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

BOX (NYSE:BOX – Get Rating) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.

Several other research firms have also recently commented on BOX. Morgan Stanley lowered their target price on shares of BOX from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, March 2nd. Credit Suisse Group restated an “outperform” rating and set a $36.00 price objective on shares of BOX in a research report on Thursday, March 2nd. JMP Securities restated a “market outperform” rating and set a $32.00 price objective on shares of BOX in a research report on Thursday, March 16th. Finally, Royal Bank of Canada reduced their price objective on shares of BOX from $24.00 to $21.00 and set an “underperform” rating for the company in a research report on Wednesday, March 15th. One investment analyst has rated the stock with a sell rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, BOX has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

BOX Trading Up 0.3 %

BOX stock opened at $27.24 on Friday. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 544.80, a PEG ratio of 13.10 and a beta of 1.01. The company’s 50-day moving average price is $26.64 and its two-hundred day moving average price is $29.03. BOX has a 52 week low of $22.31 and a 52 week high of $34.98.

BOX (NYSE:BOX – Get Rating) last released its earnings results on Wednesday, March 1st. The software maker reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. The firm had revenue of $256.48 million for the quarter, compared to analysts’ expectations of $256.29 million. BOX had a net margin of 2.70% and a negative return on equity of 2.53%. Research analysts expect that BOX will post 0.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $26.09, for a total value of $339,170.00. Following the completion of the transaction, the chief financial officer now directly owns 1,402,904 shares in the company, valued at $36,601,765.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other BOX news, Director Jack R. Lazar sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $26.95, for a total value of $134,750.00. Following the completion of the transaction, the director now directly owns 26,555 shares in the company, valued at $715,657.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $26.09, for a total transaction of $339,170.00. Following the sale, the chief financial officer now owns 1,402,904 shares of the company’s stock, valued at $36,601,765.36. The disclosure for this sale can be found here. Insiders sold a total of 44,000 shares of company stock worth $1,173,060 over the last ninety days. 4.90% of the stock is currently owned by company insiders.

Institutional Trading of BOX

Several institutional investors have recently made changes to their positions in BOX. James Investment Research Inc. acquired a new stake in shares of BOX during the fourth quarter worth approximately $27,000. Fairfield Bush & CO. acquired a new stake in shares of BOX during the first quarter worth approximately $29,000. Altshuler Shaham Ltd acquired a new stake in shares of BOX during the first quarter worth approximately $30,000. Migdal Insurance & Financial Holdings Ltd. raised its position in BOX by 102.8% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,304 shares of the software maker’s stock valued at $34,000 after acquiring an additional 661 shares in the last quarter. Finally, Quarry LP raised its position in BOX by 318.2% during the first quarter. Quarry LP now owns 1,330 shares of the software maker’s stock valued at $36,000 after acquiring an additional 1,012 shares in the last quarter. 85.67% of the stock is currently owned by institutional investors and hedge funds.

BOX Company Profile

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Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.