Box, Inc. (NYSE:BOX) Receives Average Recommendation of “Hold” from Analysts

Box, Inc. (NYSE:BOX) has earned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $38.00.

A number of research firms have issued reports on BOX. Weiss Ratings restated a “hold (c+)” rating on shares of BOX in a report on Monday. UBS Group downgraded shares of BOX from a “buy” rating to a “neutral” rating and dropped their target price for the company from $42.00 to $36.00 in a research report on Thursday, September 18th. Zacks Research cut shares of BOX from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, DA Davidson reiterated a “buy” rating and set a $45.00 price objective on shares of BOX in a report on Wednesday, December 3rd.

BOX Trading Down 3.5%

BOX stock opened at $28.87 on Monday. The firm has a market cap of $4.13 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 2.37 and a beta of 0.80. The stock has a 50-day moving average price of $30.69 and a 200-day moving average price of $32.01. BOX has a 1-year low of $28.00 and a 1-year high of $38.80.

Insiders Place Their Bets

In other news, CEO Aaron Levie sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $30.53, for a total transaction of $457,950.00. Following the completion of the sale, the chief executive officer owned 2,922,030 shares in the company, valued at $89,209,575.90. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Olivia Nottebohm sold 4,612 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $29.84, for a total value of $137,622.08. Following the transaction, the chief operating officer directly owned 474,443 shares in the company, valued at $14,157,379.12. The trade was a 0.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 95,611 shares of company stock worth $3,015,690 over the last three months. Insiders own 3.90% of the company’s stock.

Institutional Trading of BOX

Several hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC acquired a new position in BOX during the third quarter worth $44,000. Swiss Life Asset Management Ltd bought a new stake in shares of BOX during the third quarter worth about $219,000. CIBC Private Wealth Group LLC raised its holdings in shares of BOX by 1,778.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock worth $39,000 after acquiring an additional 1,138 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in BOX in the 3rd quarter valued at about $484,000. Finally, Danske Bank A S acquired a new position in BOX during the 3rd quarter valued at about $861,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

About BOX

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.