Box Inc (BOX) Gets a Buy Rating from D.A. Davidson

By Ryan Adsit

D.A. Davidson analyst Rishi Jaluria maintained a Buy rating on Box Inc (NYSE: BOX) today and set a price target of $30. The company’s shares closed yesterday at $26.61.

According to TipRanks.com, Jaluria is a 4-star analyst with an average return of 16.2% and a 80.8% success rate. Jaluria covers the Technology sector, focusing on stocks such as Varonis Systems, Instructure Inc, and Veeva Systems.

Currently, the analyst consensus on Box Inc is a Strong Buy with an average price target of $30, representing a 12.7% upside. In a report released yesterday, Oppenheimer also assigned a Buy rating to the stock with a $28 price target.

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The company has a one-year high of $29.79 and a one-year low of $17.25. Currently, Box Inc has an average volume of 3.9M.

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.