Box, Inc. (NYSE:BOX – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Monday. The company traded as high as $43.22 and last traded at $43.1010, with a volume of 2,669,647 shares. The stock had previously closed at $43.18.
Analyst Ratings Changes
BOX has been the subject of several research reports. Morgan Stanley boosted their price target on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 26th. Weiss Ratings raised BOX from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. UBS Group increased 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. Citigroup lifted their target price on BOX from $37.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Finally, Royal Bank Of Canada reissued an “underperform” rating and set a $26.00 target price on shares of BOX in a research note 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $37.80.
BOX Trading Down 1.6%
The firm’s fifty day simple moving average is $35.65 and its 200 day simple moving average is $28.55. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 61.61 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 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. BOX’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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, sell-side analysts expect that Box, Inc. will post 0.32 EPS for the current year.
Insider Buying and Selling
In other news, CEO Aaron Levie sold 15,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $34.24, for a total transaction of $513,600.00. Following the completion of the transaction, the chief executive officer directly owned 2,859,673 shares of the company’s stock, valued at approximately $97,915,203.52. This represents a 0.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Olivia Nottebohm sold 5,293 shares of the company’s stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of $41.58, for a total value of $220,082.94. Following the transaction, the chief operating officer directly owned 481,466 shares of the company’s stock, valued at approximately $20,019,356.28. This represents a 1.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 75,428 shares of company stock valued at $2,667,239 over the last 90 days. 3.99% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On BOX
Institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its holdings in BOX by 5.8% in the third quarter. Signaturefd LLC now owns 4,403 shares of the software maker’s stock valued at $147,000 after purchasing an additional 242 shares in the last quarter. Myecfo LLC lifted its position in shares of BOX by 1.9% during the 3rd quarter. Myecfo LLC now owns 16,476 shares of the software maker’s stock worth $552,000 after buying an additional 304 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of BOX by 12.1% during the 3rd quarter. Versant Capital Management Inc now owns 2,910 shares of the software maker’s stock worth $97,000 after buying an additional 314 shares during the last quarter. Smith Group Asset Management LLC boosted its holdings in shares of BOX by 1.4% in the 3rd quarter. Smith Group Asset Management LLC now owns 27,120 shares of the software maker’s stock valued at $908,000 after buying an additional 366 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its holdings in shares of BOX by 8.6% in 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. Hedge funds and other institutional investors own 86.74% of the company’s stock.
About BOX
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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