BOX (NYSE:BOX) Receives “Outperform” Rating from William Blair

BOX (NYSE:BOX)‘s stock had its “outperform” rating reaffirmed by equities research analysts at William Blair in a research note issued to investors on Thursday,RTT News reports.

Several other research firms also recently weighed in on BOX. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Monness Crespi & Hardt upgraded BOX to a “hold” rating in a research report on Friday, August 16th. Morgan Stanley increased their target price on BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. Citigroup increased their price target on BOX from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $21.00 price target on shares of BOX in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.22.

BOX Trading Down 1.1 %

NYSE:BOX traded down $0.39 during mid-day trading on Thursday, reaching $34.28. The company’s stock had a trading volume of 1,621,800 shares, compared to its average volume of 1,992,483. BOX has a 12-month low of $23.29 and a 12-month high of $35.07. The firm’s fifty day moving average price is $32.65 and its two-hundred day moving average price is $29.04. The stock has a market cap of $4.91 billion, a P/E ratio of 43.39 and a beta of 0.85.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The firm had revenue of $270.04 million during the quarter, compared to analyst estimates of $269.52 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts predict that BOX will post 0.23 earnings per share for the current fiscal year.

Insider Activity at BOX

In other BOX news, Director Jack R. Lazar sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $32.68, for a total value of $228,760.00. Following the completion of the sale, the director now owns 29,197 shares of the company’s stock, valued at approximately $954,157.96. This trade represents a 19.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $32.89, for a total value of $427,570.00. Following the completion of the sale, the chief financial officer now directly owns 1,500,661 shares of the company’s stock, valued at approximately $49,356,740.29. This represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,000 shares of company stock valued at $1,853,020 over the last quarter. 4.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Quarry LP raised its stake in shares of BOX by 324.6% in the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after purchasing an additional 1,084 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after purchasing an additional 787 shares during the last quarter. Toronto Dominion Bank purchased a new position in shares of BOX in the second quarter worth about $53,000. Nisa Investment Advisors LLC raised its stake in shares of BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after purchasing an additional 632 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of BOX by 245.4% in the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after purchasing an additional 1,536 shares during the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Company Profile

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.