Box Inc Gets a Buy Rating from Rosenblatt Securities

By Carrie Williams

Rosenblatt Securities analyst Marshall Senk reiterated a Buy rating on Box Inc (NYSE: BOX) yesterday and set a price target of $25. The company’s shares closed yesterday at $19.02.

Senk wrote:

“We believe this could help clarify some confusion regarding how BOX is positioned vs. both One Drive and Sharepoint, which could shorten sales cycles. It is our view that this combi- nation could be more significant over time than the IBM relationship due to the prevalence of Office 365 in enterprise accounts.”

According to TipRanks.com, Senk is a 4-star analyst with an average return of 12.7% and a 79.5% success rate. Senk covers the Technology sector, focusing on stocks such as Barracuda Networks, Proofpoint Inc, and Salesforce.com.

Box Inc has an analyst consensus of Strong Buy, with a price target consensus of $23.17.

The company has a one year high of $20.91 and a one year low of $10.51. Currently, Box Inc has an average volume of 1.91M.

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. Last month, Rory O’Driscoll, a Director at BOX sold 274,756 shares for a total of $5,312,937.

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. provides an 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. 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. It enables people to securely view, share and collaborate on content, across multiple file formats and media types, integrates with enterprise business applications, and is compatible with multiple application environments, operating systems and devices. The company was founded by Aaron Levie, Dylan Smith, Jeff Queisser and Sam Ghods in March 2005 and is headquartered in Redwood City, CA.