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

Key Points

• Wall Street Zen downgraded BOX from “Buy” to “Hold.” The broader analyst consensus is also “Hold,” with three Buy, four Hold and one Sell rating, and an average price target of $37.80.
• BOX reported quarterly EPS of $0.40, matching estimates, while revenue of $321.15 million exceeded expectations and increased 9.2% year over year. The stock opened at $34.46 and has traded between $21.34 and $36.34 over the past year.
• Insiders sold shares recently: executives and directors sold 72,476 shares worth approximately $2.36 million over the last quarter, while institutional investors remain major holders with 86.74% ownership.

BOX (NYSE:BOX - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Sunday, Wall Street Zen reports.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada reaffirmed an "underperform" rating and set a $26.00 target price on shares of BOX in a report on Wednesday, August 26th. UBS Group increased their price target on BOX from $29.00 to $37.00 and gave the company a "neutral" rating in a research note on Wednesday, August 26th. Morgan Stanley raised their price objective on BOX from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 26th. Bank of America reaffirmed a "buy" rating on shares of BOX in a research note on Wednesday, August 26th. Finally, DA Davidson upped their target price on BOX from $45.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, August 26th. Three investment 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 MarketBeat, BOX has a consensus rating of "Hold" and an average target price of $37.80.

BOX Price Performance

BOX stock opened at $34.46 on Friday. The business has a 50 day moving average of $33.33 and a 200-day moving average of $28.33. The company has a market capitalization of $4.73 billion, a P/E ratio of 49.94, a P/E/G ratio of 11.24 and a beta of 0.72. BOX has a 1 year low of $21.34 and a 1 year high of $36.34.

BOX (NYSE:BOX - Get Free Report) last posted its 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 business 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 company earned $0.33 EPS. The firm'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. Equities analysts anticipate that BOX will post 0.32 EPS for the current year.

Insider Activity at BOX

In related news, Director Dana L. Evan sold 6,158 shares of the business's stock in a transaction on Tuesday, September 15th. The shares were 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 $4,050,865. The trade was a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Eli Berkovitch sold 3,850 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $35.99, for a total transaction of $138,561.50. Following the transaction, the vice president directly owned 105,404 shares in the company, valued at approximately $3,793,489.96. This represents a 3.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 72,476 shares of company stock worth $2,364,766. Corporate insiders own 3.99% of the company's stock.

Hedge Funds Weigh In On BOX

Several institutional investors have recently made changes to their positions in BOX. Arrowstreet Capital Limited Partnership raised its position in shares of BOX by 9.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker's stock worth $116,285,000 after purchasing an additional 407,733 shares during the period. Dimensional Fund Advisors LP grew its position in BOX by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker's stock valued at $63,232,000 after purchasing an additional 13,983 shares during the period. Norges Bank acquired a new stake in BOX in the 4th quarter valued at $58,814,000. Janus Henderson Group PLC increased its stake in BOX by 74.9% during the 1st quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker's stock valued at $27,141,000 after purchasing an additional 491,505 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in BOX by 4.4% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,029,407 shares of the software maker's stock valued at $24,335,000 after purchasing an additional 43,520 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company's stock.

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.

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.