The Pacific Crest Reaffirms Overweight Rating for Box Inc (BOX)

The Pacific Crest Reaffirms Overweight Rating for Box Inc (BOX)

A number of other research firms have also recently weighed in on BOX. FIG Partners reissued an outperform rating on shares of Box in a research note on Thursday, March 2nd. Drexel Hamilton upped their target price on shares of Box from $22.00 to $26.00 and gave the company a positive rating in a research note on Thursday, March 2nd. Rosenblatt Securities reissued a buy rating and issued a $25.00 target price on shares of Box in a research note on Tuesday, February 21st. Canaccord Genuity reissued a buy rating and issued a $19.00 target price on shares of Box in a research note on Friday, February 24th. Finally, Zacks Investment Research cut shares of Box from a buy rating to a hold rating in a research note on Tuesday, January 31st. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $22.24.

Pacific Crest reiterated their overweight rating on shares of Box Inc (NYSE:BOX) in a research note issued to investors on Wednesday. They currently have a $25.00 price target on the software maker’s stock.

Box (NYSE BOX) opened at 19.97 on Wednesday. Box has a 52 week low of $9.86 and a 52 week high of $20.91. The firm’s market capitalization is $2.55 billion. The firm has a 50-day moving average price of $17.95 and a 200-day moving average price of $16.64.

In related news, COO Daniel J. Levin sold 40,000 shares of the stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $16.96, for a total value of $678,400.00. Following the transaction, the chief operating officer now directly owns 3,752 shares in the company, valued at $63,633.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Daniel J. Levin sold 20,000 shares of the stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $17.00, for a total transaction of $340,000.00. Following the completion of the transaction, the chief operating officer now owns 3,752 shares in the company, valued at $63,784. The disclosure for this sale can be found here. Insiders sold 771,186 shares of company stock worth $12,849,908 over the last 90 days. 22.30% of the stock is currently owned by company insiders. A number of institutional investors have recently made changes to their positions in the stock. Bares Capital Management Inc. raised its position in shares of Box by 2.7% in the first quarter. Bares Capital Management Inc. now owns 5,926,050 shares of the software maker’s stock valued at $96,654,000 after buying an additional 157,644 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Box during the first quarter valued at $248,000. potrero capital research llc raised its position in shares of Box by 30.7% in the first quarter. potrero capital research llc now owns 335,734 shares of the software maker’s stock valued at $5,476,000 after buying an additional 78,955 shares in the last quarter. State Street Corp raised its position in shares of Box by 6.1% in the first quarter. State Street Corp now owns 875,932 shares of the software maker’s stock valued at $14,287,000 after buying an additional 50,372 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new position in shares of Box during the first quarter valued at $177,000. Institutional investors and hedge funds own 27.65% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BOX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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