Box, Inc. (NYSE:BOX)‘s stock had its “buy” rating reissued by Rosenblatt Securities in a research note issued to investors on Monday. They currently have a $25.00 price target on the software maker’s stock. Rosenblatt Securities’ price objective indicates a potential upside of 31.44% from the stock’s previous close.

The analysts wrote, “We believe this could help clarify some confusion regarding how BOX is positioned vs. both One Drive and Sharepoint, which could shorten sales cycles. It is our view that this combi- nation could be more significant over time than the IBM relationship due to the prevalence of Office 365 in enterprise accounts.””

BOX has been the subject of a number of other reports. Drexel Hamilton reaffirmed a “buy” rating and issued a $28.00 price target (up from $26.00) on shares of Box in a report on Thursday, June 1st. Canaccord Genuity reaffirmed a “buy” rating and issued a $24.00 price target (up from $22.00) on shares of Box in a report on Thursday, June 1st. Bank of America Corporation reaffirmed a “buy” rating and issued a $22.00 price target (up from $21.00) on shares of Box in a report on Friday, June 2nd. Pacific Crest reaffirmed an “overweight” rating and issued a $25.00 price target on shares of Box in a report on Wednesday, May 31st. Finally, Mitsubishi UFJ Financial Group Inc raised Box from a “neutral” rating to an “overweight” rating in a report on Thursday, June 1st. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $22.24.

Box (NYSE BOX) opened at 19.02 on Monday. The company’s market cap is $2.50 billion. The stock’s 50 day moving average price is $18.68 and its 200 day moving average price is $17.12. Box has a 12-month low of $10.43 and a 12-month high of $20.91.

Box (NYSE:BOX) last posted its quarterly earnings results on Wednesday, May 31st. The software maker reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.01. Box had a negative return on equity of 187.98% and a negative net margin of 36.01%. The firm had revenue of $117.20 million during the quarter, compared to analyst estimates of $114.70 million. During the same period last year, the company earned ($0.18) earnings per share. The business’s revenue for the quarter was up 29.9% on a year-over-year basis. Equities research analysts anticipate that Box will post ($0.46) EPS for the current year.

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In other Box news, COO Daniel J. Levin sold 40,000 shares of Box stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $18.46, for a total transaction of $738,400.00. Following the completion of the sale, the chief operating officer now owns 3,752 shares of the company’s stock, valued at $69,261.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Rory O’driscoll sold 671,186 shares of Box stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $18.48, for a total value of $12,403,517.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,678,934 shares of company stock valued at $31,309,466. Corporate insiders own 20.59% of the company’s stock.

A number of large investors have recently modified their holdings of BOX. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Box during the first quarter valued at about $21,283,000. Marshall Wace North America L.P. purchased a new stake in shares of Box during the first quarter valued at about $21,283,000. Renaissance Technologies LLC raised its stake in shares of Box by 453.9% in the first quarter. Renaissance Technologies LLC now owns 1,544,400 shares of the software maker’s stock valued at $25,189,000 after buying an additional 1,265,600 shares during the period. Cortina Asset Management LLC raised its stake in shares of Box by 439.7% in the first quarter. Cortina Asset Management LLC now owns 1,486,932 shares of the software maker’s stock valued at $24,252,000 after buying an additional 1,211,434 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Box by 25.3% in the first quarter. Vanguard Group Inc. now owns 4,456,930 shares of the software maker’s stock valued at $72,693,000 after buying an additional 900,522 shares during the period. 36.51% of the stock is owned by hedge funds and other institutional investors.

About Box

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.

Analyst Recommendations for Box (NYSE:BOX)

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