DA Davidson Begins Coverage on BOX (NYSE:BOX)

Equities research analysts at DA Davidson started coverage on shares of BOX (NYSE:BOX) in a research note issued on Wednesday, Marketbeat reports. The firm set a “buy” rating and a $45.00 price target on the software maker’s stock. DA Davidson’s price target would indicate a potential upside of 40.36% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Morgan Stanley lifted their price target on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. UBS Group upped their price target on shares of BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. William Blair reiterated an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Bank of America initiated coverage on BOX in a research report on Thursday, December 12th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, BOX has an average rating of “Moderate Buy” and an average target price of $35.89.

BOX Stock Up 0.2 %

NYSE:BOX opened at $32.06 on Wednesday. The firm has a market capitalization of $4.61 billion, a PE ratio of 40.08 and a beta of 0.86. BOX has a twelve month low of $24.28 and a twelve month high of $35.74. The stock’s 50-day simple moving average is $33.09 and its 200 day simple moving average is $30.29.

Insider Transactions at BOX

In other BOX news, CEO Aaron Levie sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $32.54, for a total transaction of $325,400.00. Following the completion of the sale, the chief executive officer now owns 2,999,155 shares of the company’s stock, valued at approximately $97,592,503.70. This represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jack R. Lazar sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total transaction of $86,875.00. Following the completion of the transaction, the director now owns 26,697 shares in the company, valued at $927,720.75. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 62,178 shares of company stock worth $2,046,898 over the last ninety days. 4.10% of the stock is owned by insiders.

Institutional Trading of BOX

A number of large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in shares of BOX by 10.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker’s stock valued at $44,900,000 after purchasing an additional 134,175 shares in the last quarter. Bank of Montreal Can lifted its stake in BOX by 16.0% in the second quarter. Bank of Montreal Can now owns 351,850 shares of the software maker’s stock valued at $9,514,000 after buying an additional 48,633 shares during the period. Versor Investments LP acquired a new stake in shares of BOX during the 3rd quarter worth approximately $1,221,000. Townsquare Capital LLC bought a new stake in shares of BOX in the 3rd quarter valued at $2,021,000. Finally, Petrus Trust Company LTA bought a new stake in shares of BOX in the 3rd quarter valued at $615,000. 86.74% of the stock is currently owned by institutional investors and hedge funds.

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.