BOX (NYSE:BOX) Price Target Lowered to $31.00 at UBS Group

BOX (NYSE:BOXGet Free Report) had its price target cut by research analysts at UBS Group from $34.00 to $31.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. UBS Group’s target price suggests a potential upside of 13.97% from the company’s current price.

BOX has been the subject of a number of other reports. Citigroup raised their price target on BOX from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Morgan Stanley lowered their target price on shares of BOX from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday. TheStreet raised shares of BOX from a “c” rating to a “b” rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. boosted their price objective on shares of BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Finally, StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th. 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 company’s stock. Based on data from MarketBeat, BOX currently has an average rating of “Moderate Buy” and an average target price of $30.33.

Check Out Our Latest Research Report on BOX

BOX Stock Performance

BOX stock traded up $2.16 during mid-day trading on Wednesday, reaching $27.20. 1,301,995 shares of the stock traded hands, compared to its average volume of 2,021,312. BOX has a one year low of $23.29 and a one year high of $31.94. The stock has a market capitalization of $3.93 billion, a PE ratio of 40.57, a PEG ratio of 8.71 and a beta of 0.85. The business has a 50-day moving average price of $26.99 and a two-hundred day moving average price of $26.51.

BOX (NYSE:BOXGet Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The software maker reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. The company had revenue of $262.88 million for the quarter, compared to the consensus estimate of $262.92 million. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. On average, equities analysts expect that BOX will post 0.15 earnings per share for the current fiscal year.

Insider Activity at BOX

In other news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction that occurred on Monday, March 11th. The shares were 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 of the company’s stock, valued at approximately $89,843,803.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $29.26, for a total transaction of $380,380.00. Following the sale, the chief financial officer now owns 1,395,702 shares in the company, valued at $40,838,240.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the chief executive officer now owns 3,048,653 shares in the company, valued at approximately $89,843,803.91. The disclosure for this sale can be found here. Insiders have sold a total of 133,660 shares of company stock valued at $3,774,134 over the last ninety days. 4.10% of the stock is owned by company insiders.

Institutional Trading of BOX

Several large investors have recently bought and sold shares of BOX. DekaBank Deutsche Girozentrale acquired a new position in shares of BOX in the third quarter valued at about $38,000. a16z Perennial Management L.P. purchased a new position in BOX during the 4th quarter worth approximately $48,000. TFO Wealth Partners LLC lifted its stake in BOX by 62,000.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker’s stock valued at $48,000 after acquiring an additional 1,860 shares during the period. Covestor Ltd boosted its holdings in shares of BOX by 27.3% in the 1st quarter. Covestor Ltd now owns 4,312 shares of the software maker’s stock valued at $122,000 after acquiring an additional 924 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of BOX by 17.0% in the fourth quarter. Blue Trust Inc. now owns 6,165 shares of the software maker’s stock worth $149,000 after acquiring an additional 897 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

About BOX

(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.

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Analyst Recommendations for BOX (NYSE:BOX)

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