BOX (NYSE:BOX) Upgraded at StockNews.com

StockNews.com upgraded shares of BOX (NYSE:BOX) from a buy rating to a strong-buy rating in a research report report published on Thursday morning.

A number of other research analysts also recently commented on BOX. Oppenheimer reiterated an outperform rating and set a $35.00 price objective on shares of BOX in a research note on Wednesday, May 29th. Royal Bank of Canada reiterated an underperform rating and set a $21.00 price objective on shares of BOX in a research note on Wednesday, May 29th. Morgan Stanley reduced their price objective on shares of BOX from $32.00 to $30.00 and set an equal weight rating on the stock in a research note on Wednesday, May 29th. Finally, UBS Group dropped their target price on shares of BOX from $34.00 to $31.00 and set a buy rating on the stock in a report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, BOX presently has a consensus rating of Moderate Buy and a consensus price target of $30.33.

BOX Trading Up 0.4 %

Shares of BOX stock opened at $28.12 on Thursday. The company has a market capitalization of $4.06 billion, a PE ratio of 38.52 and a beta of 0.86. The firm has a fifty day simple moving average of $26.60 and a 200-day simple moving average of $26.91. BOX has a twelve month low of $23.29 and a twelve month high of $30.94.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, May 28th. The software maker reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $264.66 million during the quarter, compared to the consensus estimate of $261.65 million. BOX had a net margin of 13.13% and a negative return on equity of 11.71%. Equities research analysts predict that BOX will post 0.19 EPS for the current year.

Insider Buying and Selling

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $26.38, for a total transaction of $342,940.00. Following the sale, the chief financial officer now directly owns 1,552,912 shares in the company, valued at approximately $40,965,818.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $26.26, for a total value of $262,600.00. Following the transaction, the chief executive officer now owns 3,019,155 shares of the company’s stock, valued at approximately $79,283,010.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $26.38, for a total transaction of $342,940.00. Following the completion of the transaction, the chief financial officer now directly owns 1,552,912 shares in the company, valued at approximately $40,965,818.56. The disclosure for this sale can be found here. Insiders have sold a total of 59,560 shares of company stock valued at $1,556,440 in the last quarter. Company insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On BOX

Hedge funds have recently made changes to their positions in the business. Capstone Investment Advisors LLC acquired a new position in shares of BOX in the 4th quarter worth approximately $1,176,000. Dimensional Fund Advisors LP increased its position in shares of BOX by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,207,010 shares of the software maker’s stock worth $56,523,000 after acquiring an additional 47,220 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of BOX in the first quarter worth approximately $2,477,000. Russell Investments Group Ltd. increased its position in shares of BOX by 10.3% in the fourth quarter. Russell Investments Group Ltd. now owns 492,333 shares of the software maker’s stock worth $12,619,000 after acquiring an additional 45,971 shares in the last quarter. Finally, Maryland State Retirement & Pension System purchased a new position in shares of BOX in the first quarter worth approximately $1,361,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

About BOX

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.