Shares of Box, Inc. (NYSE:BOX – Get Free Report) reached a new 52-week high during trading on Tuesday. The stock traded as high as $40.79 and last traded at $40.4570, with a volume of 4,022,407 shares trading hands. The stock had previously closed at $39.56.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Weiss Ratings upgraded shares of BOX from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. UBS Group upped their price target on BOX from $29.00 to $37.00 and gave the company a “neutral” rating in a 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. Bank of America reiterated a “buy” rating on shares of BOX in a research report on Wednesday, August 26th. Finally, Royal Bank Of Canada reissued an “underperform” rating and set a $26.00 price objective on shares of BOX in a research note on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, BOX currently has a consensus rating of “Hold” and an average target price of $37.80.
View Our Latest Analysis on BOX
BOX Price Performance
The stock’s fifty day moving average price is $34.53 and its 200-day moving average price is $29.40. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 58.63, a price-to-earnings-growth ratio of 10.40 and a beta of 0.72.
BOX (NYSE:BOX – Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $319.33 million. During the same quarter in the prior year, the firm 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. As a group, equities research analysts predict that Box, Inc. will post 0.32 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Dana L. Evan sold 6,158 shares of BOX stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $35.00, for a total transaction of $215,530.00. Following the transaction, the director owned 115,739 shares in the company, valued at approximately $4,050,865. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Aaron Levie sold 15,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $34.24, for a total value of $513,600.00. Following the transaction, the chief executive officer directly owned 2,859,673 shares in the company, valued at $97,915,203.52. The trade was a 0.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 70,135 shares of company stock valued at $2,447,157 over the last quarter. 3.99% of the stock is owned by insiders.
Institutional Investors Weigh In On BOX
Several hedge funds have recently bought and sold shares of BOX. Fortitude Family Office LLC grew its stake in BOX by 408.2% during the 3rd quarter. Fortitude Family Office LLC now owns 747 shares of the software maker’s stock valued at $25,000 after acquiring an additional 600 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of BOX in the 2nd quarter valued at about $56,000. Farther Finance Advisors LLC increased its holdings in shares of BOX by 34.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,195 shares of the software maker’s stock valued at $73,000 after purchasing an additional 567 shares during the period. Versant Capital Management Inc increased its holdings in shares of BOX by 12.1% in the 3rd quarter. Versant Capital Management Inc now owns 2,910 shares of the software maker’s stock valued at $97,000 after purchasing an additional 314 shares during the period. Finally, Globeflex Capital L P purchased a new stake in shares of BOX in the second quarter worth approximately $102,000. 86.74% of the stock is owned by hedge funds and other institutional investors.
BOX Company Profile
Box, Inc (NYSE:BOX) provides cloud-based content management and collaboration solutions for businesses and other organizations. Its platform, known as the Box Content Cloud, enables customers to securely store, organize, access and share files from connected devices while supporting collaboration across teams and locations.
The company’s offerings include cloud content storage and collaboration tools, workflow automation, document and content management, electronic signatures through Box Sign, and security, compliance and governance capabilities.
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