Box Inc. (BOX) Given “Buy” Rating at Drexel Hamilton
BOX has been the subject of several other research reports. Zacks Investment Research cut shares of Box from a strong-buy rating to a hold rating in a research report on Tuesday, August 2nd. Veritas Investment Research reiterated a strong-buy rating on shares of Box in a research report on Friday, August 5th. Oppenheimer Holdings Inc. reiterated an outperform rating and set a $18.00 price target on shares of Box in a research report on Monday, August 15th. Vetr cut shares of Box from a strong-buy rating to a buy rating and set a $14.11 price target for the company. in a research report on Monday, August 15th. Finally, Bank of America Corp. reiterated a buy rating and set a $18.00 price target on shares of Box in a research report on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $17.95.
Shares of Box (NYSE:BOX) opened at 15.29 on Tuesday. The stock’s market cap is $1.94 billion. Box has a 52-week low of $8.82 and a 52-week high of $16.59. The firm has a 50-day moving average of $14.84 and a 200-day moving average of $13.05.
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In other Box news, VP Jeff Mannie sold 3,756 shares of the company’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $14.67, for a total value of $55,100.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Daniel J. Levin sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $14.35, for a total transaction of $71,750.00. Following the completion of the transaction, the chief operating officer now owns 3,079 shares in the company, valued at $44,183.65. The disclosure for this sale can be found here. Company insiders own 22.30% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC bought a new position in Box during the second quarter valued at approximately $108,000. Capstone Investment Advisors LLC bought a new position in Box during the second quarter valued at approximately $129,000. BlackRock Group LTD increased its position in Box by 6.3% in the third quarter. BlackRock Group LTD now owns 10,127 shares of the company’s stock valued at $160,000 after buying an additional 603 shares in the last quarter. Quantbot Technologies LP increased its position in Box by 11.7% in the second quarter. Quantbot Technologies LP now owns 17,786 shares of the company’s stock valued at $183,000 after buying an additional 1,860 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in Box during the second quarter valued at approximately $192,000. Hedge funds and other institutional investors own 27.58% of the company’s stock.
Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.
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