BOX (NYSE:BOX - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Thursday.
A number of other equities analysts also recently weighed in on the stock. JMP Securities reissued a "market outperform" rating and set a $32.00 target price on shares of BOX in a research note on Wednesday, March 20th. JPMorgan Chase & Co. lifted their target price on shares of BOX from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 6th. TheStreet raised shares of BOX from a "c" rating to a "b" rating in a research note on Tuesday, March 5th. Citigroup raised their price target on shares of BOX from $29.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. Finally, Royal Bank of Canada restated an "underperform" rating and issued a $21.00 price target on shares of BOX in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $30.89.
Get Our Latest Stock Analysis on BOX
BOX Stock Down 0.3 %
Shares of BOX stock traded down $0.09 during trading hours on Thursday, hitting $27.29. 953,614 shares of the company's stock traded hands, compared to its average volume of 2,309,747. The stock's 50 day simple moving average is $27.52 and its 200 day simple moving average is $26.11. The stock has a market cap of $3.94 billion, a PE ratio of 40.73, a price-to-earnings-growth ratio of 9.42 and a beta of 0.84. BOX has a 12 month low of $23.29 and a 12 month high of $31.94.
BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings results on Tuesday, March 5th. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.07. The firm had revenue of $262.88 million during the quarter, compared to the consensus estimate of $262.92 million. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. As a group, equities research analysts expect that BOX will post 0.15 EPS for the current fiscal year.
Insider Activity
In related news, CEO Aaron Levie sold 10,000 shares of the business's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $29.47, for a total transaction of $294,700.00. Following the transaction, the chief executive officer now directly owns 3,048,653 shares in the company, valued at $89,843,803.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Dylan C. Smith sold 13,000 shares of the business's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $29.26, for a total value of $380,380.00. Following the sale, the chief financial officer now owns 1,395,702 shares of the company's stock, valued at $40,838,240.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the business's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $29.47, for a total transaction of $294,700.00. Following the completion of the sale, the chief executive officer now directly owns 3,048,653 shares in the company, valued at approximately $89,843,803.91. The disclosure for this sale can be found here. Insiders sold 133,660 shares of company stock worth $3,792,204 over the last three months. 4.90% of the stock is currently owned by insiders.
Institutional Trading of BOX
Several hedge funds and other institutional investors have recently modified their holdings of BOX. Fairfield Bush & CO. purchased a new position in BOX during the first quarter valued at approximately $29,000. Quarry LP grew its stake in BOX by 318.2% during the first quarter. Quarry LP now owns 1,330 shares of the software maker's stock valued at $36,000 after acquiring an additional 1,012 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in BOX during the third quarter valued at approximately $38,000. a16z Perennial Management L.P. purchased a new position in BOX during the fourth quarter valued at approximately $48,000. Finally, TFO Wealth Partners LLC grew its stake in BOX by 62,000.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker's stock valued at $48,000 after acquiring an additional 1,860 shares in the last quarter. Institutional investors own 86.74% of the company's stock.
BOX Company Profile
(
Get Free Report)
Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.
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