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

Box, Inc. (NYSE:BOX - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $38.50.

BOX has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price target on shares of BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 28th. Raymond James Financial reiterated an "outperform" rating and set a $42.00 price target (up previously from $38.00) on shares of BOX in a research note on Wednesday, May 28th. DA Davidson set a $45.00 price target on shares of BOX and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Morgan Stanley reiterated a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. Finally, UBS Group upgraded shares of BOX from a "buy" rating to a "strong-buy" rating and increased their price target for the stock from $37.00 to $40.00 in a research note on Wednesday, May 28th.

Insider Buying and Selling

In other news, Director Bethany Mayer sold 5,123 shares of the firm's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $34.06, for a total value of $174,489.38. Following the completion of the sale, the director owned 15,284 shares in the company, valued at approximately $520,573.04. This trade represents a 25.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dana L. Evan sold 7,590 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $33.51, for a total transaction of $254,340.90. Following the completion of the sale, the director owned 115,725 shares of the company's stock, valued at $3,877,944.75. This trade represents a 6.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,925 shares of company stock worth $3,817,023. 3.90% of the stock is currently owned by insiders.

Institutional Trading of BOX

Hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of BOX by 7,130.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker's stock valued at $25,000 after purchasing an additional 713 shares during the period. TCTC Holdings LLC lifted its stake in shares of BOX by 115.4% in the first quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock valued at $25,000 after purchasing an additional 442 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of BOX by 332.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock valued at $27,000 after purchasing an additional 665 shares during the period. MorganRosel Wealth Management LLC acquired a new stake in shares of BOX in the first quarter valued at about $31,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of BOX in the first quarter valued at about $31,000. Institutional investors and hedge funds own 86.74% of the company's stock.

BOX Trading Down 1.5%

Shares of NYSE BOX traded down $0.49 during mid-day trading on Friday, reaching $31.61. The company had a trading volume of 1,795,183 shares, compared to its average volume of 1,453,333. The firm has a 50 day simple moving average of $34.30 and a two-hundred day simple moving average of $32.66. The stock has a market cap of $4.55 billion, a P/E ratio of 24.50 and a beta of 0.96. BOX has a 52-week low of $25.96 and a 52-week high of $38.80.

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