Analysts Set Box, Inc. (NYSE:BOX) Target Price at $36.44

Shares of Box, Inc. (NYSE:BOX - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eleven analysts that are currently covering the company, MarketBeat reports. One research 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 price objective among analysts that have updated their coverage on the stock in the last year is $36.44.

A number of research analysts recently weighed in on the stock. Raymond James reiterated an "outperform" rating and issued a $38.00 price objective (down from $40.00) on shares of BOX in a research note on Wednesday, March 5th. DA Davidson cut their target price on BOX from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, April 14th. StockNews.com cut BOX from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price objective on shares of BOX from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Finally, Morgan Stanley reduced their price objective on shares of BOX from $36.00 to $35.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th.

Insider Activity at BOX

In other BOX news, COO Olivia Nottebohm sold 6,079 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $34.42, for a total transaction of $209,239.18. Following the transaction, the chief operating officer now directly owns 440,988 shares in the company, valued at $15,178,806.96. This trade represents a 1.36 % decrease in their ownership of the stock. 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 the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $34.32, for a total transaction of $446,160.00. Following the completion of the sale, the chief financial officer now owns 1,453,684 shares of the company's stock, valued at approximately $49,890,434.88. The trade was a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,022 shares of company stock valued at $2,198,045 over the last 90 days. 4.10% of the stock is owned by insiders.

Institutional Trading of BOX

Several institutional investors have recently added to or reduced their stakes in BOX. Summit Trail Advisors LLC boosted its holdings in BOX by 3.4% during the 1st quarter. Summit Trail Advisors LLC now owns 27,504 shares of the software maker's stock valued at $849,000 after acquiring an additional 908 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in BOX by 11.2% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,281 shares of the software maker's stock valued at $595,000 after purchasing an additional 1,941 shares during the last quarter. Peregrine Capital Management LLC boosted its stake in shares of BOX by 3.4% during the first quarter. Peregrine Capital Management LLC now owns 536,707 shares of the software maker's stock valued at $16,563,000 after purchasing an additional 17,697 shares during the period. MorganRosel Wealth Management LLC bought a new position in shares of BOX in the first quarter worth approximately $31,000. Finally, Blue Trust Inc. increased its stake in shares of BOX by 88.3% in the first quarter. Blue Trust Inc. now owns 26,291 shares of the software maker's stock worth $811,000 after buying an additional 12,330 shares during the period. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Stock Down 0.2 %

BOX traded down $0.06 during trading hours on Wednesday, hitting $30.90. The stock had a trading volume of 191,917 shares, compared to its average volume of 1,813,223. BOX has a 1 year low of $24.63 and a 1 year high of $35.74. The company's fifty day simple moving average is $31.14 and its 200 day simple moving average is $32.27. The stock has a market cap of $4.44 billion, a PE ratio of 38.62, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96.

BOX declared that its board has approved a share buyback plan on Tuesday, March 4th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the software maker to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

About BOX

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.