BOX (NYSE:BOX) Earns Outperform Rating from Oppenheimer

BOX (NYSE:BOXGet Free Report)‘s stock had its “outperform” rating reiterated by stock analysts at Oppenheimer in a research note issued on Wednesday, Benzinga reports. They presently have a $35.00 price objective on the software maker’s stock. Oppenheimer’s target price indicates a potential upside of 30.40% from the company’s current price.

A number of other equities analysts have also commented on BOX. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th. UBS Group upped their price target on BOX from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. TheStreet upgraded BOX from a “c” rating to a “b” rating in a research report on Tuesday, March 5th. Citigroup upped their target price on BOX from $29.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Morgan Stanley lowered their price objective on shares of BOX from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.33.

Check Out Our Latest Stock Analysis on BOX

BOX Stock Down 1.3 %

NYSE:BOX opened at $26.84 on Wednesday. The business’s 50-day moving average price is $26.94 and its 200 day moving average price is $26.51. BOX has a 52-week low of $23.29 and a 52-week high of $31.94. The firm has a market cap of $3.87 billion, a P/E ratio of 36.77, a PEG ratio of 8.63 and a beta of 0.85.

BOX (NYSE:BOXGet Free Report) last issued its earnings results on Tuesday, March 5th. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. BOX had a negative return on equity of 11.10% and a net margin of 13.13%. The business had revenue of $262.88 million for the quarter, compared to analysts’ expectations of $262.92 million. Sell-side analysts expect that BOX will post 0.15 EPS for the current year.

Insider Buying and Selling at BOX

In other BOX news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $29.47, for a total transaction of $294,700.00. Following the sale, the chief executive officer now directly owns 3,048,653 shares of the company’s stock, valued at $89,843,803.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $29.47, for a total value of $294,700.00. Following the transaction, the chief executive officer now owns 3,048,653 shares in the company, valued at $89,843,803.91. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel J. Levin sold 73,660 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $28.40, for a total value of $2,091,944.00. Following the sale, the director now directly owns 43,940 shares of the company’s stock, valued at $1,247,896. The disclosure for this sale can be found here. Insiders have sold 133,660 shares of company stock worth $3,774,134 over the last three months. Company insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On BOX

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in BOX by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,207,010 shares of the software maker’s stock worth $56,523,000 after acquiring an additional 47,220 shares during the last quarter. Rhumbline Advisers raised its position in shares of BOX by 0.7% during the third quarter. Rhumbline Advisers now owns 205,861 shares of the software maker’s stock worth $4,984,000 after purchasing an additional 1,347 shares during the period. Burney Co. raised its position in shares of BOX by 19.0% during the third quarter. Burney Co. now owns 296,958 shares of the software maker’s stock worth $7,189,000 after purchasing an additional 47,421 shares during the period. Earnest Partners LLC grew its position in shares of BOX by 1.2% in the 3rd quarter. Earnest Partners LLC now owns 6,132,385 shares of the software maker’s stock valued at $148,465,000 after purchasing an additional 70,129 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of BOX by 10.3% during the fourth quarter. Russell Investments Group Ltd. now owns 492,333 shares of the software maker’s stock worth $12,619,000 after acquiring an additional 45,971 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for BOX (NYSE:BOX)

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