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

Key Points

• Box, Inc. has received a consensus recommendation of "Moderate Buy" from analysts, with a consensus price target of $38.50.
• Insider transactions showed VP Eli Berkovitch and COO Olivia Nottebohm selling shares, indicating some insider selling activity within the company.
• Institutional investors own 86.74% of Box's stock, with significant increases in holdings from firms like TCTC Holdings LLC and Caitong International Asset Management Co. Ltd.

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

BOX has been the topic of several recent analyst reports. 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. Wall Street Zen cut BOX from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Raymond James Financial restated an "outperform" rating and issued a $42.00 price target (up previously from $38.00) on shares of BOX in a report on Wednesday, May 28th. JPMorgan Chase & Co. upped their price target on BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Finally, Morgan Stanley restated a "positive" rating on shares of BOX in a report on Wednesday, May 28th.

BOX Trading Up 1.1%

Shares of BOX stock traded up $0.36 on Friday, hitting $31.95. The stock had a trading volume of 416,677 shares, compared to its average volume of 1,903,805. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 24.77 and a beta of 0.96. BOX has a 52-week low of $25.96 and a 52-week high of $38.80. The company's 50 day moving average price is $34.30 and its 200 day moving average price is $32.67.

BOX (NYSE:BOX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $274.77 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. Analysts predict that BOX will post 0.27 EPS for the current fiscal year.

Insider Activity at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $31.52, for a total transaction of $409,760.00. Following the completion of the sale, the chief financial officer directly owned 1,520,550 shares in the company, valued at $47,927,736. This represents a 0.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel J. Levin sold 37,499 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $36.74, for a total value of $1,377,713.26. Following the completion of the sale, the director owned 51,530 shares of the company's stock, valued at approximately $1,893,212.20. This represents a 42.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,925 shares of company stock worth $3,817,023. Company insiders own 3.90% of the company's stock.

Institutional Trading of BOX

Large investors have recently added to or reduced their stakes in the stock. TCTC Holdings LLC grew its stake in shares of BOX by 115.4% during the first quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock valued at $25,000 after acquiring an additional 442 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of BOX by 7,130.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker's stock valued at $25,000 after acquiring an additional 713 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of BOX by 332.5% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock valued at $27,000 after acquiring an additional 665 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new stake in shares of BOX during the first quarter valued at about $31,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of BOX during the first quarter valued at about $31,000. 86.74% of the stock is currently owned by institutional investors and hedge funds.

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.