating officer owned 556,011 shares of the company's stock, valued at approximately $17,536,586.94. This trade represents a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bethany Mayer sold 5,123 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $34.06, for a total transaction of $174,489.38. Following the completion of the sale, the director directly owned 15,284 shares of the company's stock, valued at approximately $520,573.04. The trade was a 25.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,177 shares of company stock worth $3,426,835. 3.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Quantinno Capital Management LP bought a new stake in shares of BOX in the fourth quarter valued at approximately $289,000. SG Americas Securities LLC raised its holdings in BOX by 420.1% in the 1st quarter. SG Americas Securities LLC now owns 30,067 shares of the software maker's stock valued at $928,000 after acquiring an additional 24,286 shares in the last quarter. Integrated Quantitative Investments LLC bought a new stake in shares of BOX during the 4th quarter valued at $1,418,000. GAMMA Investing LLC lifted its position in shares of BOX by 8,676.2% during the 1st quarter. GAMMA Investing LLC now owns 127,606 shares of the software maker's stock valued at $4,135,000 after acquiring an additional 126,152 shares during the period. Finally, Krilogy Financial LLC acquired a new stake in shares of BOX during the 1st quarter worth $387,000. 86.74% of the stock is owned by institutional investors.

BOX Trading Down 0.3%

Shares of BOX stock traded down $0.09 during trading hours on Monday, reaching $33.17. 1,819,785 shares of the company's stock were exchanged, compared to its average volume of 1,972,523. The company has a 50 day moving average of $33.79 and a two-hundred day moving average of $32.51. The stock has a market cap of $4.77 billion, a P/E ratio of 25.71 and a beta of 0.90. BOX has a fifty-two week low of $24.63 and a fifty-two week high of $38.80.

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

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.