Shares of Box, Inc. (NYSE:BOX – Get Free Report) have received an average rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $35.3333.
BOX has been the subject of a number of research analyst reports. Morgan Stanley decreased their price target on BOX from $38.00 to $33.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. William Blair reiterated a “market perform” rating on shares of BOX in a research note on Monday, March 23rd. DA Davidson reiterated a “buy” rating and issued a $45.00 price target on shares of BOX in a research note on Wednesday, May 27th. UBS Group increased their price target on BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen cut BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th.
View Our Latest Research Report on BOX
BOX Price Performance
BOX (NYSE:BOX – Get Free Report) last issued its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The company had revenue of $305.94 million for the quarter, compared to the consensus estimate of $304.39 million. During the same quarter last year, the company earned $0.30 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. On average, analysts anticipate that BOX will post 0.34 EPS for the current year.
BOX announced that its board has approved a share repurchase plan on Thursday, March 19th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the software maker to purchase up to 14.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
Insider Buying and Selling
In other news, CFO Dylan C. Smith sold 23,720 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $24.96, for a total value of $592,051.20. Following the completion of the transaction, the chief financial officer directly owned 1,381,049 shares in the company, valued at $34,470,983.04. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Olivia Nottebohm sold 12,470 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $25.17, for a total value of $313,869.90. Following the completion of the transaction, the chief operating officer owned 558,739 shares of the company’s stock, valued at approximately $14,063,460.63. The trade was a 2.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 143,386 shares of company stock valued at $3,505,620 in the last 90 days. 3.99% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of BOX. Northwestern Mutual Wealth Management Co. raised its stake in shares of BOX by 823,134.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock worth $91,351,000 after purchasing an additional 3,053,829 shares during the last quarter. Norges Bank purchased a new position in shares of BOX in the fourth quarter worth about $58,814,000. Qube Research & Technologies Ltd raised its stake in shares of BOX by 240.6% in the second quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker’s stock worth $41,354,000 after purchasing an additional 854,953 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of BOX in the second quarter worth about $22,626,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of BOX by 15.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker’s stock worth $134,932,000 after purchasing an additional 604,946 shares during the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.
About BOX
Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.
The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.
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