BOX (NYSE:BOX) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded BOX from “hold” to “buy,” though the broader analyst consensus remains “Hold” with an average price target of $37.80.
• BOX reported quarterly EPS of $0.40, in line with estimates, while revenue reached $321.15 million—up 9.2% year over year and slightly above expectations.
• The stock opened at $31.39, down 2.9%, while insiders sold approximately $2.36 million of shares over the past three months; institutional investors own 86.74% of BOX.

BOX (NYSE:BOX - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.

BOX has been the topic of several other reports. DA Davidson boosted their target price on BOX from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, August 26th. Morgan Stanley lifted their price target on shares of BOX from $33.00 to $36.00 and gave the company an "equal weight" rating in a report on Wednesday, August 26th. Royal Bank Of Canada reissued an "underperform" rating and set a $26.00 price objective on shares of BOX in a research report on Wednesday, August 26th. Citigroup increased their price target on shares of BOX from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, August 26th. Finally, Weiss Ratings raised BOX from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, July 23rd. Three equities 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. Based on data from MarketBeat, BOX presently has an average rating of "Hold" and an average price target of $37.80.

BOX Stock Down 2.9%

NYSE:BOX opened at $31.39 on Friday. The firm has a market capitalization of $4.31 billion, a P/E ratio of 45.49, a P/E/G ratio of 10.53 and a beta of 0.73. The company has a fifty day moving average of $32.93 and a 200 day moving average of $28.04. BOX has a 52 week low of $21.34 and a 52 week high of $36.34.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.40. The firm had revenue of $321.15 million for the quarter, compared to analysts' expectations 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 previous year, the company earned $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, analysts anticipate that BOX will post 0.32 EPS for the current year.

Insider Activity

In related news, Director Dana L. Evan sold 6,158 shares of the firm's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $35.00, for a total value of $215,530.00. Following the transaction, the director directly owned 115,739 shares of the company's stock, valued at approximately $4,050,865. This trade represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aaron Levie sold 15,000 shares of the firm's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $34.24, for a total value of $513,600.00. Following the completion of the transaction, the chief executive officer directly owned 2,859,673 shares in the company, valued at $97,915,203.52. This trade represents a 0.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 72,476 shares of company stock valued at $2,364,766 over the last three months. Corporate insiders own 3.99% of the company's stock.

Institutional Investors Weigh In On BOX

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of BOX during the fourth quarter valued at $58,814,000. Arrowstreet Capital Limited Partnership raised its stake in BOX by 15.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker's stock valued at $134,932,000 after buying an additional 604,946 shares during the last quarter. Wellington Management Group LLP raised its stake in BOX by 5,002.2% in the second quarter. Wellington Management Group LLP now owns 515,932 shares of the software maker's stock valued at $13,693,000 after buying an additional 505,820 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in BOX by 13,002.6% in the first quarter. Pacer Advisors Inc. now owns 502,355 shares of the software maker's stock worth $11,876,000 after acquiring an additional 498,521 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of BOX by 74.9% during the first 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 during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Company Profile

Box, Inc is a cloud content management company that helps organizations securely store, manage, share and collaborate on files and business information. Its platform is designed to support content throughout its lifecycle, from creation and collaboration to retention, governance and secure disposal.

The company's primary offering, the Box Content Cloud, includes tools for file storage and sharing, document collaboration, workflow automation, electronic signatures, content security and compliance management.

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.