Box, Inc. (NYSE:BOX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Box, Inc. (NYSE:BOX) have been given an average recommendation of “Moderate Buy” by the eleven research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $35.89.

A number of analysts recently commented on the stock. Bank of America began coverage on shares of BOX in a research report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price objective for the company. DA Davidson assumed coverage on BOX in a report on Wednesday, December 18th. They set a “buy” rating and a $45.00 price objective on the stock. William Blair reissued an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Citigroup lifted their price target on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th.

BOX Stock Performance

Shares of NYSE BOX opened at $34.44 on Friday. BOX has a 52-week low of $24.56 and a 52-week high of $35.74. The stock has a market cap of $4.95 billion, a P/E ratio of 43.05, a P/E/G ratio of 6.06 and a beta of 0.88. The firm has a 50 day moving average price of $32.29 and a 200 day moving average price of $31.72.

Insider Transactions at BOX

In other news, VP Eli Berkovitch sold 4,792 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $32.46, for a total value of $155,548.32. Following the completion of the sale, the vice president now owns 140,172 shares of the company’s stock, valued at approximately $4,549,983.12. This represents a 3.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Olivia Nottebohm sold 6,079 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $31.91, for a total transaction of $193,980.89. Following the transaction, the chief operating officer now owns 447,067 shares in the company, valued at approximately $14,265,907.97. The trade was a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 85,462 shares of company stock worth $2,765,964 in the last three months. Insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On BOX

A number of institutional investors and hedge funds have recently modified their holdings of the company. Beacon Harbor Wealth Advisors Inc. acquired a new position in BOX during the fourth quarter worth approximately $5,997,000. Raymond James Financial Inc. bought a new position in shares of BOX during the 4th quarter worth approximately $8,405,000. Atria Investments Inc raised its stake in BOX by 9.4% in the 4th quarter. Atria Investments Inc now owns 27,321 shares of the software maker’s stock valued at $863,000 after acquiring an additional 2,352 shares during the period. Charles Schwab Investment Management Inc. boosted its position in BOX by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,399,629 shares of the software maker’s stock worth $44,228,000 after purchasing an additional 27,814 shares during the period. Finally, Sonoma Private Wealth LLC increased its holdings in shares of BOX by 10.7% in the fourth quarter. Sonoma Private Wealth LLC now owns 9,740 shares of the software maker’s stock valued at $308,000 after purchasing an additional 941 shares during the last quarter. 86.74% of the stock is owned by institutional investors.

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.