BOX (NYSE:BOX) had its price objective cut by Morgan Stanley from $25.00 to $21.00 in a research report released on Tuesday, Marketbeat reports. They currently have a hold rating on the software maker’s stock.

A number of other brokerages have also commented on BOX. Raymond James decreased their price objective on BOX from $33.00 to $25.00 and set an outperform rating on the stock in a report on Monday, October 15th. Deutsche Bank initiated coverage on BOX in a report on Monday, October 8th. They issued a hold rating and a $22.00 price objective on the stock. ValuEngine lowered BOX from a strong-buy rating to a buy rating in a report on Thursday, August 30th. DA Davidson reduced their target price on BOX from $31.00 to $30.00 and set a buy rating on the stock in a report on Wednesday, August 29th. Finally, JMP Securities reissued an outperform rating and set a $32.00 target price on shares of BOX in a report on Wednesday, August 29th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $26.57.

Shares of BOX stock opened at $16.19 on Tuesday. BOX has a 12-month low of $15.71 and a 12-month high of $29.79. The company has a market cap of $2.36 billion, a PE ratio of -13.96 and a beta of 1.42. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.04.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, August 28th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of $148.20 million for the quarter, compared to analysts’ expectations of $146.58 million. BOX had a negative return on equity of 488.70% and a negative net margin of 27.10%. The business’s revenue was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.11) EPS. As a group, equities analysts expect that BOX will post -0.95 earnings per share for the current fiscal year.

In related news, Director Dana L. Evan sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $23.89, for a total transaction of $286,680.00. Following the completion of the sale, the director now owns 117,251 shares of the company’s stock, valued at $2,801,126.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel J. Levin sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $18.90, for a total value of $567,000.00. Following the sale, the director now directly owns 5,790 shares of the company’s stock, valued at approximately $109,431. The disclosure for this sale can be found here. Insiders have sold 207,000 shares of company stock valued at $4,841,930 in the last ninety days. 8.51% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Fort Washington Investment Advisors Inc. OH grew its stake in BOX by 6.7% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 44,292 shares of the software maker’s stock valued at $1,059,000 after acquiring an additional 2,773 shares during the period. Garde Capital Inc. lifted its holdings in shares of BOX by 17.4% in the second quarter. Garde Capital Inc. now owns 24,469 shares of the software maker’s stock valued at $611,000 after purchasing an additional 3,625 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of BOX by 7.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 60,949 shares of the software maker’s stock valued at $1,523,000 after purchasing an additional 4,200 shares in the last quarter. Spirit of America Management Corp NY bought a new position in shares of BOX in the third quarter valued at approximately $100,000. Finally, Cypress Capital Management LLC WY bought a new position in shares of BOX in the second quarter valued at approximately $113,000. 64.92% of the stock is owned by hedge funds and other institutional investors.

About BOX

Box, Inc provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise content from anywhere or any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.

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Analyst Recommendations for BOX (NYSE:BOX)

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