BOX (NYSE:BOX) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of BOX (NYSE:BOX) from a buy rating to a strong-buy rating in a research note issued to investors on Friday.

Other research analysts have also issued research reports about the company. UBS Group lifted their target price on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Citigroup increased their target price on shares of BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. William Blair reaffirmed an “outperform” rating on shares of BOX in a report on Thursday, November 14th. Monness Crespi & Hardt raised BOX to a “hold” rating in a research report on Friday, August 16th. Finally, Bank of America began coverage on shares of BOX in a report on Thursday. They set a “buy” rating and a $40.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.75.

BOX Price Performance

BOX opened at $32.48 on Friday. The stock has a market capitalization of $4.65 billion, a PE ratio of 40.60 and a beta of 0.86. BOX has a 12-month low of $24.28 and a 12-month high of $35.74. The firm’s fifty day moving average price is $33.10 and its 200 day moving average price is $30.14.

Insider Transactions at BOX

In other BOX news, CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $32.54, for a total transaction of $325,400.00. Following the sale, the chief executive officer now directly owns 2,999,155 shares of the company’s stock, valued at $97,592,503.70. The trade was a 0.33 % 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 13,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.21, for a total value of $444,730.00. Following the completion of the sale, the chief financial officer now owns 1,461,509 shares of the company’s stock, valued at $49,998,222.89. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,386 shares of company stock valued at $1,891,350. Corporate insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new position in BOX during the 3rd quarter valued at about $36,000. Quarry LP boosted its holdings in shares of BOX by 324.6% during the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after purchasing an additional 1,084 shares during the period. GAMMA Investing LLC grew its position in BOX by 143.1% during the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after purchasing an additional 787 shares in the last quarter. Toronto Dominion Bank acquired a new position in BOX in the 2nd quarter valued at approximately $53,000. Finally, Nisa Investment Advisors LLC lifted its position in BOX by 31.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after buying an additional 632 shares in the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.