Wall Street Zen lowered shares of BOX (NYSE:BOX – Free Report) from a buy rating to a hold rating in a report released on Sunday morning,Wall Street Zen reports.
A number of other research firms have also weighed in on BOX. DA Davidson raised their price target on shares of BOX from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Bank of America restated a “buy” rating on shares of BOX in a report on Wednesday, August 26th. Weiss Ratings raised shares of BOX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Morgan Stanley increased their price objective on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 26th. Finally, UBS Group lifted their target price on shares of BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 26th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, BOX presently has a consensus rating of “Hold” and an average target price of $37.80.
View Our Latest Analysis on BOX
BOX Stock Down 0.1%
BOX (NYSE:BOX – Get Free Report) last announced its earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $321.15 million for the quarter, compared to analysts’ expectations of $319.33 million. BOX had a negative return on equity of 20.97% and a net margin of 10.59%.BOX’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. 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, research analysts anticipate that BOX will post 0.32 EPS for the current year.
Insider Buying and Selling
In related news, Director Dana L. Evan sold 6,158 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $35.00, for a total transaction of $215,530.00. Following the completion of the sale, the director owned 115,739 shares in the company, valued at approximately $4,050,865. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Olivia Nottebohm sold 5,834 shares of BOX stock in a transaction dated 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 sale, the chief operating officer directly owned 513,382 shares in the company, valued at approximately $16,587,372.42. This represents a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 72,476 shares of company stock worth $2,364,766 in the last ninety days. Corporate insiders own 3.99% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its holdings in BOX by 12.1% in the third quarter. Versant Capital Management Inc now owns 2,910 shares of the software maker’s stock worth $97,000 after purchasing an additional 314 shares in the last quarter. Central Pacific Bank Trust Division boosted its holdings in shares of BOX by 8.6% during the 2nd quarter. Central Pacific Bank Trust Division now owns 7,064 shares of the software maker’s stock valued at $187,000 after buying an additional 560 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of BOX by 4.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,860 shares of the software maker’s stock valued at $399,000 after buying an additional 675 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of BOX by 8.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,018 shares of the software maker’s stock worth $331,000 after buying an additional 1,110 shares during the period. Finally, KBC Group NV grew its position in shares of BOX by 43.9% in the 1st quarter. KBC Group NV now owns 4,868 shares of the software maker’s stock worth $115,000 after buying an additional 1,485 shares during the period. 86.74% of the stock is currently owned by hedge funds and other institutional investors.
BOX Company Profile
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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