BOX (NYSE:BOX) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Monday. They currently have a $24.14 price target on the software maker’s stock. Vetr‘s price objective would suggest a potential upside of 0.54% from the company’s previous close.
BOX has been the subject of a number of other reports. JMP Securities upped their price objective on shares of BOX to $25.00 and gave the stock an “outperform” rating in a report on Thursday, November 30th. Oppenheimer reiterated a “buy” rating and issued a $24.00 price objective on shares of BOX in a report on Thursday, November 30th. DA Davidson assumed coverage on shares of BOX in a report on Thursday, February 15th. They issued a “buy” rating and a $25.00 price objective for the company. Zacks Investment Research cut shares of BOX from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $25.00 price objective on shares of BOX in a report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. BOX presently has a consensus rating of “Buy” and a consensus target price of $24.40.
Shares of BOX (NYSE:BOX) opened at $24.01 on Monday. The stock has a market cap of $3,270.00, a price-to-earnings ratio of -20.01 and a beta of 1.20. BOX has a fifty-two week low of $15.73 and a fifty-two week high of $24.41. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.53.
In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $20.42, for a total transaction of $265,460.00. Following the completion of the sale, the chief financial officer now directly owns 13,000 shares in the company, valued at $265,460. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rory O’driscoll sold 600,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $20.50, for a total transaction of $12,300,000.00. The disclosure for this sale can be found here. Insiders have sold 2,065,309 shares of company stock valued at $43,227,222 over the last 90 days. Corporate insiders own 20.59% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in BOX. Ameriprise Financial Inc. bought a new stake in BOX during the second quarter valued at about $2,932,000. FMR LLC boosted its holdings in BOX by 353.6% during the second quarter. FMR LLC now owns 554,608 shares of the software maker’s stock valued at $10,116,000 after acquiring an additional 432,344 shares during the period. California Public Employees Retirement System acquired a new position in shares of BOX during the second quarter valued at about $239,000. Ark Investment Management LLC raised its position in shares of BOX by 113.3% during the second quarter. Ark Investment Management LLC now owns 25,765 shares of the software maker’s stock valued at $470,000 after buying an additional 13,685 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of BOX by 24.2% during the second quarter. Parametric Portfolio Associates LLC now owns 25,980 shares of the software maker’s stock valued at $474,000 after buying an additional 5,064 shares during the last quarter. Institutional investors own 67.82% of the company’s stock.
Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.
To view Vetr’s full report, visit Vetr’s official website.
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