BOX (NYSE:BOX) Rating Lowered to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded BOX from “buy” to “hold.” MarketBeat reports an overall “Hold” consensus, with an average analyst price target of $37.80.
• BOX shares opened at $34.99, near their 52-week high of $36.16. The company’s latest quarterly results met EPS expectations at $0.40 and slightly exceeded revenue estimates, with revenue rising 9.2% year over year to $321.15 million.
• Institutional investors own 86.74% of BOX, while insiders have sold 71,696 shares worth about $1.96 million over the past 90 days.

BOX (NYSE:BOX - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

Other research analysts have also issued research reports about the stock. DA Davidson upped their price target on shares of BOX from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday. UBS Group lifted their price objective on shares of BOX from $29.00 to $37.00 and gave the stock a "neutral" rating in a research note on Wednesday. Bank of America reissued a "buy" rating on shares of BOX in a report on Wednesday. Citigroup upped their target price on BOX from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Weiss Ratings upgraded BOX from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $37.80.

BOX Stock Performance

Shares of NYSE BOX opened at $34.99 on Friday. BOX has a fifty-two week low of $21.34 and a fifty-two week high of $36.16. The company has a market cap of $4.84 billion, a PE ratio of 50.71, a P/E/G ratio of 13.36 and a beta of 0.73. The business has a 50-day simple moving average of $30.41 and a two-hundred day simple moving average of $26.56.

BOX (NYSE:BOX - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $321.15 million for the quarter, compared to the consensus estimate of $319.33 million. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The company's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, sell-side analysts predict that BOX will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Olivia Nottebohm sold 5,834 shares of the firm's 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 sale, the chief operating officer directly owned 513,382 shares of the company's stock, valued at $16,587,372.42. This trade represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dylan C. Smith sold 17,000 shares of BOX stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $29.05, for a total value of $493,850.00. Following the transaction, the chief financial officer owned 1,337,075 shares of the company's stock, valued at approximately $38,842,028.75. This represents a 1.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 71,696 shares of company stock worth $1,956,237 over the last ninety days. 3.99% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BOX

A number of hedge funds and other institutional investors have recently made changes to their positions in BOX. Principal Financial Group Inc. grew its position in BOX by 10.2% during the first quarter. Principal Financial Group Inc. now owns 1,010,921 shares of the software maker's stock valued at $23,898,000 after buying an additional 93,516 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of BOX in the second quarter worth about $484,000. Fort Washington Investment Advisors Inc. OH raised its position in shares of BOX by 4.4% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,029,407 shares of the software maker's stock worth $24,335,000 after acquiring an additional 43,520 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of BOX during the 4th quarter worth about $2,247,000. Finally, Janus Henderson Group PLC boosted its stake in shares of 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 acquiring an additional 491,505 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company's stock.

About BOX

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box's services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.

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