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

StockNews.com upgraded shares of BOX (NYSE:BOX) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday.

A number of other equities analysts also recently issued reports on BOX. Raymond James lowered their price target on BOX from $33.00 to $30.00 and set an outperform rating on the stock in a research report on Wednesday, December 6th. KeyCorp reduced their price target on BOX from $33.00 to $30.00 and set an overweight rating on the stock in a report on Wednesday, December 6th. JMP Securities reissued a market outperform rating and set a $32.00 price objective on shares of BOX in a research report on Wednesday, March 20th. UBS Group raised their price objective on BOX from $33.00 to $34.00 and gave the stock a buy rating in a research report on Wednesday, March 6th. Finally, TheStreet raised BOX from a c rating to a b rating in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $30.89.

BOX Stock Performance

Shares of BOX opened at $28.32 on Tuesday. The stock has a 50-day moving average of $27.27 and a two-hundred day moving average of $25.93. BOX has a one year low of $23.29 and a one year high of $31.94. The stock has a market cap of $4.09 billion, a P/E ratio of 42.27, a P/E/G ratio of 8.69 and a beta of 0.83.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, March 5th. The software maker reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The company had revenue of $262.88 million during the quarter, compared to analysts’ expectations of $262.92 million. BOX had a negative return on equity of 9.46% and a net margin of 12.43%. Analysts predict that BOX will post 0.16 EPS for the current fiscal year.

Insider Transactions at BOX

In other news, CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $29.47, for a total transaction of $294,700.00. Following the completion of the transaction, 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 filing with the SEC, which is accessible through this link. In other news, CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $29.47, for a total transaction of $294,700.00. Following the completion of the transaction, 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 filing with the SEC, which is accessible through this link. Also, Director Dana L. Evan sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $28.47, for a total value of $313,170.00. Following the sale, the director now owns 116,535 shares of the company’s stock, valued at approximately $3,317,751.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 141,410 shares of company stock valued at $3,954,419. 4.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BOX

Several institutional investors have recently added to or reduced their stakes in BOX. Fairfield Bush & CO. purchased a new stake in BOX in the first quarter valued at approximately $29,000. Pinebridge Investments L.P. acquired a new position in shares of BOX in the second quarter valued at approximately $36,000. Quarry LP increased its holdings in shares of BOX by 318.2% in the first quarter. Quarry LP now owns 1,330 shares of the software maker’s stock valued at $36,000 after purchasing an additional 1,012 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of BOX in the third quarter valued at approximately $38,000. Finally, a16z Perennial Management L.P. acquired a new position in shares of BOX in the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

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.