Wall Street Zen lowered shares of BOX (NYSE:BOX – Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.
A number of other equities analysts have also issued reports on BOX. Morgan Stanley upped their target price on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 26th. UBS Group raised their price target on shares of BOX from $29.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, August 26th. Citigroup boosted their price objective on shares of BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. DA Davidson increased their price objective on BOX from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Finally, Bank of America reissued a “buy” rating on shares of BOX in a research note on Wednesday, August 26th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $37.80.
Get Our Latest Stock Analysis on BOX
BOX Stock Performance
BOX (NYSE:BOX – Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The business had revenue of $321.15 million for the quarter, compared to the consensus estimate of $319.33 million. During the same quarter in the prior year, the company earned $0.33 EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. On average, analysts anticipate that BOX will post 0.32 EPS for the current fiscal year.
Insider Buying and Selling at BOX
In related news, COO Olivia Nottebohm sold 5,834 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $32.31, for a total transaction of $188,496.54. Following the completion of the sale, the chief operating officer directly owned 513,382 shares of the company’s stock, valued at $16,587,372.42. The trade was a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Eli Berkovitch sold 1,800 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $28.95, for a total transaction of $52,110.00. Following the completion of the transaction, the vice president owned 109,254 shares in the company, valued at $3,162,903.30. This represents a 1.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 71,696 shares of company stock worth $1,956,237 in the last 90 days. Corporate insiders own 3.99% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership grew its stake in shares of BOX by 9.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker’s stock worth $116,285,000 after purchasing an additional 407,733 shares during the period. California State Teachers Retirement System lifted its stake in BOX by 2,484.3% in the second quarter. California State Teachers Retirement System now owns 4,488,047 shares of the software maker’s stock valued at $119,113,000 after buying an additional 4,314,381 shares during the period. RGM Capital LLC boosted its holdings in BOX by 8.2% during the fourth quarter. RGM Capital LLC now owns 3,330,168 shares of the software maker’s stock worth $99,605,000 after buying an additional 251,520 shares during the last quarter. Sei Investments Co. boosted its holdings in BOX by 2.9% during the third quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker’s stock worth $107,033,000 after buying an additional 94,289 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in BOX by 823,134.5% during 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 buying an additional 3,053,829 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.
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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