Box, Inc. (NYSE:BOX) Receives $38.00 Average Price Target from Brokerages

Shares of Box, Inc. (NYSE:BOX) have received a consensus rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $38.00.

BOX has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of BOX in a research note on Monday, December 29th. DA Davidson reiterated a “buy” rating and issued a $45.00 price objective on shares of BOX in a research note on Wednesday, December 3rd.

Insider Buying and Selling

In other BOX news, CEO Aaron Levie sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $30.53, for a total value of $457,950.00. Following the completion of the transaction, the chief executive officer owned 2,922,030 shares in the company, valued at $89,209,575.90. This trade represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 17,000 shares of BOX stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $29.57, for a total value of $502,690.00. Following the transaction, the chief financial officer directly owned 1,328,195 shares of the company’s stock, valued at $39,274,726.15. The trade was a 1.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 87,499 shares of company stock valued at $2,656,663 in the last 90 days. Corporate insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On BOX

Several hedge funds have recently bought and sold shares of BOX. Wealth Enhancement Advisory Services LLC bought a new position in shares of BOX in the second quarter worth approximately $256,000. Mackenzie Financial Corp lifted its position in BOX by 15.2% during the second quarter. Mackenzie Financial Corp now owns 560,329 shares of the software maker’s stock valued at $19,146,000 after purchasing an additional 73,896 shares during the last quarter. Creative Planning grew its stake in BOX by 84.3% in the 2nd quarter. Creative Planning now owns 39,251 shares of the software maker’s stock worth $1,341,000 after buying an additional 17,950 shares in the last quarter. 111 Capital bought a new position in shares of BOX in the 2nd quarter worth $659,000. Finally, Neuberger Berman Group LLC increased its holdings in shares of BOX by 38.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 955,286 shares of the software maker’s stock worth $32,637,000 after buying an additional 263,619 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Stock Performance

Shares of BOX stock opened at $25.47 on Friday. The stock has a market capitalization of $3.65 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.10 and a beta of 0.80. BOX has a 52-week low of $25.15 and a 52-week high of $38.80. The stock’s 50-day simple moving average is $29.16 and its 200 day simple moving average is $31.15.

BOX Company Profile

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.