Box, Inc. (NYSE:BOX) Stock Has Average Target Price of $37.80 According to Analysts

Shares of Box, Inc. (NYSE:BOX – Get Free Report) have received an average rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $37.80.

Several equities research analysts recently weighed in on BOX shares. Weiss Ratings upgraded shares of BOX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Citigroup boosted their target price on shares of BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. UBS Group raised their price objective on BOX from $29.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 26th. Bank of America reiterated a “buy” rating on shares of BOX in a report on Wednesday, August 26th. Finally, Wall Street Zen upgraded BOX from a “hold” rating to a “buy” rating in a report on Saturday, September 26th.

Check Out Our Latest Analysis on BOX

Insider Buying and Selling

In other BOX news, COO Olivia Nottebohm sold 5,834 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $32.31, for a total transaction of $188,496.54. Following the completion of the transaction, the chief operating officer owned 513,382 shares in the company, valued at $16,587,372.42. The trade was a 1.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Dylan C. Smith sold 17,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $34.52, for a total value of $586,840.00. Following the transaction, the chief financial officer directly owned 1,320,075 shares in the company, valued at approximately $45,568,989. This represents a 1.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 72,476 shares of company stock worth $2,364,766 over the last three months. 3.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership boosted its holdings in shares of BOX by 9.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker’s stock valued at $116,285,000 after purchasing an additional 407,733 shares during the period. Dimensional Fund Advisors LP grew its stake in BOX by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker’s stock worth $63,232,000 after purchasing an additional 13,983 shares in the last quarter. Norges Bank purchased a new position in BOX during the 4th quarter worth $58,814,000. Janus Henderson Group PLC increased its holdings in BOX by 74.9% during the 1st quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker’s stock worth $27,141,000 after purchasing an additional 491,505 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its position in BOX by 4.4% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,029,407 shares of the software maker’s stock valued at $24,335,000 after purchasing an additional 43,520 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors.

BOX Stock Performance

Shares of BOX stock opened at $34.46 on Wednesday. BOX has a 52-week low of $21.34 and a 52-week high of $36.34. The company has a 50-day simple moving average of $33.33 and a two-hundred day simple moving average of $28.33. The stock has a market capitalization of $4.73 billion, a PE ratio of 49.94, a price-to-earnings-growth ratio of 11.28 and a beta of 0.72.

BOX (NYSE:BOX – Get Free Report) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. BOX had a negative return on equity of 20.97% and a net margin of 10.59%.The business had revenue of $321.15 million for the quarter, compared to the consensus estimate of $319.33 million. During the same period in the previous year, the business earned $0.33 earnings per share. The business’s 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. As a group, equities research analysts forecast that BOX will post 0.32 EPS for the current fiscal year.

BOX Company Profile

(Get Free Report)

Box, Inc provides cloud-based content management and file-sharing services for businesses and other organizations. Its platform, known as Box Content Cloud, enables users to securely store, access, share and collaborate on documents and other digital content from connected devices.

The company’s services include tools for workflow automation, electronic signatures, content governance, security, compliance and collaboration. Box also offers integrations with widely used business applications, helping organizations manage content across their existing technology environments.

Box was founded in 2005 by Aaron Levie, Dylan Smith, Sam Ghods and Jeff Queisser.

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Analyst Recommendations for BOX (NYSE:BOX)

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