In a report released yesterday, Marshall Senk from Rosenblatt Securities maintained a Hold rating on Box Inc (NYSE: BOX), with a price target of $25. The company’s shares closed yesterday at $23.70.
According to TipRanks.com, Senk is a 5-star analyst with an average return of 28.5% and a 84.4% success rate. Senk covers the Technology sector, focusing on stocks such as Proofpoint Inc, Salesforce.com, and Carbonite Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Box Inc with a $29.67 average price target, implying a 25.2% upside from current levels. In a report issued on August 22, Monness also maintained a Hold rating on the stock.
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Based on Box Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of $38.09 million. In comparison, last year the company had a GAAP net loss of $39.29 million.
Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, Rory O’Driscoll, a Director at BOX sold 200,000 shares for a total of $5,230,000.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Box, Inc. engages in the provision of enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device.
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