Box Inc. (BOX) Given “Hold” Rating at Stifel Nicolaus
Several other equities analysts have also recently weighed in on BOX. Canaccord Genuity reiterated a buy rating and set a $17.00 price objective on shares of Box in a research report on Tuesday, September 13th. Zacks Investment Research upgraded shares of Box from a sell rating to a hold rating in a research report on Thursday, September 1st. Oppenheimer Holdings Inc. reiterated an outperform rating and set a $18.00 price objective on shares of Box in a research report on Monday, September 5th. Vetr cut shares of Box from a buy rating to a hold rating and set a $14.11 price objective on the stock. in a research report on Wednesday, August 31st. Finally, Mitsubishi UFJ Financial Group began coverage on shares of Box in a research report on Friday, September 16th. They set a neutral rating and a $15.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $17.90.
Box (NYSE:BOX) traded up 0.06% during midday trading on Monday, reaching $15.66. The company had a trading volume of 155,835 shares. The company’s market capitalization is $1.99 billion. The company’s 50 day moving average is $14.52 and its 200-day moving average is $12.47. Box has a 52-week low of $8.82 and a 52-week high of $16.59.
Box (NYSE:BOX) last posted its quarterly earnings data on Wednesday, August 31st. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.05. Box had a negative net margin of 52.12% and a negative return on equity of 133.73%. The firm had revenue of $95.70 million for the quarter, compared to analysts’ expectations of $94.65 million. During the same period in the previous year, the company posted ($0.28) EPS. The company’s quarterly revenue was up 30.2% compared to the same quarter last year. Equities analysts expect that Box will post ($0.68) earnings per share for the current fiscal year.
In other Box news, COO Daniel J. Levin sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $16.38, for a total value of $81,900.00. Following the transaction, the chief operating officer now directly owns 3,752 shares in the company, valued at $61,457.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jeff Mannie sold 3,756 shares of the business’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $14.67, for a total transaction of $55,100.52. The disclosure for this sale can be found here. 22.30% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Bares Capital Management Inc. raised its position in Box by 48.6% in the second quarter. Bares Capital Management Inc. now owns 5,136,447 shares of the company’s stock worth $53,111,000 after buying an additional 1,680,699 shares during the period. Coatue Management LLC raised its position in shares of Box by 6.5% in the second quarter. Coatue Management LLC now owns 4,058,589 shares of the company’s stock worth $41,966,000 after buying an additional 247,205 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Box by 18.8% in the second quarter. Vanguard Group Inc. now owns 2,496,539 shares of the company’s stock worth $25,814,000 after buying an additional 395,010 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Box by 266.2% in the second quarter. BlackRock Fund Advisors now owns 1,151,475 shares of the company’s stock worth $11,906,000 after buying an additional 837,075 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Box by 50.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,122,049 shares of the company’s stock worth $11,602,000 after buying an additional 374,654 shares during the last quarter. Hedge funds and other institutional investors own 26.87% of the company’s stock.
Box Company Profile
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.
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