Analysts Set Box, Inc. (NYSE:BOX) Target Price at $38.00

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

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BOX in a report on Monday, December 29th. DA Davidson reaffirmed a “buy” rating and set a $45.00 price objective on shares of BOX in a research note on Wednesday, December 3rd.

BOX Price Performance

Shares of NYSE:BOX opened at $21.79 on Tuesday. The business’s fifty day moving average price is $26.88 and its two-hundred day moving average price is $30.09. BOX has a fifty-two week low of $21.61 and a fifty-two week high of $38.80. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 1.31 and a beta of 0.80.

Insider Buying and Selling at BOX

In other news, CFO Dylan C. Smith sold 17,000 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $24.75, for a total transaction of $420,750.00. Following the sale, the chief financial officer owned 1,311,195 shares in the company, valued at approximately $32,452,076.25. This represents a 1.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aaron Levie sold 15,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $30.53, for a total value of $457,950.00. Following the completion of the sale, the chief executive officer owned 2,922,030 shares of the company’s stock, valued at approximately $89,209,575.90. This trade represents a 0.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 82,887 shares of company stock worth $2,399,707 over the last 90 days. Company insiders own 3.90% of the company’s stock.

Institutional Investors Weigh In On BOX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd raised its stake in shares of BOX by 7,130.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock worth $25,000 after acquiring an additional 713 shares during the last quarter. First Horizon Corp increased its holdings in shares of BOX by 148.1% in the fourth quarter. First Horizon Corp now owns 831 shares of the software maker’s stock valued at $25,000 after purchasing an additional 496 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in BOX in the 4th quarter worth approximately $26,000. Salomon & Ludwin LLC acquired a new position in BOX during the 3rd quarter worth $32,000. Finally, Geneos Wealth Management Inc. bought a new position in BOX in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

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.