Analysts Set Box, Inc. (NYSE:BOX) Price Target at $35.89

Box, Inc. (NYSE:BOX) has earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat.com reports. One research 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 objective among analysts that have updated their coverage on the stock in the last year is $35.89.

Several equities analysts recently commented on the stock. Citigroup upped their price target on shares of BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. UBS Group upped their price objective on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Morgan Stanley boosted their price target on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 4th. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a report on Friday, December 13th. Finally, William Blair reiterated an “outperform” rating on shares of BOX in a report on Thursday, November 14th.

Insider Transactions at BOX

In other BOX news, VP Eli Berkovitch sold 4,792 shares of BOX stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $32.46, for a total transaction of $155,548.32. Following the sale, the vice president now directly owns 140,172 shares in the company, valued at $4,549,983.12. The trade was a 3.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack R. Lazar sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total transaction of $86,875.00. Following the sale, the director now directly owns 26,697 shares of the company’s stock, valued at $927,720.75. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,178 shares of company stock valued at $2,046,898. Corporate insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its holdings in BOX by 80.7% during the 2nd quarter. SG Americas Securities LLC now owns 15,794 shares of the software maker’s stock worth $418,000 after buying an additional 7,053 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of BOX by 31.7% during 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 period. Fifth Third Bancorp lifted its position in shares of BOX by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 86,171 shares of the software maker’s stock worth $2,278,000 after buying an additional 1,052 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of BOX by 2.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 72,600 shares of the software maker’s stock valued at $1,920,000 after buying an additional 1,500 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in BOX by 7.0% during the second quarter. Bank of New York Mellon Corp now owns 1,603,725 shares of the software maker’s stock worth $42,402,000 after acquiring an additional 104,228 shares during the period. 86.74% of the stock is owned by institutional investors and hedge funds.

BOX Price Performance

NYSE BOX opened at $32.02 on Thursday. The company has a market cap of $4.60 billion, a P/E ratio of 40.03 and a beta of 0.86. BOX has a 12 month low of $24.28 and a 12 month high of $35.74. The company has a 50-day moving average of $33.04 and a 200-day moving average of $30.45.

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.