BOX (NYSE:BOX) Price Target Raised to $60.00

Key Points

• DA Davidson raised its BOX price target to $60 from $50 and maintained a Buy rating, implying 43.45% upside from the stock’s then-current price.
• Analyst views are mixed: BOX has an average “Hold” rating and an average price target of $39.80, with three Buy, four Hold, and one Sell ratings.
• BOX reported quarterly revenue of $321.15 million, up 9.2% year over year, and earnings per share of $0.40, matching consensus estimates.

BOX (NYSE:BOX - Get Free Report) had its price target lifted by investment analysts at DA Davidson from $50.00 to $60.00 in a research report issued on Monday, Benzinga reports. The firm presently has a "buy" rating on the software maker's stock. DA Davidson's target price would indicate a potential upside of 43.45% from the stock's current price.

Several other analysts have also issued reports on the stock. Wall Street Zen lowered shares of BOX from a "buy" rating to a "hold" rating in a research report on Sunday, October 4th. UBS Group lifted their price objective on BOX from $29.00 to $37.00 and gave the stock a "neutral" rating in a report on Wednesday, August 26th. Royal Bank Of Canada reissued an "underperform" rating and issued a $26.00 target price on shares of BOX in a research note on Wednesday, August 26th. Weiss Ratings upgraded BOX from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, October 6th. Finally, Bank of America restated a "buy" rating on shares of BOX in a research report on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, BOX has an average rating of "Hold" and an average price target of $39.80.

BOX Stock Performance

BOX traded down $0.12 during midday trading on Monday, hitting $41.83. The stock had a trading volume of 1,105,745 shares, compared to its average volume of 2,658,309. The company has a market cap of $5.74 billion, a P/E ratio of 60.50, a price-to-earnings-growth ratio of 11.03 and a beta of 0.65. The business has a fifty day moving average of $37.24 and a 200 day moving average of $29.17. BOX has a 1 year low of $21.34 and a 1 year high of $44.88.

BOX (NYSE:BOX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 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 firm had revenue of $321.15 million for the quarter, compared to the consensus estimate of $319.33 million. During the same period last year, the firm posted $0.33 earnings per share. The business's revenue was up 9.2% compared to the same quarter last year. 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, equities research analysts anticipate that BOX will post 0.32 earnings per share for the current year.

Insider Transactions at BOX

In related news, VP Eli Berkovitch sold 3,850 shares of the firm's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $35.99, for a total value of $138,561.50. Following the sale, the vice president directly owned 105,404 shares of the company's stock, valued at $3,793,489.96. This trade represents a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dana L. Evan sold 6,158 shares of the business's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $35.00, for a total value of $215,530.00. Following the transaction, the director owned 115,739 shares in the company, valued at approximately $4,050,865. This represents a 5.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 69,594 shares of company stock valued at $2,478,743. Company insiders own 3.99% of the company's stock.

Hedge Funds Weigh In On BOX

Several hedge funds have recently made changes to their positions 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 acquiring an additional 242 shares in the last quarter. Hohimer Wealth Management LLC increased its position in shares of BOX by 3.0% during the third quarter. Hohimer Wealth Management LLC now owns 9,297 shares of the software maker's stock valued at $311,000 after buying an additional 269 shares during the period. Myecfo LLC raised its stake in BOX by 1.9% in the third quarter. Myecfo LLC now owns 16,476 shares of the software maker's stock worth $552,000 after buying an additional 304 shares in the last quarter. D.A. Davidson & CO. raised its stake in BOX by 3.6% in the third quarter. D.A. Davidson & CO. now owns 8,865 shares of the software maker's stock worth $297,000 after buying an additional 310 shares in the last quarter. Finally, Versant Capital Management Inc lifted 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 buying an additional 314 shares during the period. 86.74% of the stock is owned by hedge funds and other institutional investors.

About BOX

Box, Inc provides a cloud-based content management platform that helps organizations store, manage, share, and collaborate on files. Its services support document workflows across desktop and mobile devices.

The Box platform includes tools for content collaboration, workflow automation, security, and governance. It also integrates with business applications and offers AI features designed to help customers work with their stored content.

Founded in 2005 by Aaron Levie and Dylan Smith, Box serves businesses and other organizations across multiple regions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.